Recently, the State Council issued the Notice on Doing a Good Job in Replicating and Promoting the Seventh Batch of Reform Pilot Experiences from Pilot Free Trade Zones (State Notice 056/2023) (hereinafter referred to as the "Notice"), which is to promote pilot free trade zones' 22 reform pilot experiences nationwide and promote two in particular areas. The 22 experiences involve five areas: investment and trade facilitation, governance innovation, financial opening-up innovation, high-quality development of industries, and intellectual property protection.

The Notice requires that we should deeply understand the significance of replicating and promoting the reform pilot experiences from pilot free trade zones, take the replication and promotion work as a new development concept and an important measure to promote the high-quality development and build a modern economic system. It is necessary to combine the seventh batch of reform pilot experiences with the former six batches of experiences, and strengthen system integration and collaborative coupling, which will help further improve the business environment, stimulate market vitality, and build a new higher-level open economy.