The overall plan of China (Beijing) Pilot Free Trade Zone is clear. The implementation scope of the Pilot Free Trade Zone is 1 19.68 square kilometers, covering 3 1.85 square kilometers of science and technology innovation zone, 48.34 square kilometers of international business service zone (including 5.466 square kilometers of Beijing Tianzhu Comprehensive Bonded Zone) and 39.49 square kilometers of high-end industrial zone. ?
In terms of policy measures, Beijing Free Trade Zone will support the establishment of private banks that focus on supporting the development of cultural and creative industries, and explore giving Zhongguancun technology enterprises more cross-border financial options; Support digital currency Research Institute of China People's Bank to set up a financial science and technology center, and build a legal digital currency experimental zone and a digital financial system. ?
The plan also pointed out that it is necessary to explore the construction of a safe and convenient dedicated channel for Internet data, formulate rules in key areas such as information technology security, data privacy protection, and cross-border data flow, and explore the construction of an international information industry and a digital trading port; Encourage moderate competition and improve the relevant policies of duty-free shops; Encourage the return of overseas cultural relics, actively study and adjust the current import tax policy, and give further support; Promote the joint development of Beijing Capital International Airport and Beijing Daxing International Airport to build a world-class aviation hub. ?
Since the service trade fair, Beijing has successively introduced a number of heavy measures to expand and open up, and what opportunities will Beijing usher in with the blessing of the Beijing Free Trade Zone? What specific benefits will the above policies and measures bring to Beijing? Where are these three new districts likely to be located? A reporter from 2 1 will take you through the overall plan one by one. ?
Where are the three major implementation areas? ?
The implementation scope of the Pilot Free Trade Zone is 1 19.68 square kilometers, covering 3 1.85 square kilometers of science and technology innovation zone, 48.34 square kilometers of international business service zone (including 5.466 square kilometers of Beijing Tianzhu Comprehensive Bonded Zone) and 39.49 square kilometers of high-end industrial zone. ?
The development and utilization of the Pilot Free Trade Zone must comply with the relevant laws and regulations on land use, ecological environment protection and planning, the national spatial planning, and the relevant requirements for saving and intensive land use. ?
In terms of functional division, 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 pioneering demonstration zone for scientific and technological system reform; The international business service area will focus on developing industries such as digital trade, cultural trade, business exhibition, medical and health care, international delivery logistics, cross-border finance, etc., and build a demonstration zone for airport economic innovation; The high-end industrial zone will focus on the development of business services, international finance, cultural creativity, biotechnology and big health industries, and create a place for the transformation of scientific and technological achievements, a gathering place for strategic emerging industries and a gathering place for international high-end functional institutions. ?
Interpretation: Different from other free trade zones, the location of the three major zones in Beijing Free Trade Zone is not clear, but we can get a glimpse from the functional orientation and the recently established Beijing Digital Trade Experimental Zone. ?
For example, the Beijing Digital Trade Pilot Zone will be based on the Zhongguancun Software Park National Digital Service Export Base, Chaoyang Jinzhan International Cooperation Service Area and Daxing Airport Area of the Free Trade Zone. ?
Li Jun, dean of the International Service Trade Research Institute of the Ministry of Commerce, told 2 1 Century Business Herald that Beijing chose the above three places as its foothold because they have their own advantages. Among them, Zhongguancun software information service industry is developed and enterprise concentration is high; Chaoyang Jinzhan District is close to the embassy district and has great potential in foreign-related service trade cooperation. Daxing District of Free Trade Zone is close to the airport, which is convenient for the development of cross-border e-commerce and other formats. He believes that the three areas of the digital trade pilot zone are independently explored by Beijing, while the free trade zone is authorized by the State Council, but the former may overlap with the latter in content. ?
2 1 it is predicted that FTZ science and technology innovation zone may be concentrated in Zhongguancun area. As one of the first national digital service export bases, Zhongguancun Software Park has gathered 726 domestic and foreign high-tech enterprises such as Netease and Baidu. ?
International business service areas can be concentrated in the Capital International Airport, Tianzhu Comprehensive Bonded Zone and Jinzhan International Cooperation Service Area, which is close to the Capital Airport and the Fourth Embassy District. Zhu Sheng, deputy head of Chaoyang District, said recently that Chaoyang District will focus on service trade and digital trade, build a special supervision area and form a new highland for opening to the outside world. Jinzhan District, where Beijing's Fourth Embassy District is located, will become the second "Sanlitun" in the future, and Jinzhan International Cooperation Service Area will build tax rebates in the future. It will also introduce high-level international schools and establish a more complete international education system. ?
High-end industrial zones may be concentrated in Daxing Airport and Yizhuang in Cheng Nan. For example, the relevant person in charge of the bonded area of Daxing Airport recently made it clear that in the future, an innovative global digital trade demonstration port and China digital trade leading base will be built, digital services and digital trade such as cross-border e-commerce, digital medical care and smart logistics will be developed, and a global cross-border e-commerce rules system will be built in the fields of cross-border financial services, electronic authentication and online consumer rights protection. ?
Establish private banks that focus on supporting cultural and creative industries?
The plan points out that the financial industry will be opened wider. Piloting the integration of local and foreign currencies. Allow banks in the region to issue overseas RMB loans for RMB bank settlement accounts (NRA accounts) of overseas institutions, study and promote the integration of domestic securities investment channels of foreign institutional investors, and study and promote foreign investors to use NRA accounts to handle domestic securities investment matters. Allow more foreign banks to obtain the qualification of securities investment fund custody. Support the establishment of private banks that focus on supporting the development of cultural and creative industries. Encourage qualified Chinese banks to carry out cross-border financial services and support the demand for cross-border financial services with real trade background. Promote the facilitation of cross-border RMB business and foreign exchange business in key industries. Explore giving Zhongguancun science and technology innovation enterprises more cross-border financial options, independently decide the way, amount and timing of cross-border financing under the macro-prudential framework, innovate the management methods of foreign debts of enterprises, and gradually realize the full convertibility of foreign debts of non-financial enterprises in Zhongguancun National Independent Innovation Demonstration Zone. Support the establishment of domestic and foreign private placement parallel funds through marketization according to law. Facilitate qualified private equity and asset management institutions to conduct overseas investment. Support multinational companies to set up financial companies in compliance with laws and regulations by setting up qualified investment companies in China. We will carry out a pilot project of one-time registration of foreign debts of enterprises in the region, and will no longer register one by one. ?
Interpretation: In recent years, the financing of domestic cultural and creative industries has continued to decline, and the lack of money and financing difficulties have become the norm of cultural and creative industries. According to CVSource's investment data, the amount of financing in the cultural and media industries in 20 18 was 6 16, which was 16% lower than that in 20 19, and continued to decline in 2019. ?
Behind the "cold winter" of investment in cultural and creative industries, there are also signs that venture capital is accelerating to concentrate on industry unicorns. Pan-entertainment industries such as online movies, short videos, knowledge payment, secondary animation, education and sports have attracted much attention from the investment community. The establishment of private banks to support the development of cultural and creative industries is undoubtedly a new and important measure to increase the development of cultural and creative industries from the financial field. ?
In 20 19, as a national cultural center, the income of cultural industries above designated size in Beijing was nearly10.3 trillion yuan, and the added value of industries accounted for nearly 10% of Beijing's GDP, ranking first in the country. On the whole, the added value of Beijing's cultural and creative industries reached 357.05 billion yuan in 20 16, accounting for 14.3% of the city's GDP. In recent years, Beijing has issued a total of 83 cultural and economic policies, which has built the institutional support for the high-quality development of cultural industries. ?
At the recent service trade fair, Beijing issued "Policy 18" ("Several Measures on Accelerating the High-quality Development of the Core Area of the National Cultural Industry Innovation Experimental Zone") to promote the landing of the physical projects of the National Cultural and Creative Experimental Zone, promote the construction of the CBD Cultural Center and the International Cultural Center of the National Cultural and Creative Experimental Zone, and create new cultural landmarks; Vigorously support social forces to set up libraries, museums, art galleries, cinemas, physical bookstores and public reading spaces; We will implement the "Hundred Cultural Elites" program, introduce and identify 65.438 million "cultural elites" every year for five consecutive years, and provide support and guarantee in key areas such as entrepreneurship, housing security, medical services and children's education. ?
Building a legal digital currency experimental area?
The plan points out that financial technology innovation will be promoted. Focus on payment and settlement, registration and custody, credit rating, asset trading, data management and other links, support the landing of major financial technology projects, and support the improvement of financial infrastructure services through scientific and technological means. Give full play to the role of the pilot mechanism of financial science and technology innovation supervision, and steadily carry out financial science and technology innovation on the premise of serving the real economy, controlling risks and fully protecting the legitimate rights and interests of consumers. ?
It is worth noting that the Proposal clearly points out that it supports the digital currency Research Institute of the People's Bank of China to set up a financial technology center, build a legal digital currency experimental zone and a digital financial system, form a trade finance blockchain standard system based on the trade finance blockchain platform of the People's Bank of China, and strengthen regulatory innovation. Construction of financial technology application scenario test area, the establishment of application scenario release mechanism. ?
Interpretation: On September 9th, the People's Bank of China published an article entitled "New Opportunities for Legal digital currency Development in China" in China FinanceNo. 17, saying that the People's Bank of China began to study legal digital currency in 20 14, and the digital currency Institute of China People's Bank was formally established in 20 17. By April, 2020, the number of patent applications for digital currency and its related contents submitted by the central bank was 22, 65 and 43 respectively, covering the whole process of distribution, circulation and application in digital currency, forming a complete industrial chain, having completed technical reserves and meeting landing requirements. ?
The so-called digital currency is digital cash. Digital currency has the same circulation and payment functions as paper money, but it also has controllable anonymity and investment and financing functions. Compared with electronic payment such as Alipay and WeChat, digital currency can receive and pay without Internet connection and signal. At the same time, if the equipment allows, the payee can't refuse digital currency without reason. ?
Recently, the Ministry of Commerce issued the "Overall Plan for Comprehensively Deepening the Innovation and Development of Service Trade", which mentioned that digital RMB should be piloted in pilot areas with conditions in Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area and the central and western regions. ?
In the recent service trade fair, digital currency has also become a high-frequency word. For example, on September 6th, at the 2020 China International Finance Annual Forum, Yin Yong, member of the Standing Committee of Beijing Municipal Committee and vice mayor, said that it is necessary to give full play to the dual advantages of Beijing Science and Technology Innovation Center and National Financial Management Center, highlight the digital economy, digital finance, regulatory technology and other key points, carry out in-depth financial technology supervision sandbox pilot, and use scenes such as the Winter Olympics to try first in frontier areas such as digital currency, and strive to achieve a leading breakthrough. ?
Just the day before, Zhao Lei, the mayor of Tongzhou District, also talked about digital currency at the 2020 Global Wealth Management Forum. He pointed out that in April this year, the Beijing Financial Services Leading Group issued the "Work Plan on Building an International Wealth Management Center in the Sub-center of the City" by Document No.1, clearly positioning the sub-center as a "global wealth gathering place and a wealth management center with international influence", and will pilot 27 reform tasks in the frontier areas of wealth management in the sub-center, such as new financial licenses, legal digital currency and tax deferral of asset management products. ?
According to industry analysis, there should be three stages before the actual launch of digital currency: comprehensive testing, trial operation and formal operation. Considering that digital currency is the comprehensive digitalization of the next generation of RMB, which has far-reaching influence, the central bank should be cautious in launching digital currency. In response to the launch of digital currency, the central bank revealed the following progress: At present, the research and development of digital RMB follows the principles of stability, security, controllability, innovation and practicality, and internal closed pilot tests are conducted in Shenzhen, Suzhou, Xiong 'an, Chengdu and future Winter Olympics scenarios to test theoretical reliability, system stability, functional availability, process convenience, scenario applicability and risk controllability. Regarding when it will be officially launched, the central bank has repeatedly stressed that there is no timetable yet. ?
Explore the construction of an international information industry and a digital trading port? ?
The plan points out that Beijing should enhance the international competitiveness of digital trade. Benchmark the international advanced level, explore the development law of digital trade in line with national conditions, strengthen cross-border data protection supervision and cooperation, and promote international mutual recognition of digital certificates and electronic signatures. Explore the formulation of rules in key areas such as information technology security, data privacy protection, and cross-border data flow. Explore the establishment of transaction standards such as data confirmation, data assets and data services, and service systems such as pricing, settlement and quality certification for data transaction circulation, and standardize transaction behavior. Explore the development of digital trade statistics monitoring. ?
At the same time, encourage the development of new formats and new models of digital economy. Accelerate the construction of a new generation of information infrastructure and explore the construction of a safe and convenient dedicated channel for Internet data. Apply digital technology systems such as blockchain to standardize the implementation of cross-border trade, legal compliance and technical standards, and ensure paperless, dynamic and standardized multilateral cooperation in cross-border trade. Relying on the application of blockchain technology, we will integrate the information and credit data of high-tech manufacturing enterprises to create an efficient and convenient customs clearance model. Explore the establishment of a regulatory mechanism that allows relevant institutions to test new products and new businesses within a controllable range. ?
In addition, explore the construction of an international information industry and a digital trading port. Under the premise of controllable risks, we should try first in software real-name authentication, data origin label identification, data product import and export and so on. Build a digital copyright trading platform to promote the development of intellectual property protection and intellectual property financing business. Efficient and convenient digital import and export inspection of software and Internet service trade. Actively explore the third-party authentication mechanism for enterprise data protection capabilities. Explore the establishment of a website filing system that meets the needs of overseas customers. ?
Interpretation: the State Council recently approved the "Work Plan for Deepening the New Round of Comprehensive Pilot Project of Expanding and Opening up the Service Industry in Beijing and Building a Comprehensive Demonstration Zone for Expanding and Opening up the National Service Industry", demanding that Zhongguancun Software Park be used as the basis to promote the international mutual recognition of digital certificates and electronic signatures, pilot the cross-border flow of data, and build an international information industry and a digital trading port. ?
The plan also revealed that Beijing will open domestic Internet virtual private network services to foreign investors (the proportion of foreign-funded shares shall not exceed 50%), and attract overseas telecom operators to provide domestic Internet virtual private network services to foreign-invested enterprises in Beijing through the establishment of joint ventures. Support the development of car networking (intelligent networked cars) and autopilot map applications, and build a Beijing-Shanghai car networking expressway. Explore the establishment of a website filing system that meets the needs of overseas customers. ?
In terms of data cross-border flow, Beijing will study and promote the pilot work of data cross-border flow security management in terms of commercial presence, cross-border delivery, consumption abroad, natural person flow and data protection capability certification. ?
Li Jun said that the cross-border flow of data is an inevitable trend. However, the supervision of cross-border data flow has not yet formed in the world. This needs to consider many factors such as national security and personal privacy, and classify the data. As one of the regions with the most developed digital economy, Beijing is expected to provide the world with a "China solution". ?
In addition, it should be noted that according to the newly released Beijing Action Plan for Promoting the Innovation and Development of Digital Economy (2020-2022), by 2022, the added value of Beijing's digital economy will account for 55% of the regional GDP, and at present, Beijing's digital economy accounts for more than 50% of the city's GDP. ?
Zhong Zeyu, vice president and secretary general of China Service Trade Association, pointed out in an interview with 2 1 Century Business Herald that Beijing has unique conditions to develop service trade represented by digital economy. First of all, Beijing has the most intensive scientific research institutes and high-quality talents in China, with a strong atmosphere of innovation; Secondly, science and technology enterprises represented by Zhongguancun are highly concentrated in Beijing, and new formats and new economies are developing actively; Third, Beijing's financial, medical and cultural services are developed; Fourth, as an international exchange center, Beijing has a large number of natural persons flowing, which facilitates cross-border service trade. ?
Improve the relevant policies of duty-free shops and adjust the customs duties for returning overseas cultural relics?
The plan pointed out that it is necessary to help build an international exchange center. Focus on serving the country's overall diplomacy and continuously improve the service support capacity of major national events. Encourage international organizations to gather. Explore the pilot of cross-border fund pool integrating local and foreign currencies, support qualified multinational enterprise groups to carry out centralized transfer and collection of local and foreign currency funds among domestic and foreign members, and implement two-way macro-prudential management of cross-border capital flows. Explore the integration of consumption and pre-boarding. Encourage moderate competition and improve the relevant policies of duty-free shops. ?
According to the plan, a fully functional group exhibition complex will be built around Beijing Capital International Airport. Improve the specifications and energy level of China International Fair for Trade in Services, and build it into a major platform for international service trade. Promote the joint development of Beijing Capital International Airport and Beijing Daxing International Airport to build a world-class aviation hub. ?
In addition, we must meet the demand for high-quality cultural consumption. Create an international film and television animation copyright trading platform, explore cultural intellectual property insurance business, carry out gemstone trading business, and strengthen the "Belt and Road" cultural exhibition and trading hall. Qualified foreign-funded enterprises are allowed to conduct global exhibitions, auctions and transactions of cultural works of art (non-cultural relics). Encourage the return of overseas cultural relics, actively study and adjust the current import tax policy, and give further support. Explore and innovate the supervision mode of international high-end art exhibits guarantee in the comprehensive bonded area. ?
Interpretation: the State Council's recently approved Work Plan for Deepening the New Round of Beijing's Comprehensive Pilot Project of Expanding and Opening up the Service Industry and Building a National Comprehensive Demonstration Zone for Expanding and Opening up the Service Industry requires that Wangfujing Pedestrian Street be supported to try first in building an international consumption environment, a high-quality business environment and an international consumption area. Optimize the layout of duty-free shops in the city, coordinate the setting of departure pick-up points for duty-free shops in airport isolation areas, and implement relevant policies for duty-free shops. ?
18 In September, at the "65th Anniversary Media Communication Meeting" held by Wangfujing Group, Du Baoxiang, Chairman of Wangfujing Group, revealed that the company plans to open a commercial complex integrating tax-free, Ole and shopping center in Beijing Global Resort. Du Baoxiang revealed that the company is currently promoting the landing of airport duty-free shops at Capital International Airport and Beijing Daxing International Airport, and the specific opening location is under negotiation. Its duty-free shops in Beijing are also in the layout. ?
The above work plan also points out that it will promote the coordinated development of Beijing Capital International Airport and Beijing Daxing International Airport. Explore port facilitation measures for aviation equipment repair and subcontracting business of aircraft maintenance enterprises, and support enterprises to enhance the competitiveness of the international aviation equipment maintenance market. Encourage Chinese and foreign airlines to operate international routes and allow foreign airlines to operate at Beijing Capital International Airport and Beijing Daxing International Airport. Establish an international air freight system, formulate policies to promote the development of air freight in Beijing, and support the expansion of freight traffic rights. Optimize and improve freight infrastructure and equipment, and encourage airlines to put freight fleets at Beijing Daxing International Airport. Improve the functions of air ports, enhance high-end logistics capabilities, and expand import functions such as complete vehicles and parallel imported cars. ?
Reducing the import tax rate of cultural relics is conducive to the return of overseas cultural relics. At the end of last year, National Cultural Heritage Administration made it clear that it would strive to further reduce the import tax rate of cultural relics, further promote the reduction of cultural relics tariffs within 65.438 million years, and timely promote the reduction of postal tax and value-added tax rates on cultural relics imports. Several adjustments of tax policies have reduced the import tax burden of cultural relics and artworks, which is conducive to encouraging individuals and enterprises to bring cultural relics into China for collection, display and trading. ?
In recent years, China has adjusted the import link tax rate many times. In terms of postal tax, the tax rate has been lowered twice since 20 18, and the tax rate of stamps, artworks and collectibles has been reduced from 25% to 20%. The tariff rate and import value-added tax rate have also been continuously lowered. The tariff rate of crude oil paintings, pastels and other hand-painted paintings, original woodblock paintings, prints and original sculptures of various materials will be reduced from 12% to 1%, and the standard rate of value-added tax on cultural relics import will be reduced from 16% to 13%.