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Zhengzhou, Shenzhen and Shanghai May Become Cross-Border E-Commerce Pilot Cities

At the State Council executive meeting chaired by Premier Li Keqiang on 6 January, it was planned that a number of new comprehensive pilot zones for cross-border e-commerce will be established to bolster foreign trade development by adopting a new mode.

It was agreed at the executive meeting that expanding comprehensive cross-border e-commerce pilot zones at a positive and steady pace is an important move in implementing reforms such as further streamlining administration and delegating power, combining delegation with control, and optimising services. This move not only attracts the clustering of large and medium-sized enterprises and promotes the growth of new business formats, but also facilitates effective supervision. Moreover, it has a significant bearing on advancing “mass entrepreneurship and innovation”, creating new jobs, helping foreign trade cope with new trends, and gaining new advantages.

The meeting resolved that the policies and administration systems introduced in the China (Hangzhou) Cross-Border E-Commerce Pilot Zone, the pioneer in cross-border e-commerce zones, can be implemented in a wider scope. Based on the principles of rational layout, emphasising unique features, and operability, a number of cities in the eastern, central and western regions with the right conditions and larger scale of import-export and e-commerce will be selected as pilots for the establishment of comprehensive cross-border e-commerce zones, where the following experience and practices will be replicated and popularised:

First, the setting up of six major systems, namely information sharing system for information exchange between enterprises, financial institutions and supervisory departments; one-stop online financial services system; smart logistics system offering whole-process track-and-trace capabilities; e-commerce credit rating system allowing supervision by category, interdepartmental information sharing and public disclosure in an orderly manner; statistics monitoring system providing services to facilitate enterprise operation and government supervision; and risk prevention and control system.

Second, the building of an online “single window” and an offline “comprehensive zone” to offer supporting facilities and services such as information exchange, mutual recognition of supervision, and law enforcement mutual aid between government departments, as well as pool logistics and financial resources in a bid to create a complete industry chain and ecosystem for cross-border e-commerce. By so doing, a highly convenient and effective new model will emerge whereby market vigour will be unleashed, enterprises will be prompted to lower cost and increase efficiency, and foreign trade will shift towards “quality imports and quality exports” and develop at a higher level.

Content provided by Picture: HKTDC Research
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