General

Recently, relevant officials from the Port Department of the Free Trade Zone of the Ministry of Commerce visited the Chongqing Pilot Free Trade Zone for on-site research. Among them, as the only free trade sector in China to establish free trade pilot zones in core business districts and central business districts, the Yuzhong sector has become one of the important windows showcasing the institutional innovation and open development of Chongqing's free trade pilot zone.

The relevant person in charge of the Yuzhong District Commission of Commerce introduced that since 2022, the Yuzhong sector has continuously deepened reform and innovation, activating and improving efficiency in six aspects: case promotion, field breakthroughs, platform cultivation, service leadership, subject growth, and active consumption. We have created a "diamond hexagonal" framework, transforming the "gold content" of the comprehensive development of the free trade pilot zone into the "high-quality" of reform and opening up, and the role of demonstration, guidance, and radiation in driving has become increasingly prominent, Gradually becoming a leading area for institutional innovation, a leading area for opening up to the outside world, and a model area for business environment in Chongqing and even the western region, paving the way for further exploration and improvement of quality and efficiency in the Chongqing Pilot Free Trade Zone.

Connect with the international market to enhance access and gather high-quality factor functions

In order to actively connect with high standards of international trade and economic and trade rules and improve market access, Yuzhong plate explores the convergence of international trade and economic rules such as RCEP in the direction of trade and investment, business environment, etc., further enhance the cohesion of capital, talent, technology and other elements, and enhance the ability to serve the national strategic situation such as the "the Belt and Road" construction.

In 2022, Yuzhong will support Duan He Duan Law Firm to innovate the full chain foreign-related legal service model of "Chinese lawyers leading+foreign legal advisers assisting", explore a breakthrough in the judicial system and procedures of the investment host country, and launch the first overseas investment project in Uzbekistan to increase capital with mining rights, further drive Chinese enterprises to carry out project investment in countries and regions along the "the Belt and Road", and effectively promote domestic and international double circulation.

In order to leverage the demonstration and driving role of platforms and parks, the Yuzhong section has built the first RCEP trade promotion center in the central and western regions, focusing on building platforms for RCEP information, international trade information, and international trade financial services, to assist small and medium-sized enterprises in exploring the international trade market; Introduce the first economic and trade cooperation platform between China and Southeast Asia in the western region - China (Chongqing) Southeast Asia Business Center, create a new platform for foreign economic, trade and cultural exchange and cooperation between Chengdu and Chongqing - the Chengdu Chongqing Foreign Chamber of Commerce Alliance, and promote the gathering of open entities such as international institutions, multinational enterprises, and foreign business associations; Build the first buyout game industry export hub in the western region - Chongqing Digital Culture Export Base and the largest foreign cultural trade hub in the southwest region - Chongqing Foreign Cultural Trade Base, to enhance cultural international influence.

At the same time, in response to the improvement of market access level, the Yuzhong sector has taken the lead in piloting the launch of the "Certificate and License Joint Office" in the city. With the standard of "only entering one door" and "running at most once", the traditional certificate and license serial approval has been optimized into an integrated mode of "one port acceptance and parallel approval", achieving both "access" and "approval" throughout the entire cycle.

According to Luo Hua, the head of the Registration Department of the Market Supervision and Administration Bureau of Yuzhong District, the "Certificate and License Joint Office" will jointly promote the handling of business licenses, food business licenses, drug business licenses, special equipment repair licenses, and other nine types of market supervision permits in the "new application change cancellation" stage, reducing the processing and approval time by more than 50%. As of the end of March this year, over 300 market entities have enjoyed the dividends of this reform, "said Luo Hua.

With the combination of multiple measures, Yuzhong has become a hub for the gathering of Chongqing's free trade resources and elements. It has not only added YSL China's largest single story boutique, LEGO Chongqing's first brand flagship store, Moutai Ice Cream Chongqing flagship store and other first brand stores, but also landed a number of iconic open projects such as World Ship King Maersk and Singapore International Arbitration Center Chongqing Committee, as well as a batch of new economic key projects such as Bainiang Yunjiu headquarters and Chayan Yuese Southwest headquarters.

Data shows that as of now, there are a total of 189 foreign investment market entities and 11420 new enterprises in the Yuzhong sector, accounting for 20% and 13.7% of the city's pilot free trade zones, respectively.

Deepening institutional integration and innovation, accelerating the development of modern industries

Adhering to institutional innovation is the core direction for the development of free trade pilot zones. Yuzhong has placed institutional integration innovation in a prominent position, focusing on characteristic industries such as finance, commerce, and professional services, and strengthening cross departmental, cross domain, and cross industry coordination. In line with the emerging new industries, models, and formats, Yuzhong has further improved the level of trade and investment liberalization and facilitation, and solved a number of industrial development bottlenecks and difficulties, Accumulated more experience that can be replicated and promoted throughout the city and even the country.

Among them, in order to improve and optimize the financial service ecosystem and efficiency, the Yuzhong District Court and China Construction Bank jointly created the first digital financial dispute bank enterprise litigation platform, strengthened the application of big data, blockchain and other technologies, and achieved intelligent, procedural, and batch full line closed-loop processing of digital financial disputes. The average processing time of cases was shortened to 7 days.

Liang Xiaofeng, the relevant person in charge of the Yuzhong District Court, stated that as of now, the platform has quickly concluded 4715 cases and stored over 1330 online certificates.

In addition, the Yuzhong sector has pioneered the "Huibaotong" exchange rate hedging new model nationwide, which effectively alleviates the pressure on small and medium-sized foreign trade enterprises to occupy derivative transaction margin funds. The cross-border financial settlement volume has exceeded 400 billion yuan, boosting the positive growth of international trade imports and exports of over 70% of small and medium-sized foreign trade enterprises in the area, effectively empowering the real economy.

In February this year, the Bank of Chongqing Chongqing Pilot Free Trade Zone Branch, the only financial institution in the free trade zone set up in the core business district and the Central Business District, opened its business in the Monument to the people's Liberation business district, which will provide more abundant resources and more distinctive financial services for open platform such as serving new land and sea channels in the west, China Singapore connectivity projects.

In order to promote the connection between imports and domestic demand and expand consumption, the Yuzhong sector has innovated the new business model of "bonded+physical new retail", creating the first core business district bonded display and trading center in the western region - the Land Sea New Channel International Consumption Center. By combining policy advantages such as bonded display, we connect the "Belt and Road" and purchase tens of thousands of high-quality goods from 23 countries around the world in one stop, And the highest single luxury goods bonded trade project in the city reached 598 million yuan.

In order to enable the development of the digital economy industry, Yuzhong District initiated the four in one digital economy intellectual property protection mechanism in the city, set up the city's first digital rights management blockchain service center, the city's first intellectual property protection judge studio and intellectual property protection prosecutor's office, and created a one-stop intelligent service platform of "blockchain+digital rights management" to provide full link and all-round services for digital rights management.

In 2022, the Yuzhong section was listed with 5 "best practice cases" for Chongqing's free trade, accounting for a quarter of the city's free trade pilot zones. At present, the Yuzhong sector has accumulated more than 30 institutional innovation achievements, 4 of which have been replicated and promoted nationwide, and 11 of which have been replicated and promoted throughout the city.

The relevant person in charge of the Yuzhong District Commission of Commerce stated that the start of the project is promising. The next step will be to meet the requirements of the Ministry of Commerce in promoting the implementation of the strategy of expanding, improving quality, and increasing efficiency in the free trade zone. We will continue to promote innovative and differentiated reform and exploration, deepen the new model of "bonded+physical retail", market entities "certificate and license joint handling", and carry out a new model of "bonded display+cross-border e-commerce" rapid delivery The new barter trade model is the first to try, striving for more pilot experience to be replicated and promoted, and accelerating the implementation of the first open demonstration projects in the central and western regions, such as the Tourbillon workshop, to strive to become a hexagonal omnipotent plate. At the same time, we will promote the construction of the Hualongqiao Pilot Free Trade Zone Linkage Innovation Zone, and enhance the construction of Chongqing's inland open highland.