Core Insights - The recent policies from Shenzhen and Guangzhou aim to accelerate the development of service trade and cultivate new momentum for foreign trade, reflecting a strategic response to the evolving global service trade landscape [1] Group 1: Policy Initiatives - Shenzhen released "Ten Key Points for Supporting Service Trade Development" on May 7, while Guangzhou introduced "22 Measures for Service Trade and Digital Trade" on May 9, both focusing on enhancing service trade [1] - The policies emphasize the importance of digital trade, with Shenzhen prioritizing its development and Guangzhou highlighting the need for a supportive institutional and infrastructural environment [2] Group 2: Strategic Focus Areas - Both cities stress the importance of aligning rules and standards, with Guangzhou aiming to connect with Hong Kong and Macau's regulatory frameworks, while Shenzhen's measures facilitate the flow of elements within the Greater Bay Area [2] - The policies also prioritize standard-setting, with Guangzhou proposing the development of Bay Area and international standards, and Shenzhen supporting enterprises in obtaining international certifications [2] Group 3: Sector-Specific Support - Shenzhen offers greater financial support for financial service export enterprises, with rewards up to 2 million yuan, while Guangzhou focuses on the internationalization of professional services like accounting and law [3] - The distinct approaches of both cities create a complementary development pattern, leveraging their respective strengths in service trade [3] Group 4: Future Directions - The cities are positioned to lead in service trade innovation, capitalizing on their strong industrial foundations, talent pools, and high levels of openness [3] - Future efforts should focus on policy coordination to address systemic challenges such as data flow, talent acquisition, and intellectual property protection, transforming policy benefits into tangible development outcomes [3]