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Zhejiang FTZ releases latest 10 achievements

Updated : 2022-02-18 (chinadaily.com.cn)

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The Zhoushan area of the Zhejiang FTZ is pictured. [Photo/WeChat account: china-zjftz]

The China (Zhejiang) Pilot Free Trade in Zhejiang, East China's Zhejiang province, announced its latest 10 major achievements at a news conference held in Hangzhou, capital of Zhejiang on Feb 17.

Here are the 10 major achievements.

On Dec 30, the Hangzhou area of the Zhejiang FTZ opened its first international cargo route under fifth freedom traffic and started operating the mail exchange station at Hangzhou International Airport.

On the same day, the Zhejiang Biomedical Board established by Qiantang district in Hangzhou and Zhejiang Equity Exchange was listed as a pilot regional equity market in the province by the China Securities Regulatory Commission.

Over the past month, 109 companies have been listed on the market, 51 of which completed financing of 9.2 billion yuan ($145.17 million)

Since December last year, the Hangzhou area has witnessed the quality development of the digital economy as Hangzhou was included among pilot cities with gigabit capabilities and had rolled out plans for the innovative application of artificial intelligence technologies.

In 2021, the Zhoushan area handled 17.5 million metric tons of bonded mixed ore, ranking first in the country. Its trade of bulk commodities was worth nearly 900 billion yuan, and it housed more than 9,300 oil and natural gas companies.

Ningbo Zhoushan Port handled 1.22 billion metric tons of cargo in 2021, topping the global rankings for the 13th straight year and its container throughput reached 31.08 million TEUs, ranking third globally after Shanghai Port and Singapore Port.

More than 1,900 Yiwu-Xinjiang-Europe trains were operated last year, a year-on-year increase of 36 percent.

On Jan 6, Yiwu areas built the first county-level dispute resolution platform for international commercial affairs.

In January, Beilun district in Ningbo received approval to pilot high-level cross-border trade and investment.

Zhejiang issued 5,190 RCEP certificates of origin to cargo worth more than $240 million and exempted over 13 million yuan in tariffs after the Regional Comprehensive Economic Partnership took effect on January 1.

The Hangzhou central brach of the People's Bank of China helped Zhejiang has received approval to pilot the trading of the renminbi against the Indonesian rupiah.