Core Viewpoint - The Chinese government is enhancing the Free Trade Zone (FTZ) strategy to promote high-level opening-up and modernization, focusing on innovative and integrated exploration to improve the business environment and increase the FTZ's influence [1][2]. Group 1: Development of Free Trade Zones - FTZs have played a significant role in institutional innovation, attracting global resources and fostering leading industrial clusters in sectors like oil and gas, biomedicine, and information technology [2]. - The negative list for foreign investment in FTZs has been reduced multiple times, leading to increased openness and transparency [2]. - FTZs are actively exploring green and digital trade, accelerating the development of new business models such as cross-border e-commerce [2]. Group 2: Key Reform Areas - The first area of focus is enhancing convenience by reducing institutional costs and improving the import facilitation of essential goods and resources, while ensuring data security [3]. - The second area involves expanding institutional openness by aligning with international trade rules and optimizing regulatory frameworks within FTZs [3][4]. - The third area emphasizes systematic planning and integration to generate more innovative institutional outcomes, particularly in key industries like healthcare and smart manufacturing [4]. Group 3: Industry Chain Development - FTZs are encouraged to develop distinctive industrial chains by leveraging their advantages in institutional and technological innovation, focusing on sectors such as biomedicine and marine economy [5]. - There is a push for creating comprehensive trade rules that cover the entire industrial chain, enhancing cooperation across various sectors [5]. Group 4: Risk Management - FTZs must strengthen risk awareness and management capabilities, especially in areas with rapid industrial aggregation and project implementation [6]. - The integration of new technologies like IoT and big data is recommended to innovate risk supervision methods and enhance overall risk prevention [6].