Next year, we will usher in a historic day to commemorate the 40th anniversary of reform and opening up. Lu Guanqiu and his generation of pioneering entrepreneurs will become an eternal monument in the rise of a nation and a precious spiritual wealth of this nation. The 15th National Congress of the Communist Party of China proposed for the first time the diversification of the realization of public ownership and affirmed the joint-stock system. At this time, the theoretical circle began to discuss the integration and development of different economic components, while Lu Guanqiu had already took the lead. As one of the earliest entrepreneurs in that generation who had regained consciousness of property rights, he bought half of the Wanxiang Joint Factory from the Xiaoshan Ningwei Town Government with the skyrocketing price of 15 million yuan, obtaining absolute control of the enterprise. In 1992, taking advantage of Xiaoping's southern tour speeches, Wanxiang carried out a shareholding reorganization. The following year, "Wanxiang Chao A" was listed on the Shenzhen Stock Exchange, with the company entering the fast lane, thus, Lu Guanqiu became one of the first private entrepreneurs to enter the capital market.He believes that there are three points for the development of the private economy in Zhejiang: firstly, "good seeds", Zhejiang people are born with entrepreneurial enthusiasm and impulse; secondly, "good soil", private economic development has appropriate systems and mechanisms; thirdly, "good climate", Zhejiang government is pragmatic and enlightened, honest and efficient, respects the initiative of the masses, and creates a loose external environment.
