The organization will fully play its role in the field of ideological education among non-public business circles and help people among these groups better participate in the country's political and social affairs, he added.
the new ACFIC chairman vowed that the federation will promote reform and development of related industry associations, help in building harmonious labor relations, and actively play its role in channeling disputes, coordinating different interests and safeguarding rights in non-public economic circles.
Wang, 64, is a member of the China Zhi Gong Party, one of the eight non-Communist political parties in China.
Before he was elected chairman of ACFIC's executive committee, he had been the executive vice chairman of the Central Committee of the China Zhi Gong Party since December 2007.
As an academic of geo-information science, Wang obtained his master and doctoral degrees at the Imperial College of the University of London between 1984 and 1990. He then conducted research in Japan for almost 10 years and came back to China in 1999.
Wang's predecessor, Huang Mengfu, who had served as ACFIC chief since 2002, became the organization's honorary chairman on Monday.
Ling Jihua, head of the United Front Work Department of the Central Committee of the Communist Party of China, congratulated ACFIC's new leadership during Monday's meeting.
He expressed hope that the federation can contribute more to the country's goals of completing the building of a moderately prosperous society and achieving new victories in building socialism with Chinese characteristics.
Founded in 1953, the ACFIC is a non-governmental organization chiefly made up by enterprises and people in the non-public industrial and commercial sector.
It has more than 2.94 million enterprise, group and individual members.
Cumquat market in S China's Guangxi