1. Overview
Chaoyang Cluster covers 7.92 square kilometers, which includes 4.96 square kilometers of the central area within the Beijing CBD and 2.96 square kilometers in the Jinzhan International Cooperation Service Zone. The development and utilization of pilot free trade zone must comply with relevant laws and regulations concerning land use, ecological environment protection, and planning, while following territorial space planning and meeting the regulations related to economical and intensive land use.
2. Development Goals
Chaoyang Cluster aims to establish a foundational open policy system focused on trade and investment facilitation. It seeks to take the lead in creating an open system and institutional environment for the services industry aligning with high-standard international economic and trade regulations, and become a high-standard and high-quality free trade zone characterized by sound financial services, an optimized innovation ecosystem, concentrated high-end industries, efficient and convenient supervision, diversified legal support, and prominent influence and driving effects in the region within three to five years of reform.
3. Development Highlights
Chaoyang Cluster aims to play a leading role in building an institution-driven model for opening up. With the goal of developing a Beijing model for openness in the capital, the cluster recognizes the significance of developing a services industry that aligns with the high-standard international economic and trade regulations. It aims to be at the forefront of breakthroughs in key sectors by vigorously building policy application scenarios for the pilot free trade zone, actively studying and implementing higher-level, deeper, and broader investment and trade facilitation strategies, and achieving more internationally competitive institutional innovations within the framework of controllable risks.
Chaoyang Cluster aims to become a hub that gathers global resources. Focusing on the development goal of forming a high-standard headquarters cluster of multinationals, the cluster strives to establish an institutional framework that fosters the growth of regional headquarters of multinationals and enhance its attractiveness as a proper headquarters site for a multinational. By leveraging its strategic position as a global connector, the cluster highlights the flow of development factors to facilitate cross-border capital flow, optimize human resources structure, and integrate into the global innovation network. These efforts will further enhance the capability of allocating global resources and raise Chaoyang's status in global supply and value chains.
Chaoyang Cluster aims to become an open forefront area of international finance. It is committed to supporting the pioneering implementation of the opening up achievements in the financial industry. This will ensure the free flow and market allocation of financial factors and resources. By continuously improving its appeal to international financial institutions, the cluster seeks to better serve the high-quality development of the real economy. Focusing on the internationalization of renminbi and the openness of capital, the cluster will innovate and conduct different pilot policies to form an institutional environment for the development of the financial industry with comprehensive supports and sound functions, setting an example to accelerate the opening up of the financial industry at a higher level in Beijing.
Chaoyang Cluster aims to become a demonstration area for new digital trade scenarios. By seizing the significant opportunities presented by the digital economy and leveraging its vast market potential and comprehensive industrial system, the cluster aims to accelerate the development of new infrastructure, actively explore innovative scenarios, and vigorously promote new business models within the digital trade. The cluster strives to establish a high-level, open digital trade system that meets international standards, transforming and developing more independent innovation projects, as well as leading and unicorn enterprises in Chaoyang District to enhance the innovative capacity for digital trade development.
Chaoyang Cluster aims to serve as a pilot zone for model innovation of trade in services. The cluster fully leverages Chaoyang's strengths as a two-way channel for foreign trade and consumption to coordinate domestic demand expansion with the external market growth. By actively broadening international trade cooperation network and promoting the development of trade in services in modern service industries such as finance, professional services, and technology, the cluster aims to unlock the potential of the domestic demand and is leading innovative development in sectors like culture, education, and healthcare through new business models and forms. The goal is to take the lead in establishing a hub where international and domestic markets converge.