Shenzhen’s Maehai District and Guangzhou’s Nansha District were ranked 1st and 2nd in the 2021-2022 China Pilot Free Trade Zone Institutional Innovation Index, respectively, and Yokokoto’s ranking fell to 11th.

An index report published by the Sun Yat-sen University Free Trade Zone Comprehensive Research Institute provides an assessment of 54 pilot free trade areas in mainland China, with five key indicators being “investment liberalization” and “trade facilitation.” It was “trade” and “finance”. “Reform and innovation”, “Transformation of government functions”, “Legal environment”.

The two free-trade areas, Qianhai and Nansha, ranked No. 1 and No. 2 in the index report, are both located in the Guangdong-Hong Kong-Macau Greater Bay area, and the Qianhai district in Shenzhen is a “transformation of government function”. And “legal environment”, Nansha District of Guangzhou ranked first in the indicators of “trade facilitation” and “investment liberalization”.

Qianhai Shenzhen-Hong Kong Modern Services Industry Cooperation Zone is an experimental business zone to promote financial, logistics and IT service activities between mainland China and Hong Kong, and will future the economy of Macau and Hong Kong in the Greater Bay Area. ..

In addition, the sixth national-level new region (special economic and political administrative district), Nansha District, will be incorporated into “the center of strategic importance to cooperate with Hong Kong and Macau” for profit. After GBA proposed by the State Council.

The Nansha district, which is gradually narrowing the gap with the Qianhai district, has the greatest advantage in comprehensive cooperation with Macau and Hong Kong, and continuous promotion of innovation based on the support of the people and the building of an entrepreneurial ecosystem. there is. Strategy, Fu Chen Ping, director of the Zhongshan University Free Trade Area Research Institute, said as reported by Yang Chen Evening News.

On the other hand, the ranking of the Cantonese-Macau Profound Cooperation Zone on Hengqin Island dropped slightly to 11.

Regarding the future direction of institutional innovation in pilot free trade areas, the report indicated that the development of new trade formats should be facilitated by further creating an efficient and orderly exchange of production factors.

Currently, GBA’s three free trade areas are conducting research on such exchanges, including promoting mutual recognition of professional qualifications with Macau and Hong Kong, effectively promoting the development of trade in services. increase.

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