Core Insights - The Yangshan Special Comprehensive Bonded Zone has achieved a cumulative import and export value of 1.05 trillion yuan since its establishment in May 2020, with a compound annual growth rate of 22% [1] - In the first four months of this year, the zone recorded an import and export value of 102.62 billion yuan, marking a year-on-year increase of 16.1%, reaching a historical high [1] Group 1: Policy Innovations - The Yangshan Special Comprehensive Bonded Zone is the only one of its kind in the country, playing a crucial role in promoting high-level openness and deepening customs reform [2] - The zone has introduced the "direct release" regulatory model, allowing companies to directly pick up and ship goods without declaration for non-regulated items, significantly enhancing customs efficiency [2] - The "direct release" policy has spurred rapid growth in the automotive bonded transfer business, enabling vehicles to be released in as little as 2 hours [2] Group 2: Logistics and Connectivity - The "coastal transshipment" business has successfully expanded to Lianyungang Port, allowing foreign shipping companies to engage in coastal transshipment with Yangshan Port as the international transshipment hub [3] - In the first three months of this year, the Yangshan Customs processed 2,664 "coastal transshipment" transactions, representing a year-on-year increase of 54.1%, with 27,000 standard containers, an 84.2% increase [3] - The "linked unloading" model has been introduced to enhance integration within the Yangtze River Delta, saving logistics costs significantly for both exports and imports [5] Group 3: Trade and Economic Impact - The bonded maintenance business in the Yangshan Special Comprehensive Bonded Zone has seen significant growth, with a trade volume of 1.722 billion yuan in 2024, more than doubling year-on-year [5] - The zone's innovations are expected to contribute to the high-quality development of the Yangtze River Economic Belt, attracting over 500,000 standard containers for transshipment annually [5]