Professor Li Shanmin: To Create a Closed-loop "Rim of Pilot Free Trade Zone Innovation Belt"

On April 21, the Special Press Conference on Major Institutional Innovation for the 5th Anniversary of China (Guangdong) Pilot Free Trade Zone Nansha New Area was held. Li Shanmin, Vice President of Sun Yat-sen University, Dean of the Comprehensive Research Institute of Free Trade Zone, and professor of the School of Business, Sun Yat-sen University, said on the conference that the Nansha Free Trade Zone has laid a solid foundation in the process of reaching new heights for reform and opening up in the new era and has gradually formed its own characteristics.

Where is the next stage of reform and innovation in Nansha Free Trade Zone? Vice President Li Shanmin suggested that we should vigorously promote the transformation of institutional innovation to a systematic and integrated direction, and take the lead in establishing a modern governance system for the Pilot Free Trade Zone. It is necessary to take the lead in developing differentiated institutional innovations around Nansha's resource endowments and characteristic industries, and form systematic and integrated innovation experience by solving key institutional issues in industrial development. At the same time, empowered by the modern governance system, the integrated developments of the Pilot Free Trade Zone needs to be promoted at an appropriate time to realize the joint development.

In particular, he proposed that the Nansha Free Trade Zone should serve the national strategy of building the Guangdong-Hong Kong-Macao Greater Bay Area and actively promote the "Rim of Pilot Free Trade Zone Innovation Belt". It is necessary to actively expand digital trade and promote the strategy of "Strengthening Province by Trade", strengthen the coordinated development with major platforms around, and realize the "maximizing institutional dividends" and other innovative reform directions in the next step.