Core Viewpoint - The State Council emphasizes the importance of fully aligning the Free Trade Pilot Zones with international high-standard economic and trade rules to promote high-level institutional openness and replicate successful pilot measures across a broader scope [2][5]. Group 1: Importance of Replication and Promotion - The notification highlights the significance of replicating and promoting the experiences from the China (Shanghai) Free Trade Pilot Zone to unleash institutional innovation dividends and drive deep reforms and high-quality development [5]. - It calls for a comprehensive understanding of the current situation and the importance of effective implementation of replication and promotion work, guided by Xi Jinping's thoughts on socialism with Chinese characteristics for a new era [5]. Group 2: Responsibilities and Coordination - Local governments are urged to strengthen their primary responsibilities, enhance organizational leadership, and establish clear mechanisms for the replication and promotion work, including defining responsible persons, timelines, and roadmaps [5][6]. - The notification emphasizes the need for local governments to tailor the replication efforts to their specific circumstances, focusing on pilot measures that meet the urgent needs of enterprises and the public [5]. Group 3: Risk Management and Regulatory Framework - The State Council stresses the importance of balancing openness and security, enhancing risk prevention and control systems, and establishing a transparent and efficient regulatory framework [7][13]. - It calls for timely research and resolution of new situations and problems that arise during the implementation of measures, ensuring that risk control measures are in place as the initiatives are rolled out [7]. Group 4: Specific Pilot Measures - The notification outlines specific pilot measures to be implemented, including expanding service trade, optimizing cross-border capital management for multinational companies, and enhancing the functionality of free trade accounts [9][10]. - It encourages financial institutions to adopt advanced international standards for electronic payment systems and supports the introduction of foreign electronic payment institutions [10]. Group 5: Digital Trade and Data Management - The document promotes the implementation of high-standard digital trade rules, supporting the development of a negative list for data export and facilitating cross-border data flow [11][12]. - It emphasizes the need for a robust data security management certification system to enhance data security management capabilities among enterprises [12].