The Tenth Anniversary of Free Trade Pilot Zones in China:Fundamental Experiences and Enhancement Strategies

Since the 18th National Congress of the Communist Party of China,the country has established 21 Free Trade Pilot Zones(FTZs),achieving significant pioneering results in reform and opening up and creating a strong demonstrative effect nationwide.The basic experience from a decade of FTZs includes:adhering to the centralized and unified leadership of the CPC Central Committee;combining top-level design with encouragement of grassroots innovation;leveraging the distinct characteristics and strengths of FTZs to form a differentiated development pattern;maintaining the integration of opening up with domestic reforms;using openness to drive reforms;and organically combining openness with national security assurance.Under the current and future new circumstances,China’s FTZs face new challenges and tasks.In accordance with the directives of the 20th National Congress of the Communist Party of China,an enhancement strategy for the FTZs needs to be implemented.This involves the following:First,accurately understanding and responding to the changing situation to create strategic opportunities.Second,shifting paradigms to implement innovation-driven strategies,using the new development pattern concept to guide the reform experiments and construction of the FTZs.Third,granting more autonomy to FTZs for reforms,pursuing progress while maintaining stability,and solidly advancing the reform experiments in the FTZs.Fourth,orderly expanding the opening up of the service sector and cautiously advancing the internationalization of the renminbi.Fifth,promoting innovative development in trade to build a strong trade nation.Sixth,establishing synergy with bilateral FTZs,Belt and Road cooperation,and national diplomatic strategies to enhance the linkage effect.

A Comprehensive Bibliometric Analysis of China’s Free Trade Zones:Status and Evolutionary Trends

The China free trade zone,crucial for advancing a new open economy,has gained significant attention lately.We analyzed 885 papers from Peking University Core and CSSCI journals(2012-2023)using CiteSpace for visualization.Our research results indicate that the literature on China’s free trade zone peaked with 171 articles in 2015,and gradually returned to an average of 45 articles per year.The main research focuses in this field include“institutional innovation”,“negative list”,“financial innovation”,“financial openness”,“opening up to the outside world”,and“economic growth”.In addition,cutting-edge analysis indicates that“dual circulation”and“blockchain”are future research trends.The main authors of the literature include Yang Bin,Zhu Xiaolin,Yuan Bo,Li Meng,Zhao Liang,and others.Their affiliated institutions,research institutes,and universities have not yet formed a clear core circle of authors;The top three research institutions with the highest number of publications are the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce,Kaiyuan Law School of Shanghai Jiao Tong University,and the Comprehensive Research Institute of the Free Trade Zone of Sun Yatsen University.This article delves into the current hot topics and progress in the research of China’s free trade zones,providing important references and inspirations for future scholars in this field.

Achievements and Problems of Reform of Investment Management System for Shanghai Pilot Free Trade Zone

The establishment of Shanghai Pilot Free Trade Zone provides many possibilities for China's economic construction. This paper made a comparative analysis on investment management system of Shanghai Pilot Free Trade Zone and traditional investment management system,discussed achievements and problems of reform of investment management system of Shanghai Pilot Free Trade Zone,and finally came up with pertinent policy recommendations.

Position and Roles of Shipping Culture in the Construction of Shanghai Free Trade Zone

The roles of shipping culture were introduced firstly,and then the development situation of Shanghai Free Trade Zone was analyzed. Finally,the ration between shipping culture and the construction of Shanghai Free Trade Zone was discussed to provide reference for the development of Shanghai Free Trade Zone.

Hainan Island to Construct Free Trade Pilot Zones

In April of 1988,the establishment of Hainan Province was officially approved at the first session of the 7th National People’s Congress and Hainan Island was designated as a special economic zone.Since then,the beautiful Hainan Island has embraced unprecedented development opportunities and entered into a new historical stage of deepening reform and opening up economically.By virtue of continuous efforts throughout the past 30 years,Hainan has turned into an important portal for China’s reform and opening up as a frontier island.

TPFTZ(Tianjin Port Free Trade Zone)——A New Pattern of China's Openning to the Outside World

Under the guidance of Deng Xiao-ping’s strategic think-ing of openning to the outside world, the structure of om-nibearing openness has basically taken shape in China. Follow-

Pilot Free Trade Zones:Taking Reform and Opening-up to New Heights

CONSTRUCTION of Pilot Free Trade Zones(PFTZs)is a strategic measure of China’s reform and opening-up policy.Since the 18th National Congress of the Communist Party of China(CPC),it has taken the policy’s effectiveness to new heights.

China Accelerates Free Trade Zone Establishment

The Opinions on Acceleration of Implementation of Free Trade Zone Strategy,which was issued by the State Council in the end of 2015,clearly proposed the establishment of high standard global FTA(free trade zone)network that is based on surrounding countries regions and covers the'Belt and Road'region.As of now,China has signed 14 FTA agreements with 22 countries and regions,including ASEAN(Association of Southeast

Shanghai free trade zone ＂2＂ version of the competitive strategy analysis

Shanghai free trade area from 28.78 square kilometers expanded to 120.72 square kilometers, the space has expanded to 4 times the original. But in the second, it is more important to achieve the functional area. New self trade test area covers the Lujiazui financial and Trade Zone, Jinqiao Economic and Technological Development Zone, Zhangiiang High Tech Park and comprehensive free trade zone, the state-level development zone has formed a respective unique function and mature operation mode, expanding area, the area co reform, the development of dislocation. In the special regulatory region, actively learn from international practice, to further intensify reform efforts, especially to explore the construction of offshore financing to adapt to the development of offshore trade environment, to become the highest degree of openness in the region. ＂The expansion of the Shanghai free trade zone will help to test the innovation of different industrial types in a wider range.＂

Shanghai Free Trade Zone Within The Enterprise Capital Operating Condition Research

Development of Shanghai Free Trade Zone, pushing up the logistics support industrial transformation and upgrading, boosting the overall domestic demand for modem logistics services. In this paper, trade logistics company, for example, through the report analyzes the main indicators of change in company focus on capital before and after the Shanghai Free Trade Zone, it analyze the impact and significance of argumentation Shanghai Free-Trade Zone for logistics and warehousing industry in the region, hoping to fund operations management who inspire.

Free Trade Zones: An Alternative Route to Enter China

China＇s first free trade zone （FTZ） was la unched in Shanghai in 2013 as part of the city＇s plans to transform itself into a global financial center. The Shanghai FTZ was seen as an important breakthrough to promote wider and deeper economic development and financial reforms in China. Since then, three more FTLs have been established in Fujian, Guangdong and Tianjin. Ultimately,

Does the Establishment of Pilot Free Trade Zones Improve the Efficiency of Financial Services for the Real Economy?Empirical Evidence from Four Pilot Free Trade Zones in Shanghai,Tianjin,Guangdong,and Fujian

In the process of the high-quality transformation and development of China's economy,one of the issues that needs to be resolved is how to strengthen the ability of finance to serve the real economy and improve the efficiency of financial operations.Pilot Free Trade Zones(PFTZs),highlands of institutional innovation,have played the role of a natural testing ground for China to deepen its financial supply-side reform and improve the efficiency of financial services in the real economy.On that premise,this paper discusses the policy effects and transmission channels for the financial reform of PFTZs to improve the efficiency of financial services in the real economy within China.The findings of the papar are the followings,(1)The reform of PFTZsshas significantly improved the efficiency offinance in the real economy,having even achieved a sustainable effect.That is to say,with the extension of gment This work wasthe duration of free trade zone constructionand the gradual implementation of financialreform measures,the regional impactof financial services in the real economyhas shown a year-on-year upward trend.(2)The effects of financial agglomeration,financial transparency,and optimizationof financial infrastructure produced by thereform of PFTZs have played a significantregulatory role in the process of improvingthe efficiency of financial services in thefree trade zones.(3)The effect of China'sfinancial reform on PFTZs has fosterednoticeable regional diversity;an importantreason for the diversity of policy effectrests with the difference in transmissionmechanisms.The conclusions of this paper expand the research dimension of theliterature evaluating the effect of policy onPFTZs,and provide policy references fromthe perspective of financial reform in thefree trade zones for China to further deepenfinancial supply-side reform and improvethe efficiency of financial services in the realeconomy.

Review of Managing the Risks of Offshore Banking and Its Implications for the China(Shanghai) Pilot Free Trade Zone

As more and more Chinese and foreign-funded banks settle in the China(Shanghai) Pilot Free Trade Zone(CSPFTZ), it has become an imperative to enhance risk management of offshore banking. At the international level, the regulatory effort for offshore banking mainly focuses on tax evasion and money laundering.Existing regulatory frameworks have established standards to identify countries providing facilities for money laundering and developed punitive measures. In terms of strategy, it is suggested that, firstly, relevant regulatory measures should be improved in the short term, and it is necessary to define the scope of offshore banking and regulatory measures for Chinese banks and foreign-funded banks under a suitable legal framework. Secondly,it is necessary to establish risk exposure mechanism and risk evaluation system for the offshore banking in the CSPFTZ, while risk management measures are implemented based on on-site supervision. Thirdly, in the medium and long term, it is necessary to enhance management of potential risks which can be created by offshore banking due to deregulation. Fourthly, on the one hand, specific regulations should be formulated to provide a regulatory basis for taxation; on the other hand, tax informational exchange agreements(TIEAs) may be used as a reference for achieving effective tax regulation.

The Construction of Shanghai Pilot Free Trade Zone and the Interest Rate Liberalization in China

It is of practical significance to study how to fully play the promoting effect of Shanghai Free Trade Zone(SFTZ) on China's marketization of interest rate after setting up SFTZ. In terms of interest parity theory,this article tries to divide the process of China's marketization of interest rate into different stages and conduct in-depth study of the formation mechanism of interest rate of each stage from the perspective of capital flow. The results show that marketization of interest rate is a system project. It can be divided into three stages: official interest rate supplemented market, two-track system and integration, according to the progress of marketization of interest rate, and the formation mechanism of interest rate of each stage varies. Free trade zone is a domestic and international hub for capital flow. The condition of capital flow influences capital supply, thus affecting the formation mechanism of interest rate domestically in free trade zone and promoting the progress of China's marketization of interest rate. Marketization of interest rate, capital account liberalization, internationalization of RMB, and construction of international financial center are the supplementary, inseparable and transitional process. Therefore, the promoting effect of SFTZ on the marketization of interest rate, the capital account liberalization, the internationalization of RMB and the construction of international financial center should be made full use of. Finally, on the basis of it, this study explores hardships that China's marketization of interest rate faces after the foundation of SFTZ and puts forward corresponding policy suggestion.

国际自贸区新实践、新规则与我国自贸试验区高质量发展

中国自贸试验区建设已历十载,综合比较国际自贸区发展的理论与实践创新,认真研究和落实国际经贸规则对自贸区建设的相关要求,对推动我国自贸试验区建设高质量发展意义重大。文章首先对国际自贸区研究的学术文献脉络进行了简要梳理,随后总结归纳了国际主要自贸区的最新实践,阐明了国际经贸规则的创新演变。指出当前我国自贸试验区总体上偏重于贸易便利化框架下的制度改革,与投资便利化相关领域的制度创新需要进一步加强,政府采购制度需要进一步深化改革,未来发展战略需要进一步明确等问题。并提出从投资者视角调校自贸试验区建设方向、从可持续发展和新产业技术革命趋势要求出发促进我国自贸试验区(港)高质量发展的思路和政策建议。

以制度型开放创新为核心 高标准高质量推进中国(新疆)自贸试验区建设

在我国自贸试验区建设十周年之际,2023年10月国务院印发了《中国(新疆)自由贸易试验区总体方案》,正式批准设立中国(新疆)自由贸易试验区,使新疆成为我国第22个自贸试验区,也是我国西北边境地区首个自贸试验区。文章深入研究分析了新疆自贸试验区设立的重大意义,并就自贸试验区在拉动我国经济增长和实现高质量发展中的作用,制度创新在自贸试验区打造一流营商环境、提升现代产业国际竞争力等方面所发挥的作用和影响,以及制度型开放创新与逆全球化背景下深入实施自贸试验区提升战略的关系等问题进行了全面分析与思考。在此基础上,就如何以高水平开放为引领,以制度创新为核心,高标准高质量建设新疆自贸试验区提出了思路与对策建议。

自由贸易试验区助力新质生产力形成的机理与策略分析

高水平对外开放是加快发展新质生产力和构建新发展格局的强大外部动力。自由贸易试验区建设作为推进高水平对外开放的重要举措,是以改革开放创设良好国际环境的开路先锋,是以制度型开放发展新质生产力的先导示范。文章通过分析自由贸易试验区助力新质生产力形成的机理发现,自由贸易试验区作为改革开放的新高地,契合新质生产力高水平对外开放、科技创新、产业升级和绿色发展的理念和定位。为进一步发挥自由贸易试验区对新质生产力的先行驱动作用,未来应从单一自由贸易试验区、区域跨自由贸易试验区、自由贸易试验区与自由贸易区的视角出发,聚焦自由贸易试验区特色产业,布局创新链和产业链,构建新质生产力所需产业体系;推进区域多个自由贸易试验区合作,促进科技协同创新,打造战略性新兴产业集群;加强自由贸易试验区与自由贸易区的协同联动,主动融入区域经济一体化的创新链和产业链,为新质生产力发展营造良好的国际环境。

自贸区设立何以赋能经济高质量发展——基于贸易、投资与创新的视角

自贸区是国内国际双循环背景下新一轮改革开放的“试验田”,其带来的制度创新与全方位改革对于驱动经济高质量发展具有重要意义。基于2000—2021年省级面板数据,借助自由贸易试验区设立这一准自然实验情景,系统考察自贸区设立对经济高质量发展的影响。研究发现:自贸区设立显著促进了经济高质量发展,这一结论经稳健性检验后依旧成立。从作用机制来看,自贸区设立通过贸易效应、投资效应及创新效应三条内在路径影响经济高质量发展。异质性分析发现,自贸区建设引致的经济高质量发展效应在不同设立批次、区位特征省份间存在异质性,且对设立批次早、内陆地区省份产生明显偏好。拓展性分析发现,自贸区建设通过空间溢出效应推动邻近地区经济高质量发展。研究结论在理论上为经济高质量发展新路径探索提供了全新视角,实践上为自贸区持续深化改革创新、推进更高水平对外开放提供了经验证据。

跨境服务贸易制度型开放:趋势、特征与策略

跨境服务贸易制度型开放的核心是立足中国实际,建立健全与国际高标准经贸规则相衔接的服务业开放制度体系,通过持续深化规则、规制、管理和标准的开放,提升服务贸易自由化和便利化水平。当前,我国以梯度开放为特征的跨境服务贸易自主开放实践,为服务业高质量发展提供了可预期的制度供给。然而,服务贸易高水平对外开放的规制需求、市场准入模式的国际差异以及日益严峻的外部环境,对我国跨境服务贸易制度型开放构成诸多挑战。需强化风险意识,结合改革经验和地方需求,顺应服务贸易数字化转型趋势,聚焦新一代国际服务贸易规则关键议题,关注服务贸易数字化趋势,持续加大现代服务业开放压力测试,提高国内监管透明度和可预期性;不断优化服务贸易开放谈判模式,有序推进跨境服务贸易高水平对外开放;善用国际舆论与法律工具,营造跨境服务贸易发展的良性制度环境。

整体谋划和系统集成中国(新疆)自贸试验区的制度创新研究

党中央深远谋划和战略部署中国(新疆)自由贸易试验区,并赋予其更高水平开放的历史机遇。自贸试验区在构建新发展格局中的重要地位和作用无可替代。落实好重要战略举措,必须坚持聚焦使命、强化战略意识、深化创新突破,高标准高质量推进自贸试验区和联动发展区以构建新疆开放型经济新格局为重点加快发展。聚焦战略定位及发展目标,强化以制度创新为核心的责任意识,全面深化新时代经济工作的规律性认识,认真落实自贸试验区总体方案确定的目标任务;加快提高“数字政府”建设及运行效能,推进数字化“新动能”快速聚集;促进自贸试验区数字经济创新发展,聚力在战略性、全局性关键问题上实现突破;促进自贸试验区更高质量更高水平的对外开放;深化金融服务和开放创新,强化金融服务自贸试验区的功能。聚焦主要任务和措施,深化内外贸易一体化发展的制度创新,全力以赴推进贸易便利化和外贸新业态新模式的培育,重视RCEP框架下的自贸试验区建设与对外贸易发展,深度拓展海外市场;坚持推动全产业链和对外贸易的创新发展,高质量建设“八大产业集群”,加快培育和大力发展新质生产力;充分发挥国家级棉花棉纱交易中心优势,加快棉产业聚集,培育壮大新疆特色优势产业;持续拓展国际合作与产业融合发展的深度和广度,确保自贸试验区高质量建设行稳致远。