The National Development and Reform Commission (NDRC) convened a conference focused on fostering high-quality development within the private sector and unveiling a suite of policy incentives. The event underscored the heightened implementation of the 'Two Renewals' policy, encompassing extensive equipment upgrades and consumer goods trade-ins, aimed at invigorating the private economy. Simultaneously, the NDRC will refine the policy framework to facilitate private enterprise participation and augment financial assistance, such as issuing ultra-long-term special treasury bonds to subsidize equipment upgrades. Furthermore, the conference introduced the National Public Service Platform for Venture Capital and Innovation and Entrepreneurship Project Matching, designed to streamline project investment matching, minimize matching costs, and bolster private enterprises in venture capital endeavors. Emphasizing the significance of brand-building, the NDRC encouraged private enterprises to engage in branding activities to amplify their market presence and competitiveness. These strategic initiatives expand the development horizons for private enterprises and impart a robust impetus to propel high-quality economic growth.