Core Insights - The Hangzhou Free Trade Zone has achieved significant milestones in the past five years, becoming a national leader in various sectors, including digital trade and artificial intelligence [2][4][5] Group 1: Economic Achievements - Seven companies in the artificial intelligence sector have surpassed 10 billion yuan in revenue, positioning Hangzhou as the second in national computing power levels [1] - The cross-border e-commerce exports reached 38.74 billion yuan in the first half of 2025, contributing to a 12.5% increase in overall city exports [1] - The digital security market holds the largest global market share, while cloud computing and e-commerce platform transaction volumes rank first in the Asia-Pacific and nationwide, respectively [1] Group 2: Policy and Regulatory Innovations - The Hangzhou Free Trade Zone has introduced over 170 innovative measures, including more than 20 national firsts, such as the knowledge property pledge financing model [2][3] - The region has established the first local digital trade regulations in China, promoting a negative list for cross-border data flow in e-commerce [3] - A unique international cargo station has been launched, along with a pilot program for recognizing high-skilled foreign talent [3] Group 3: Future Directions - The Hangzhou Free Trade Zone aims to enhance its digital trade ecosystem by fostering new business models in cross-border e-commerce and digital services [5][6] - The focus will be on deepening investment liberalization reforms and creating a market-oriented, legal, and international business environment [5] - The zone plans to strengthen the integration of innovation and industry chains, leveraging digital technology for the transformation of traditional industries [5]