As Beijing moves ahead with the construction of its "two zones," the city's northeastern Shunyi district has been exploring innovative logistic and taxation policies and developing new business models for trading cultural products and cross-border e-commerce.

A total of 63 policy-related breakthroughs have so far been made in Shunyi district. Among them, 14 policies will apply for the first time in China such as the shared supervision among major ports for aviation supplies and the securitization of intellectual property.

Regarding the latter, for example, an innovative supervision system for bonded logistics has been put into force in the Beijing Tianzhu Comprehensive Bonded Zone. Thanks to the system, bonded products from the China Aviation Supplies Holding Company will only need to file for records, declare customs, and apply for approval once before being able to move freely among eight Chinese ports. 

The policy is estimated to help related airlines save $20-30 million in repeated investment for every $100 million in aviation supplies.

Shunyi also launched a pilot scheme that integrates policies on tax exemption, bonded commodities, and cross-border e-commerce. This has injected new momentum into the high-quality economic growth of Beijing.

"So far, there are a total of 193 business projects in Shunyi concerning Beijing's construction of its 'two zones,' with an estimated total investment of 111.5 billion yuan (about $17.34 billion)," said Yang Dengke, head of the Commerce Bureau in Shunyi district. According to Yang, 105 of these projects have already been implemented, and 3,796 new market entities have been added in the region since last October.

Most prominently, a national pilot program for the cross-border trade of pharmaceutical machinery has been established in Beijing Tianzhu Comprehensive Bonded Zone. By setting up a standardized system for trade facilitation, the pilot program can now provide "one-stop" services throughout the entire trading and management process.

In addition, Shunyi is doubling its efforts to improve its judicial services and protect intellectual property rights (IPR), in a bid to continuously improve its business environment and support a higher standard of opening up. A team of legal experts with English language expertise has been appointed to handle foreign-related civil cases in the region. Meanwhile, bilingual reception services will be provided throughout the trial.

In terms of IPR protection, a "capital pool" based on public-private partnerships has been established in Shunyi. It is designed to guide financial institutions in supporting high-tech firms who use their patents as collateral for loans. This has further addressed financing difficulties among technology firms and brought about new vitality for their future development.

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