Core Viewpoint - The Tianjin Free Trade Zone (FTZ) has made significant progress in implementing institutional innovations and enhancing its role as a new high ground for institutional openness over the past ten years, contributing substantially to the local economy and aligning with national strategies for reform and opening up [3][4]. Group 1: Institutional Innovations - The Tianjin FTZ has implemented 686 institutional innovation measures, with 49 of these being replicated nationwide, accounting for 14.2% of the total nationwide replication [3]. - The FTZ has established a system that aligns with international trade and investment rules, completing all pilot tasks and being the first to implement five tasks nationally [4]. - The FTZ has created a world-class business environment by implementing "separation of licenses and permits" and "simplified notification and commitment" systems, and has established specialized courts for international commercial trials [4]. Group 2: Financial and Trade Innovations - The FTZ has seen a significant increase in financial innovation, with a cross-border RMB fund pool accumulating nearly 35 billion yuan and a business scale exceeding 1.1 trillion yuan [5]. - The oil and gas trading center has successfully implemented innovative models, with trading volumes surpassing 10 billion yuan [5]. - The FTZ has also enhanced shipping services, obtaining the first local license for bonded fuel oil refueling in northern China, with a total of 262.54 thousand tons of bonded fuel oil refueling completed in 2024 [5]. Group 3: Industrial Empowerment - The FTZ has accelerated the development of new productive forces, with the financing leasing scale reaching 23 trillion yuan, accounting for one-quarter of the national total [6]. - The FTZ has pioneered various "bonded+" businesses, including bonded research and development and bonded maintenance, leading to significant growth in the automotive sector, with parallel imports of cars accounting for 70% of the national total [6]. - The FTZ has also innovated in cross-border e-commerce and established a "green channel" for clinical imported drugs in the biopharmaceutical sector [6]. Group 4: Collaborative Development - The FTZ has enhanced its service capabilities for national strategies, establishing a joint mechanism for administrative services in the Beijing-Tianjin-Hebei region and launching 230 collaborative initiatives [7]. - The FTZ has actively supported the Belt and Road Initiative, becoming a key transportation hub for the China-Europe Railway Express and facilitating overseas engineering exports [7]. - The FTZ has deepened its integration into the global free trade network by establishing strategic cooperation with international free trade zones in the UAE and Singapore [7].

Core Insights - Tianjin Free Trade Zone (FTZ) has implemented 686 institutional innovation measures since its establishment in April 2015, with 49 of these measures being replicated nationwide, accounting for 14.2% of the total nationwide replication [1][3] Group 1: Economic Contributions - The FTZ hosts nearly 90,000 operating entities, utilizing only 1% of Tianjin's land area while contributing 26% of the city's newly established foreign-invested enterprises, 38% of import and export volume, 43% of actual foreign investment, and 16% of tax revenue [3] - In 2024, cross-border e-commerce imports and exports in Tianjin reached 50.924 billion yuan, representing a year-on-year growth of 43% [3] Group 2: Institutional Innovations - The FTZ has established a system that aligns with international trade rules, completing all pilot tasks and being the first to implement five tasks nationwide, with seven "Tianjin experiences" selected for replication across the country [3] - The FTZ has deepened the application of FT accounts, with a full-function cross-border RMB fund pool aggregating nearly 35 billion yuan and a business scale exceeding 1.1 trillion yuan [3] Group 3: Automotive Trade Developments - The FTZ has introduced service standards for parallel imported vehicles and established the first service and preparation center for parallel imports in China, along with the first second-hand vehicle export service center in a free trade zone [4] - In 2024, parallel vehicle imports accounted for over 80% of the national total, while second-hand vehicle exports reached 40,000 units, making up 11.8% of the national total, with a year-on-year growth of 46% [4]