Core Insights - Tianjin Free Trade Zone (FTZ) has implemented 686 institutional innovation measures and has seen 49 of these innovations replicated nationwide over the past ten years, marking its significance as a platform for high-level opening-up and reform in China [1][3] Institutional Innovation - The Tianjin FTZ has established a system that aligns with international trade rules, completing all pilot tasks and leading in several initiatives that have been replicated across the country [3] - The FTZ has significantly improved customs efficiency, achieving an average import clearance time of 26.55 hours, well below the international standard of 48 hours [3] Financial Innovation - Over the past decade, the People's Bank of China in Tianjin has implemented more than 50 high-impact innovative policies, benefiting around 90,000 businesses in the FTZ [4] - The FTZ has facilitated cross-border transactions, with a total of $430 billion in cross-border receipts and 870 billion yuan in cross-border RMB settlements, accounting for 25% and 32% of the city's totals, respectively [4] Industrial Empowerment - The Tianjin FTZ has attracted major global companies, such as GE Healthcare, which has established a significant manufacturing base in the region, planning to invest an additional 500 million yuan [5] - The FTZ has fostered a cluster of over 200 key biopharmaceutical companies, generating an output value of nearly 50 billion yuan through innovative policies and regulatory frameworks [5] Leasing and Shared Economy - The Tianjin FTZ has pioneered various leasing models, with over 70% of the national cross-border leasing business in aircraft and ships originating from the region [6] - The FTZ has developed a comprehensive service system for the shared economy, integrating millions of drivers and vehicles, and achieving significant logistics volumes and revenue [6]
天津自贸区迎来十周年,49项制度创新成果在全国复制推广
Di Yi Cai Jing·2025-04-27 12:36