Tianjin Pilot Free Trade Zone to develop three major industries

The open bonus is released continuously. The reporter learned on May 29 that in the future, the Tianjin Pilot Free Trade Zone will also vigorously develop cutting-edge emerging technologies and smart industries, industrial finance, and innovative finance, and vigorously develop emerging trade formats.

It is claimed that in the next step, the Tianjin Pilot Free Trade Zone (the TPFTZ for short) will vigorously develop cutting-edge emerging technologies and smart industries, strengthen linkages with the One Base and Three Zones city positioning, expand the opening of advanced manufacturing fields such as automobiles and aircraft and ship maintenance. It will also use Tianjin as a national advanced manufacturing R&D base, strengthen the innovation and incubate emerging intelligent industries such as artificial intelligence manufacturing and advanced communications while deploying force in advance and fostering new industries.

The TPFTZ develops industrial finance and innovation finance, promotes the construction of international production-and-integration demonstration area, explores pre-tax deduction policies for finance lease companies, takes the lead in developing innovations in supporting foreign exchange systems for the leasing industry, and supports factoring companies in pilot free trade zones to carry out offshore, cross-border, and provincial and municipal international factoring cooperation to standardize the development of overseas equity investment funds, bulk commodity off-the-spot transactions and other services to better serve the development of the real economy.

The TPFTZ will develop emerging trade formats, strive to build a parallel import of automobile industry-wide service chain, build a government management service platform, explore the parallel rectification of parallel import vehicle standards, and build a national parallel import car big data center and sales pricing center. It will innovate the cross-border service trade management model and accelerate the promotion of trade facilitation in high-end service sectors such as finance, insurance, cultural tourism, education and healthcare.It will innovate management models for bulk commodities and cultural trade, innovate bonded trade systems in the commodity spot market, carry out off-the-shelf commodity trading transactions for bulk commodities, and conduct bonded cultural artworks, auctions, and trades that are globally oriented.

（Source：english.tjbh.com）