Recently, the Central Committee of the Communist Party of China and the State Council issued the "Opinions on Promoting the Development and Growth of the Private Economy" (hereinafter referred to as the "Opinions"), which boosted the confidence of the private sector and revitalized the spirit across all sectors.
The following are the key words of the Opinions:
Key word ①: New force
Key word ②: Important foundation
Key word ③: Important force
The "Opinions" begins with three key words - "new force", "important foundation", and "important force", which give a new expression to the role and status of the private economy: In other words, the private economy is a new force in propelling Chinese path modernization, an important foundation for high-quality development, and an important force in realizing the Second Centenary Goal of building China into a great modern socialist country in all respects.
Linking the private economy with Chinese path to modernization, high-quality development, and the Second Centenary Goal of building China into a great modern socialist country in all respects is a full recognition of the positive role played by the private economy in stabilizing growth, promoting innovation, increasing employment, and improving people's livelihood.
The "Opinions" put forward suggestions for the current employment situation: "Strengthening the protection of talent and employment demand", "Unblocking the channels for talent to flow to private enterprises", and "Building a platform for private enterprises, self-employed inpiduals to connect with job seekers. Vigorously promoting school-enterprise cooperation and integration of industry and education. Advancing the building of the industrial worker team in the private sector and improving the environment for career development". It fully affirmed the role of private enterprises as a "reservoir" and "stabilizer" for employment.
Jiang Xipei, founder and chairman of Far East Holding Group, has also said in many occasions: "The private economy equals the market economy, it is the livelihood economy". And employment is the biggest livelihood, as well as the foundation of the economy.
As a pioneer of private enterprises, Far East Holding Group has always been following the pace of the country, stabilizing employment in high-quality development, and practicing corporate social responsibility with practical actions.
Far East has grown into an enterprise with nearly 10,000 employees today from a company with only 28 people at the start-up. During the course of 38 years, it has gradually formulated 7 priority policies for recruitment: "Priority for disabled people with labor ability, for veterans who are CPC members, for fresh graduates who are CPC members or used to be a member of class committee or student union cadres, for those who have written commitments to have three or more children, for families with multiple children but no employment, for those who are local to the enterprise, and for those who have direct family members who have worked in the company for more than 5 years". By fully promoting and implementing the strategies of innovative talent recruitment, cooperative talent cultivation, steady use of talent to ensure employment, stable income growth, promote employment, Far East has been repeatedly rated as "China's Best Employer Enterprise", "National Model Enterprise" and other titles.
In the process of development and growth, Far East has driven the coordinated development of more than 200 enterprises in the Yixing area, where the Group is headquartered, creating nearly 25,000 new jobs for the people there, and playing an important role in poverty alleviation and increasing people's income, as well as in stabilizing employment and revitalizing industry.
Since last year, Far East has created more jobs by establishing new industrial bases. In 2022, the Far East Marine Cable Digital and Intelligent Factory was built in Yangkou Port, Rudong County, Nantong, Jiangsu, providing about 450 jobs after its completion. In May 2022, the Far East Communication Optical Rod and Fiber Project was officially launched in Yixing, which will also bring employment opportunities to the Yixing area after completion. In June of this year, the first phase of the Far East Yibin Intelligent Industrial Park was put into operation and the second phase was launched. Jiang Chengzhi, Secretary of the Party Committee of Far East Holding Group, Executive Chairman of the Board of Directors, CEO, and Chairman of Industry Directors said in an interview: "The project will provide more than 5,000 jobs". This demonstrates Far East's adherence to its corporate mission of "creating value and serving society".
This year, in the face of such a severe situation for the employment of college graduates, Far East has doubled its efforts to absorb talent and actively connected with the demand of talent markets in many provinces and cities across the country to fully understand the employment intentions of graduates. As of now, nearly 300 undergraduates and postgraduates have been recruited this year. Through the Relay 100 plan, the company reserves, trains and allocates talent of varied expertise to give full play of their strengths in different positions. After comprehensive training and practice, they can gain and absorb knowledge from actual work. Multi-position practice also helps them find the correct career positioning, make career planning, and achieve the sustainable development of talent strategy in all aspects.
The release of the "Opinions" pointed out the direction for the high-quality development of the private economy, provided an action guide on what to do and how to do it, cleared obstacles for the healthy development of the private economy in all aspects, reinforced the rule of law in this sector, and injected stronger confidence and motivation into private enterprises.
In the next stage, Far East Holding Group will, under the guidance of the "Opinions", strengthen its confidence and determination, so as to continue its endeavor in technical advantages, product advantages, industry standards and other aspects, and forge ahead on the path of "improving efficiency and intelligent manufacturing". It will firmly adhere to the original aspiration of improving people's livelihood, further promote development and stabilize employment, practicing the connotation of "private enterprise responsibility" with actions, so as to walk steadily on the road of high-quality development and common prosperity, and contribute Far East's strength to building a community with a shared future for mankind.