Group 1: Core Mission and Institutional Innovation - The China (Shanghai) Pilot Free Trade Zone Lingang New Area has focused on open innovation as its core mission, accelerating the formation of special economic functions over the past six years [1][2] - The area has established a system of institutional innovation with "five freedoms and one convenience" as its core, resulting in 166 institutional innovation cases, including 79 national firsts [2][3] - The Lingang New Area has implemented a new customs supervision system in the Yangshan Special Comprehensive Bonded Zone, enhancing trade facilitation and efficiency [2] Group 2: Industry Development and Competitive Advantage - The Lingang New Area aims to build an open industrial system with international market competitiveness, supporting multinational companies in establishing offshore R&D and manufacturing centers [4] - The area has attracted world-class enterprises and is focusing on key sectors such as core chips and advanced equipment, leading to an upgrade in industrial capabilities [4][5] - Companies like Lenz Group and Panshi Group have established significant operations in Lingang, contributing to local industrial upgrades and innovation [5][6] Group 3: Financial Innovation and Development - The Lingang New Area is positioning itself as the "third pole" of Shanghai's international financial center, focusing on cross-border finance, fintech, and offshore trade [7][8] - A pilot program for offshore trade financial services has been launched, significantly improving settlement efficiency from days to seconds [8][9] - The area aims to explore and establish a financial ecosystem that aligns with international rules, enhancing Shanghai's influence in global trade rule-making [8][9]