State Council Issues Notice on Replicating and Promoting 77 Pilot Measures from Shanghai Free Trade Zone

On July 2, the State Council issued the Notice on Effectively Replicating and Promoting the Pilot Measures for High-Level Institutional Opening-Up in Full Alignment with International High-Standard Economic and Trade Rules in Pilot Free Trade Zones (the “Measures”), which took immediate effect.

The Measures cover seven key areas: service trade, goods trade, digital trade, intellectual property protection, government procurement reform, “post-border” management system reform, and risk prevention and control, comprising a total of 77 measures. Among these, 34 measures are to be promoted to other pilot free trade zones, while 43 measures are intended for nationwide implementation. Major measures include strengthening the digital RMB pilot, optimizing capital management for multinational companies, formulating a negative list for cross-border data transfers, and promoting the use of electronic documents.