Share News Channel

Hangzhou strives to build a digital free trade zone with distinctive recognition

2022-10-17 17:338150

By 2025, Hangzhou will strive to achieve the revenue of enterprises in the core industries of the digital economy above designated size of 2 trillion yuan, the volume of digital trade of 500 billion yuan, cross-border RMB settlement of 1 trillion yuan, and the added value of the financial industry of 280 billion yuan, and initially build a digital free trade zone with distinctive recognition.


Recently, the press conference on the construction of Zhejiang Pilot Free Trade Zone was held. The head of Hangzhou Municipal Bureau of Commerce (Free Trade Commission) introduced the latest measures taken by Hangzhou in building a digital free trade zone:


Hangzhou will successfully hold the first Global Digital Trade Expo with "one shot", strive to build a digital industry cluster, a digital financial innovation zone, a digital logistics pilot zone and a digital regulatory benchmark zone, build a "five major" system of digital trade industry, platform, ecology, system and supervision, and build ten major achievements, including a world-class cross-border e-commerce demonstration center, a global cross-border payment highland, and a demonstration highland for comprehensive development and utilization of data, Provide replicable experience for the country to formulate rules in the field of digital economy.


Since the expansion of Zhejiang Pilot Free Trade Zone, Hangzhou has focused on the functional positioning of "three zones and one center", actively played the role of Zhejiang as the main force in building a global digital trade center, and enabled high-quality development of the city with the pilot free trade zone. As of July this year, Hangzhou Free Trade Zone, with only 0.22% of the city's land area, has contributed 28.4% of the city's actually utilized foreign capital, 18.1% of its total foreign trade imports and exports, and 8.9% of its tax revenue. In the past two years, four achievements of Hangzhou Free Trade Zone have been selected as national level cases, and 13 achievements have been selected as provincial system innovation best cases.


Hangzhou focuses on leading industries such as artificial intelligence, cross-border e-commerce, digital economy, financial technology, etc., speeds up the construction of the pilot free trade zone, gathers 36% of the province's AI core enterprises, one-third of the province's well-known cross-border e-commerce export brands, two-thirds of the country's export retail platforms, and 70% of the country's cross-border e-commerce payment transactions. From January to July this year, driven by the pilot free trade zone, Hangzhou's digital trade volume accounted for 41.8% of the province's total, the added value of the core industries of the digital economy accounted for 54.8% of the province's total, and cross-border RMB settlement volume accounted for 54.5% of the province's total.


In Hangzhou, a large number of innovative and differentiated pilot reform experiences of the pilot free trade zone have emerged, and the digital epidemic prevention platform of "epidemic intelligent control" of the airport has been initiated and promoted nationwide; It pioneered the mode of "data intellectual property certificate and pledge financing", and five enterprises have accumulated more than 20 million yuan of financing; Build the first "cross-border import overdue return center" pilot in China, and improve the supervision capacity of the Comprehensive Bonded Area from 50000 to 300000 pieces of imported returned goods per month by means of "online code assignment"; The customs innovated the intelligent supervision of the "future factory bonded warehouse", built the application scenario of warehousing code scanning, remote inventory and outbound traceability, and improved the material turnover efficiency by more than 50%, which can help enterprises save 60 million yuan of operating costs a year; The pilot joint supervision mechanism for entry special goods has become the second pilot area in China.


At the press conference, the Provincial Free Trade Office introduced the ten landmark achievements created after the expansion of Zhejiang Pilot Free Trade Zone. Hangzhou gave full play to the advantages of the pilot free trade zone, made new breakthroughs in the construction of the pilot free trade zone, made significant progress in the construction of the global digital trade center, the birthplace of global digital change was taking shape, the pilot digital RMB was launched, and the global layout system of overseas warehouses was initially formed. Among them, since the integration of local and foreign currency bank settlement accounts into the first batch of pilot projects nationwide, 19800 new accounts have been opened in Hangzhou, handling 2.3 trillion yuan of RMB capital receipts and payments and 10.719 billion dollars of foreign currency capital receipts and payments. Hangzhou Free Trade Zone has set up the first data security laboratory in the province and launched Zhejiang Data International Trading Platform and Hangzhou International Digital Trading Platform. From January to August this year, the trading scale of provincial and municipal platforms has exceeded 84 million yuan.


Favorite 0
Comment 0
Waigaoqiao Global Exchange: E-commerce will shift from internal supply to external demand
Waigaoqiao Global Exchange: E-commerce will shift from internal supply to external demandThe trial operation of Waigaoqiao Global E-commerce Platform adopts a diversified development model that emphas

02024-10-097

Directly targeting the leading area, the first wholly foreign-owned insurance holding company in Chi
The 2024 Paris Olympics are highly anticipated, and behind each intense competition, there is an 'invisible hand' that holds up a protective umbrella for the Olympic athletes. As a global insu

02024-10-098

How to build the "1" of the Free Trade Zone Linkage Innovation Zone?
Beetles, Lamborghinis, Ferraris from the 1950s... In the supervised warehouse of Jiading Comprehensive Bonded Zone, 14 classic vintage cars were successfully cleared after completing this year's r

02024-10-099

Shanghai Free Trade Zone's "First Treasure House": Smooth the "Way Home" fo
Shanghai, October 2 (Xinhua) -- The First Treasure House of Shanghai Free Trade Zone: Smooth the Way Home for Overseas Cultural Relics and ArtworksChina News Service reporter Wang JiThe Shanghai Inter

02024-10-09337

Improve the level of market access facilitation and create a world-class business environment! Pudon
China Shanghai Pilot Free Trade Zone is the only official official account certified by the Shanghai Free Trade Zone Management Committee. Here, you can get the most authoritative, comprehensive and t

02024-10-099

Opening up to the outside world | Shanghai Free Trade Zone: "proofing" for high-level open
Since the founding of the People's Republic of China 75 years ago, China's foreign economic and trade have achieved leapfrog development and historic achievements. The scale of foreign trade h

02024-10-097

诞生众多“第一”,上海自贸区展现大胆闯大胆试自主改的光荣与梦想——听一颗“种子”破土而出的声音
China Shanghai Pilot Free Trade Zone is the only official official account certified by the Shanghai Free Trade Zone Management Committee. Here, you can get the most authoritative, comprehensive and t

02024-10-09237

On October 8th, the concept sector of ASEAN Free Trade Area rose by 9%
At 9:26 on October 8th, the ASEAN Free Trade Area Concept Index reported 1093.189 points, an increase of 9%, with a transaction volume of 196 million yuan and a turnover rate of 0.10%.Among the stocks

02024-10-094

Daily limit up radar: Chinese characters+diversified finance+Shanghai Free Trade Zone Aviation Indus
Today's trend: AVIC Industrial Finance (600705) hit the limit up board today, with the stock hitting the limit up 8 times in the past year.Reasons for the change revealed: 1. The company's mai

02024-10-098

Xinjiang: Providing high-quality judicial services and guarantees for the construction of free trade
On the morning of April 24, 2024, the Urumqi International Land Port Free Trade Zone Circuit Court of the Toutunhe District People's Court in Xinjiang struck the first hammer and held a public hea

02024-10-095