Established in 1953 under the leadership of the Communist Party of China, the All-China Federation of Industry and Commerce (ACFIC), also known as the All-China General Chamber of Industry and Commerce (ACGCIC), is a group of the masses and a chamber of commerce oriented toward the business circle and with the enterprises and personages of the non-public economy as its main entity. It is a channel for the CPC and the government to liaise with the personages of the non-public economy, and an aide of the government in administering and serving the non-public economy. The work of ACFIC is a key component of the CPC’s united front and economic work. The cause of ACFIC is an important part of Socialism with Chinese characteristics. ACFIC is a key organization of the CPC-led united front and a key unit of the Chinese People’s Political Consultative Conference, with basic characteristics of the united front, the economy and the masses. ACFIC upholds the flag of Socialism with Chinese characteristics. It is guided by the Deng Xiaoping theory, the thoughts of “Three Represents” and the Concept of Scientific Development. It clings to the CPC leadership, and the basic economic system with the public economy as the main component and the co-existence of the economies of various ownerships. Its work centers on economic construction, serves the big picture of the CPC work and the whole country, and focuses on the healthy growth of the non-public economy and its personages. It participates in the China’s construction of Socialist economy, politics, culture, society and ecological civilization, and contributes to building China into a rich, strong, democratic, civilized and harmonious Socialist modern nation, and achieving complete national reunification and rejuvenation.