First, cross-regional capital flows. Wenzhou's private capital has a huge scale as a whole, and this kind of private capital carries out various industrial investment, commercial investment and equity investment activities all over 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 abroad, forming an industrial Wenzhou market and a trans-regional Wenzhou economy. Thousands of enterprises have moved out of Wenzhou, and thousands of Wenzhou people have established industrial enterprises.
The second is the modernization of family business. The traditional private enterprises in Wenzhou started from "underground factory" and "front shop and back factory", and they are basically family-run management. However, with the development of enterprises, the disadvantages of family management are increasingly exposed, and a large number of private enterprises turn to establish a modern enterprise system and gradually develop 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 is increasing exponentially. There are more than 50 listed companies. Among them, 7 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 are gradually moving towards the international market, and their sales networks are all over the world. Lighter, leather shoes and other light industrial products occupy a large share in the international market. Wenzhou businessmen began to establish professional markets, research and development centers or production bases for leather shoes, 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, self-discipline in economic development. 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 areas, forming an industry autonomy mechanism for Wenzhou's regional economic development.