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Chinese national president Xi Jinping met some of the country’s top entrepreneurs, including Alibaba’s Jacques Ma on Monday as Beijing seeks to reinvigorate private businesses and promote stronger economic growth.
MA has been the most notable victim of Beijing’s technology crackdown in recent years, and mostly following the cancellation of an initial public offer for ANT Financial Group’s planning records following dramatic interventions by regulators in late 2020. has not been published.
His presence at Monday’s forum, where Xi gave a “significant speech,” symbolizes Beijing’s desire to present a more positive nature to the private sector, according to state broadcaster CCTV. The analyst said.
“The purpose of the conference is to tell (the private sector) that “We want to support you, we need to support you, to encourage technological innovation and consumption,” Zhang, a finance professor at Tinshure University who spoke in the Asian securities industry. Xiaoyan & Hong Kong Financial Markets Association.
She added that the government wanted the government to “inject trust” into Chinese companies.
Beijing has worked to strengthen economic growth after a long-standing campaign to improve China’s business environment and curb the impact of large tech companies that attenuated business trust.
Other notable technical executives attending Monday’s meeting include Robin Zeng, founder and chairman of leading battery manufacturer CATL and Meituan boss Wang Xing. Huawei founders Ren Zhengfei and Xiaomi chief Lei Jun spoke to top officials, state media broadcasts showed.
There were also Tencent Chiefs Ponyma and Wang Xingxing, chairman of electric car maker BYD, and founder of robotic group Unitree.
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While China’s slowdown in economic growth has been heavily in private businesses, executives face suspicions of corruption and intense scrutiny during local government detention.
In the past, XI has used meetings with business leaders to promise tax cuts and equal playing field with state businesses.
The emergence of pioneering artificial intelligence models from startup DeepSeek has renewed interest in China’s technology and sparked bull markets with the country’s leading benchmarks for high-tech stocks.
The Hang Seng Tech Index, a benchmark for 30 top tech companies listed in Hong Kong, has grown 24% since the start of the year as investors respond to Deepseek’s breakthrough and Beijing’s positive message on the technology sector I’m doing it.
