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Tang Bin, Founder and CEO of YeePay

Text/Fu Le

The Third Plenary Session of the 20th CPC Central Committee has drawn a grand blueprint for China's future development and provided unprecedented opportunities for the growth of enterprises.

Tang Bin, founder and CEO of YeePay, told the China Times that the decision of the plenary session demonstrated the Party's profound insight and foresight into the overall national development. In the journey of the new era, reform measures in many fields such as technological innovation, industrial upgrading, and green development have undoubtedly created broad development space for enterprises.

He said that the plenary session made arrangements for "building a system and mechanism to support comprehensive innovation", which further strengthened Yibao Payment's determination to continue to increase its R&D investment and improve the security, convenience and intelligence of payment technology.

How to further promote high-quality economic development? He believes that first of all, the plenary session proposed to accelerate the construction of a new development pattern and focus on promoting high-quality development, which is a profound grasp of the laws of economic development. On the one hand, private enterprises need to actively integrate into the new development pattern, not only to cultivate the domestic market intensively, but also to promote the deep integration of the real economy and the digital economy, and to help the digital transformation of the real economy and the cultivation of new quality productivity. On the other hand, payment companies should rely on technological advantages and innovative services to expand the international market, participate in competition and cooperation in the global payment field, and help Chinese companies go overseas better. In addition, the requirements of high-quality development also prompt the continuous optimization of internal management of enterprises to meet the growing diversified needs of customers.

Secondly, the plenary session's determination to reform the market environment and business environment has further stimulated the vitality of market players. The re-emphasis on "two unshakable" has given private enterprises a "reassurance", which provides them with a more stable, fair, transparent and predictable development environment. "We will make full use of this favorable policy environment, accelerate the pace of enterprise development, increase innovation efforts, and contribute more to economic growth," said Tang Bin.

Finally, in terms of social development, the plenary session focused on people's well-being and emphasized social fairness, justice and common prosperity. Private enterprises should participate in public welfare undertakings, reduce service costs and improve resource allocation efficiency through digital means, so that more people can enjoy the convenience and benefits brought by technology.

Editor: Meng Junlian