The State Council recently issued the overall plan for the Beijing, Hunan, and Anhui Pilot Free Trade Zones and the expansion plan for the Zhejiang Pilot Free Trade Zone.
Among them, the overall plan of the China (Beijing) Pilot Free Trade Zone is clear. The implementation area of the Pilot Free Trade Zone is 119.68 square kilometers, covering three areas: 31.85 square kilometers for science and technology innovation area and 48.34 square kilometers for international business service area (including Beijing Tianzhu Comprehensive Bonded Zone 5.466 square kilometers), high-end industrial area 39.49 square kilometers.
In terms of promoting financial technology innovation, it is proposed to support the People's Bank of China Digital Currency Research Institute to establish a financial technology center, build a legal digital currency pilot zone and a digital financial system , rely on the People's Bank of China's trade finance blockchain platform to form a trade finance blockchain standard system, and strengthen Regulatory innovation. Build a pilot area for financial technology application scenarios, and establish an application scenario release mechanism.
Strengthen financial services in the real economy, support auto finance companies in the region to carry out cross-border financing under the premise that risks are controllable, and apply for insurance agency qualifications in accordance with relevant regulations; study and simplify the issuance of financial bonds and credit by auto finance companies Related procedures such as asset securitization or panda bond issuance by foreign shareholders. Allow financial leasing parent companies and subsidiaries registered in the zone to share the corporate foreign debt quota.
The overall plan of the China (Hunan) Pilot Free Trade Zone proposes to launch a pilot program for qualified foreign limited partners (QFLP) for foreign-invested equity investment enterprises. Relaxation of the application conditions for foreign investors to establish investment companies, the requirement for total assets of foreign investors in the year before the application is reduced to no less than US$200 million, and the requirement for the number of foreign-invested enterprises established in China by foreign investors is eliminated.
At the same time , under the framework of the Closer Economic Partnership Arrangement (CEPA) between the Mainland and Hong Kong and Macau, Hong Kong and Macau personnel are allowed to engage in related service industries and enjoy national treatment in the Pilot Free Trade Zone. Authorize the Pilot Free Trade Zone to formulate relevant Hong Kong and Macao professional personnel practice management measures (except for those temporarily prohibited by national laws and regulations) , and allow professionals in the fields of finance, construction, planning and other fields with Hong Kong and Macao practice qualifications to be registered by relevant departments or institutions. Domestic companies provide professional services.
China (Anhui) test the overall program free trade zone on the functional division , proposed Hefei Area focus on developing high-end manufacturing, integrated circuits, artificial intelligence, new display, quantum information technology finance, cross-border electricity providers and other industries, to create a global influence The comprehensive national science center and industrial innovation center lead the area . The Wuhu area focuses on the development of industries such as smart connected cars, smart home appliances, aviation, robotics, shipping services, and cross-border e-commerce, and builds a strategic emerging industry pilot zone and an international logistics hub for river-sea combined transport. The Bengbu area focuses on the development of silicon-based new materials, bio-based new materials, new energy and other industries , to build a world-class silicon-based and bio-based manufacturing center, and a leading area for technological innovation and open development in northern Anhui.
The China (Zhejiang) Pilot Free Trade Zone has a clear regional expansion plan , actively expand agricultural trade cooperation with other countries, and vigorously develop high-end animal protein processing and trade industries such as imported beef. Establish a bonded storage and transfer base for imported grain, support the use of soybeans as a breakthrough point, innovate the grain import quarantine approval system , allow inspection and quarantine approval for non-tariff quota grains stored in ports, and determine the processing site after import (except for active genetically modified agricultural products) .
In addition, increase the construction of a new generation of digital infrastructure represented by independent deep algorithms , super low-consumption computing power and high-speed wide area networks, support the deployment of network infrastructure such as IPv6, satellite Internet, and 6G test beds, and fully expand digital industrialization, industrial digital , digital life new service, to build a national digital services export base for the first digital trade demonstration area.