Core Insights - The State Council has approved the expansion of the Hangzhou Comprehensive Bonded Zone, marking a new phase of cross-river development for the zone [3] - The newly added area, located in the Hangzhou Airport Economic Demonstration Zone, covers an area of 0.40 square kilometers, complementing the existing 2.01 square kilometers of the bonded zone [3][4] - The Hangzhou Comprehensive Bonded Zone has achieved a historical best performance ranking sixth nationally, fourth in the eastern region, and first in the province in the 2024 national performance evaluation [3] Group 1 - The expansion includes two main areas: the port operation area and the bonded function area, which will enhance logistics, processing, inspection, maintenance, training, research, and display functions [4] - The new area addresses the functional shortcomings around Hangzhou Xiaoshan International Airport and is a key driver for high-level opening-up and improving the quality and efficiency of the outward-oriented economy [4] - Several high-value projects are being established in the new area, including a 5.1 billion yuan research and manufacturing project by Xiu Zheng Pharmaceutical, and projects related to lithium batteries and food imports [4] Group 2 - The Hangzhou Comprehensive Bonded Zone aims to achieve acceptance targets and accelerate construction tasks while expanding the "bonded +" business model [4] - The strategy includes institutional innovations such as "zone-port integration" and "extension of bonded functions" to promote coordinated development and complementary advantages between the two zones [4]