Xinhua News Agency, Beijing, September 24 -

Topic: Beijing FTA inaugurated!

Highlights of the Four Keyword Interpretation Program

  Xinhua News Agency "Xinhua Viewpoint" reporter Ji Ning

  On September 24, the China (Beijing) Pilot Free Trade Zone was officially inaugurated.

The “China (Beijing) Pilot Free Trade Zone Overall Plan” issued by the State Council on the 21st proposes to help build a technological innovation center with global influence, accelerate the creation of a pioneer zone for the expansion of the service industry, a digital economy pilot zone, and strive to build Beijing-Tianjin-Hebei collaboration A developed high-level opening platform.

  What are the characteristics of Beijing Free Trade Zone?

What important impact will it have on urban and regional development?

Keyword 1: Promote technological innovation

  According to the overall plan, the implementation area of ​​the Beijing Free Trade Zone is 119.68 square kilometers, of which 31.85 square kilometers is a technological innovation area.

The science and technology innovation zone focuses on the development of a new generation of information technology, biology and health, science and technology services and other industries, and builds a digital economy pilot zone, a global venture capital center, and a pilot demonstration zone for technological system reform.

  In terms of promoting innovation-driven development, the overall plan proposes to explore and formulate hierarchical and classified talent attraction policies.

Pilot the quota management system for foreign talents, and explore the introduction model of recommended talents.

Explore tax policies that encourage technology transfer.

Give scientific research personnel the right to own or use long-term scientific and technological achievements, and explore a series of relevant measures for the formation of market-based empowerment, achievement evaluation, and income distribution systems.

  Beijing has intensive science and technology resources, numerous universities and research institutes, and has gathered more than 4,000 regional headquarters and R&D centers. The cumulative amount of venture capital is second only to Silicon Valley in the world. It has more than 40% of the country’s unicorn companies and is capable of building global influence. A good foundation for science and technology innovation centers.

  Yang Jinbai, deputy mayor of Beijing, said that the overall plan will strengthen the original innovation, technological innovation and openness through more than 20 measures in three aspects, including optimizing the whole-process service system for talents, strengthening the protection of intellectual property rights, and creating a world-class innovation and entrepreneurship ecosystem. Innovation, to make Beijing's contribution to building an innovative country and a world power in science and technology.

  Pang Chaoran, an associate researcher at the Research Institute of the Ministry of Commerce, believes that the Beijing Free Trade Zone policy has put forward specific measures in terms of promoting institutional innovation and promoting personnel mobility, which will promote enterprises to strengthen R&D investment, improve operational efficiency, and enhance overall competitiveness.

Keyword 2: Expanding the opening up of the service industry

  The opening of the service industry is one of the main characteristics of the Beijing Free Trade Zone. The overall plan puts forward clear requirements for accelerating the creation of a pioneering zone for expanding the service industry.

  Yang Jinbai said that in the next step, Beijing will play a role as a pilot free trade zone based on the national service industry expansion and opening comprehensive demonstration zone policy. Through the implementation of the overall plan, it will deepen the open innovation of the financial sector, meet the demand for high-quality cultural consumption, and optimize The development of more than 40 measures in three areas, including the development of aviation services, promotes the further opening of the service industry, and builds a high-standard national service industry to expand and open a comprehensive demonstration zone.

  It is reported that since Beijing launched a comprehensive pilot program for expanding the opening up of the service industry in 2015, it has successively launched 3 rounds of pilot programs, 403 pilot tasks, formed more than 120 nationally pioneered breakthrough policies or innovative institutional arrangements, and promoted 6 batches of 25 innovations Experience and case studies.

In 2019, the service industry accounted for 83.5% of Beijing's GDP, and Beijing's service trade accounted for about 20% of the country.

  At the end of August, the State Council formally approved the “Work Plan for Deepening Beijing’s New Round of Service Industry Expansion and Opening up Comprehensive Pilot and Building a National Service Industry Expansion and Opening up Comprehensive Demonstration Zone”, covering education, digital economy, finance and other fields, from key industry areas, key parks, Four dimensions including institutional system and element supply, 26 open innovation measures have been proposed.

  Li Jun, director of the Institute of International Trade in Services of the Ministry of Commerce, believes that the superposition of national policies will form a joint force to further increase the intensity of reforms and remove barriers and obstacles in the development process.

Keyword 3: Focus on the development of digital economy

  The digital economy will be one of the main features of the Beijing Free Trade Zone.

According to the overall plan, in terms of innovating the development environment of the digital economy, enhance the international competitiveness of digital trade, encourage the development of new formats and models of the digital economy, and explore the construction of an international information industry and digital trading port.

  Yang Jinbai said that Beijing is one of the most developed cities in the global information service industry, with a sound digital economy industrial ecology and a huge market application foundation.

In the next step, Beijing will focus on the development of digital economy and digital trade, step up efforts to decompose the pilot tasks in the overall plan including the digital economy field one by one, formulate implementation measures one by one, further clarify the timetable and roadmap, and create The internationally competitive information industry and digital trading port will make further efforts to advance rule exploration, innovate policy measures, break institutional bottlenecks, and lay a solid foundation for the development of the digital economy.

  Strengthening the development of the digital economy has been fully involved in different levels of pilots and planning programs:

  ——"Deepening Beijing's new round of service industry expansion and opening comprehensive pilot project to build a national service industry expansion and opening comprehensive demonstration zone work plan" proposed, based on the Zhongguancun Software Park, promote international mutual recognition of digital certificates, electronic signatures, etc., pilot data cross-border Flow, building an international information industry and digital trading port.

  ——Beijing has issued a number of policies to promote the development of the digital economy and set clear goals.

  The "Beijing Action Plan for Promoting the Innovation and Development of the Digital Economy (2020-2022)" proposes that the level of development of the digital economy will continue to improve, and it will become a pilot area and demonstration area for the development of the national digital economy.

By 2022, the added value of the digital economy will account for 55% of regional GDP.

  The "Implementation Plan for the Establishment of Beijing International Big Data Exchange" planned and designed the construction content of Beijing's big data transaction infrastructure.

  "Beijing's Implementation Plan on Building a Digital Trade Pilot Zone" proposes to attract the landing of high-end industries in the digital field, promote the continuous gathering of leading digital companies and outstanding talents, and build Beijing into a digital economy and digital trade pilot zone with global influence.

Keyword 4: Deepen financial opening and innovation

  The overall plan proposes to deepen the opening and innovation of the financial sector, and proposes specific measures in terms of expanding the opening of the financial sector, promoting financial technology innovation, and strengthening financial services to the real economy: such as launching a pilot program for the integration of domestic and foreign currencies.

Banks in the region are allowed to issue overseas RMB loans for the RMB bank settlement accounts (NRA accounts) of foreign institutions, research and promote the integration of domestic securities investment channels for foreign institutional investors, and research and promote foreign investors to use one NRA account to handle domestic securities investment matters.

  In the "Deepening Beijing's New Round of Service Industry Expansion and Opening up Comprehensive Pilot Program to Build a National Service Industry Expansion and Opening up Comprehensive Demonstration Zone", the reform and innovation of the financial service sector account for a high proportion, especially in terms of foreign capital market access, In terms of facilitation of international capital flows, many initiatives have taken the lead in the country.

  At present, there are more than 800 licensed legal person financial institutions in Beijing, and more than 300 foreign-funded financial institutions (including branches and representative offices).

Beijing is the location of the national financial management department, the headquarters of large financial institutions, various industry financial associations and important financial infrastructure.

  Pang Chaoran said that the implementation of policies to promote financial opening in the Beijing Free Trade Zone will help promote the domestic financial management system in line with international standards, and on the other hand, it will also help stimulate the vitality of domestic financial institutions and better serve the development of the real economy.