China News Service, Beijing, September 3 (Reporter Liu Liang) The Ministry of Commerce of China introduced on the 3rd that in order to promote the construction of a pilot free trade zone, in terms of futures trading, China will propose to further enrich the varieties of commodity futures and accelerate the introduction of foreign traders to participate in futures. Trading, and improve the regulatory policies for futures bonded delivery.

  Recently, China officially issued the "Measures for Promoting the Reform and Innovation of Trade and Investment Facilitation in Pilot Free Trade Zones" (hereinafter referred to as "Measures") to give pilot free trade zones greater reform autonomy in trade and investment facilitation.

  At the regular policy briefing on the day, Wang Shouwen, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, introduced several major features of the "Several Measures."

  One is to enhance trade convenience.

For example, it supports the cultivation of import trade promotion innovation demonstration zones where the pilot free trade zone is located; releases the potential of new trade methods, supports the development of offshore trade in the pilot free trade zone; promotes the "two ends abroad" bonded maintenance business, and supports enterprises in the pilot free trade zone in accordance with comprehensive insurance District maintenance product catalog to carry out bonded maintenance business, etc.

  The second is to improve investment convenience.

Increase the opening up to Hong Kong and Macao investment, and delegate the approval authority for Hong Kong and Macao service providers to invest in the establishment of travel agencies in the pilot free trade zone from the provincial tourism authority to the pilot free trade zone.

Liberalize the legal inspection of internationally registered ships; implement industrial chain land supply in the pilot free trade zone, and implement overall supply of key links in the industrial chain and multiple lands involved in core projects.

  The third is to enhance the convenience of international logistics.

Promote the construction of open channels, support the use of the fifth freedom rights by international airports in cities where the pilot free trade zone is located, and allow foreign airlines to carry passenger and cargo services from the city to third countries on the basis of equality and mutual benefit.

Support the pilot free trade zone to reform the "one-to-order system" of multimodal transport.

  The fourth is to enhance the convenience of financial services to the real economy.

In terms of futures trading, it is proposed to further enrich the varieties of commodity futures, speed up the introduction of overseas traders to participate in futures trading, and improve the supervision policies for futures bonded delivery.

Carry out a pilot project of a bank account system that integrates domestic and foreign currencies.

Promote pilot projects for facilitation of foreign debts of financial leasing companies.

Exploring the model of intellectual property securitization in qualified pilot free trade zones.

  The fifth is to explore the protection function of the judicial system for the convenience of trade and investment.

Explore the function of giving multimodal transport documents to documents, accumulate experience through judicial practice, provide support for improving relevant domestic legislation, and promote the resolution of railway air way documents at the level of international regulations.

  He said that in the future, China will push the relevant parties to complete the specific opinions, methods, rules, and program reform measures that need to be formulated in the "Several Measures" to ensure that these measures are effectively implemented and effective. (over)