Characteristics of Wenzhou model

In the new century, Wenzhou City, Zhejiang Province put forward the slogan of "attracting investment by people and attracting investment by business", actively guiding and encouraging private enterprises to strengthen technical and brand cooperation with internationally renowned enterprises, taking the road of internationalization, and regional and transnational cooperation flourished. Under the background of further opening to the outside world, as a representative model of private economic development, Wenzhou model presents four new characteristics.

First, cross-regional capital flows. The overall scale of Wenzhou private capital is huge, and this kind of private capital carries out various industrial investment, commercial investment and equity investment activities throughout the country. Some private enterprises have also entered the international market, such as Kangnai Group entering the Russian Far East; In North America, the Middle East, South America and other regions, many Wenzhou private entrepreneurs are also active. A large number of private capital invested overseas, forming an industrial Wenzhou market and a trans-regional Wenzhou economy. Thousands of enterprises moved out of Wenzhou, and tens of thousands of industrial enterprises were established by Wenzhou citizens.

The second is the modernization of family business. Wenzhou's traditional private enterprises, which started from "underground factories" and "front shops and back factories", basically adopt family management. However, with the development of enterprises, the disadvantages of family management are increasingly exposed, and a large number of private enterprises have turned to establish modern enterprise systems and gradually developed into modern joint-stock enterprises or listed companies. According to relevant sources, the number of enterprises planning to list in Wenzhou in the next three years will increase exponentially. There are more than 50 listed companies. Seven companies strive to submit materials in 2008, 14 companies plan to go public in 2009, and 29 companies plan to go public in 20 10. At present, more than 800 enterprises and hundreds of joint-stock companies with an output value exceeding 100 million yuan in this city are high-quality reserve resources for listing, and an echelon of listed enterprises has basically taken shape. A number of high-quality private enterprises have created a strong atmosphere for Wenzhou private enterprises to "want to go public, dare to go public and compete for listing".

The third is the internationalization of enterprise development. Some high-quality private enterprises in Wenzhou have gradually entered the international market, and their sales networks are all over the world. Light industrial products such as lighters and leather shoes occupy the main share of the international market. Wenzhou businessmen began to set up professional markets, R&D centers or production bases for shoe leather, clothing, industrial appliances, hardware and electrical machinery overseas. The development of economic globalization is conducive to domestic private enterprises to make full use of the market and resources, strengthen the integration and integration with the international market, make full use of comparative advantages and late-comer advantages, accelerate the introduction of foreign funds, talents and advanced technologies, improve management level, enhance comprehensive strength and form core competitive advantages.

Fourth, economic development is self-disciplined. In the early stage of the development of Wenzhou private enterprises, government departments insisted on "governing by doing nothing", promoted self-discipline of enterprises and let go of the development of private economy. Since 1990s, the self-regulatory organizations of Wenzhou enterprises have developed rapidly. * * * There are more than 80 municipal trade associations (chambers of commerce) in the city, and more than 200 Wenzhou chambers of commerce in other regions, forming an industry autonomy mechanism for Wenzhou's regional economic development.