Core Viewpoint - The Chinese government has issued a notification to replicate and promote 77 pilot measures from the Shanghai Free Trade Zone (FTZ) to enhance high-level institutional openness and align with international trade rules [1][4]. Group 1: Financial Sector Innovations - The People's Bank of China emphasizes the importance of financial innovations in the Shanghai FTZ, highlighting the optimization of cross-border cash pools for multinational companies and the promotion of international payment services [2][3]. - Key initiatives include enhancing the functionality of free trade accounts, facilitating cross-border data flow in the financial sector, and expanding the application of digital RMB in foreign trade [2][3]. Group 2: Trade and Investment Facilitation - The 77 measures aim to enhance trade and investment facilitation, including optimizing international transit operations and integrating customs management with port operations to improve clearance efficiency [4]. - The measures also cover areas such as intellectual property protection, government procurement reform, and labor rights protection, with nearly half of the measures focusing on these sectors [4]. Group 3: Digital Trade and Economy - The Shanghai FTZ is actively aligning with international digital trade standards, focusing on data cross-border flow, digital technology application, and expanding data sharing [5][6]. - In 2024, Shanghai's digital trade imports and exports are projected to reach $109.53 billion, representing a 4.9% year-on-year growth and accounting for 30.1% of the national total [6]. Group 4: Customs Efficiency for Consumer Goods - The General Administration of Customs is enhancing the efficiency of customs clearance for imported consumer goods, particularly fruits, by developing a data recognition system for plant quarantine [7]. - Simplified domestic quarantine measures have shown positive results in the Shanghai FTZ and are being promoted nationwide to improve trade safety and convenience [7].
推进贸易投资自由便利 扩大高水平开放
Jin Rong Shi Bao·2025-08-08 07:58