Another rising city, worthy of attention
Previously, the 52cbdc public account published an article titled "Strongly Occupy the Highland of Science and Technology, This City is Full of Power!" " article about the rising city of science and technology - Chengdu. Today we still have to talk about a province, or a city? a district? ! It is Hainan, which also deserves our attention. Hainan is located in South China, with a superior geographical location. It is the province closest to Southeast Asia in my country. It faces the Philippines, Indonesia, Brunei, Malaysia, Singapore, Thailand and Vietnam across the sea, and has great potential for cooperation with Southeast Asia. Advantage. As a result, it has successively become my country's special economic zone and free trade pilot zone. As the largest special economic zone in my country, it has obvious strategic significance.
On the 1st of this month, according to the clear plan for the overall development of Hainan in the "Overall Plan for the Construction of Hainan Free Trade Port" (abbreviated as "Plan"), Hainan became the focus of attention all of a sudden. And the blockchain field that we have been paying attention to for a long time is also one of the important contents of this plan. The full text of the "Proposal" is more than 14,000 words, and the word "blockchain" is mentioned 6 times. Next, 52cbdc will refine and sort out the blockchain-related content and make relevant interpretations:
In terms of improving the property rights protection system:
It is required to strengthen the application of blockchain technology in intellectual property transactions and deposit certificates, and explore new models suitable for the development of free trade ports.
In terms of the development layout of high-tech industries:
It is required to focus on the platform carrier, upgrade the industrial energy level, and develop the information industry with the focus on the Internet of Things, artificial intelligence, blockchain, and digital trade.
In promoting the transformation of government functions:
It is required to vigorously promote the reform of government institutions and the transformation of government functions, encourage the integration of blockchain and other technologies to be applied to the modernization of governance systems and governance capabilities, and build a systematic, scientific and standardized, and effective free trade port governance system. Give full play to the role of "Internet +", big data, blockchain and other modern information technologies, standardize government service standards through the construction of platforms such as government services, realize government process reengineering and "one-stop service" of government services, strengthen orderly data sharing, and improve government Service and governance levels.
In terms of deepening the opening up of industries:
It is required to build a national blockchain technology and industrial innovation and development base in Hainan.
In terms of realizing the safe and orderly flow of data:
It is required to innovate the system design of data export security, and explore more convenient methods for assessing the security of personal information abroad. Carry out institutional docking of personal information entry, explore joining regional international data cross-border flow institutional arrangements, and improve the convenience of data transmission. Actively participate in the formulation of international rules for cross-border data flows, and establish standards and rules for data confirmation, data transactions, data security and blockchain finance.
From the above content, we can first understand that the blockchain mentioned in the "Proposal" is closely related to property rights protection, government affairs management, finance, smart cities, the establishment of high-tech industrial bases, and information construction. This shows that in Hainan's future planning, the application of blockchain technology in these fields will be vigorously promoted and developed.
Here, we can focus on one point, that is, the positive effect that blockchain technology can play in cross-border trade. Because it is building a free trade port, cross-border finance has become the focus. 52cbdc has summarized the following points from the system design content of the "Plan":
① Free and convenient trade. On the premise of realizing effective supervision, build a special customs supervision area for the whole island to seal customs operations. For trade in goods, a liberalization and facilitation institutional arrangement with "zero tariff" as the basic feature shall be implemented. For trade in services, implement liberalization and facilitation policy measures with the basic characteristics of "both entry and operation".
② Free and convenient investment. Significantly relax the market access of Hainan Free Trade Port, strengthen the protection of property rights, ensure fair competition, create an open, transparent and predictable investment environment, and further stimulate the vitality of various market players.
③ Free and convenient cross-border capital flow. Adhere to financial services for the real economy, focus on trade and investment liberalization and facilitation, open capital accounts in stages, and orderly promote the Hainan Free Trade Port and the free and convenient flow of overseas funds.
④ taxation system. In accordance with the principles of zero tariffs, low tax rates, simplified tax system, strong rule of law, and stages, gradually establish a tax system that is compatible with high-level free trade ports.
From the above points, we can see that in terms of building the Hainan Free Trade Port, the government has given Hainan a great deal of independent development rights and created a fairly loose and free cross-border trade environment. Among the key tasks before 2025, the "Plan" even mentions the need to reduce restrictions on cross-border service trade, implement a "simplified approval" investment system, accelerate the opening of the financial industry to the outside world, and implement more open shipping and air transportation policies. And increase the central financial support and give full legal authorization. Among the key tasks before 2035, the "Plan" mentions the freedom and convenience of trade, investment, cross-border capital flow, personnel entry and exit, and transportation.
This shows that the construction of this free trade port is a free trade port in the true sense. It not only has a very strong backing in terms of policies, but also has a certain free and relaxed environment in terms of legislation, finance and trade. And these are of great significance for deepening market reform, promoting the development of cross-border trade, creating a legalized, internationalized, convenient and open business environment, and building a modern economic system. Although the "Plan" gives Hainan more freedom and choices in terms of economic development, safety and order must be the prerequisite for the development of foreign trade, and convenience and speed are the basis for promoting the development of foreign trade! Cross-border finance empowered by blockchain is both a trend and a necessity.
Traditional cross-border transactions, such as import and export trade financing, often have the following difficulties:
①Traditional financial institutions rely on paper documents for auditing and handling business. Not only is the audit process time-consuming and laborious, but paper documents also have disadvantages such as easy tampering and difficulty in preservation, making verification prone to errors.
②Cross-border trade transactions involve a lot of materials and information, so it takes a long time, a lot of energy, and high costs to process related businesses.
③ Information is not shared and asymmetric among financial institutions, and there are problems such as the authenticity of trade backgrounds, monitoring risks, and mutual constraints.
Based on blockchain smart contract technology and trusted third-party data sources, smart, transparent, non-interferable access and assessment risk control smart contracts are built to empower cross-border finance. On the one hand, it is conducive to the realization of interim and ex post supervision by regulatory agencies , to ensure the rapid establishment and development of the economic system of the free trade port under the premise of safety and order; on the one hand, it is convenient to verify the credit information of cooperative enterprises and create a safe and reliable business environment; on the other hand, it can effectively reduce the operating costs of financial institutions and improve Business efficiency, enhance the service capabilities of financial institutions. And these are both the foundation and the necessity for the construction of an international-oriented, high-quality Hainan Free Trade Port, in terms of attracting outstanding talents, excellent enterprises, and foreign capital investment and financing.
And just in late May, under the support and guidance of the Hainan Provincial Foreign Exchange Bureau, the Bank of Communications Hainan Branch innovatively used the business model of "cross-border financial blockchain platform + Sinosure + quick loan" to handle export trade for a small and medium-sized enterprise The financing business has created a precedent in the financial industry of Hainan Free Trade Port, and explored a new path to better serve export-oriented small and medium-sized enterprises in Hainan Free Trade Port.
The reason why Hainan can be mentioned as an important strategic position this time is that, on the one hand, Hainan has a superior geographical location and has natural advantages in building a free trade port. On the other hand, Hainan itself not only started to implement various high-tech layouts and plans early, but also was very active and attached great importance to it. It also invested heavily in the field of science and technology and policy support. In the first half of 2020 alone, Hainan Province has many actions and favorable policies and orders:
On January 15, the Hainan Provincial Committee of the Zhigong Party suggested at the third meeting of the Seventh Provincial Political Consultative Conference that Hainan should use the blockchain as a breakthrough to establish a world-class information network system.
On January 16, at the third meeting of the Sixth People's Congress of Hainan Province, Shen Xiaoming, governor of Hainan Province, issued a government work report saying that it is necessary to use big data, blockchain and other technical means to improve government efficiency. At the same time, it also emphasized the need to focus on the development of digital economy industries such as game exports, intelligent IoT, blockchain, digital trade, and financial technology.
On March 20, a reporter from the International Tourism Island Business Daily learned from the relevant departments of Dongfang City, Hainan Province that the "Hainan Province Dongfang Eight Sports Tourism Blockchain Innovation Pilot Zone" project was recently approved by the city government and officially settled in Dongfang.
On the morning of March 24, Liu Cigui, secretary of the Hainan Provincial Party Committee, presided over the second symposium on comprehensive restoration and accelerated economic construction. At the meeting, Liu Cigui pointed out that it is necessary to encourage and support innovative industries, speed up the implementation of "new infrastructure", and implement the "Smart Hainan" construction plan , and strive to achieve new breakthroughs in the construction and application of 5G, blockchain and other industries.
On April 3, Liu Cigui, Secretary of the Hainan Provincial Party Committee and Director of the Provincial Party Committee's Network Information Committee, presided over the second plenary meeting of the Provincial Party Committee's Internet Information Committee. The meeting pointed out that the construction of new digital infrastructure such as blockchain should be strengthened.
On April 29, the 17th meeting of the Standing Committee of the Thirteenth National People's Congress voted to approve the decision of the Standing Committee of the National People's Congress to authorize the State Council to temporarily adjust the application of relevant laws and regulations in the China (Hainan) Pilot Free Trade Zone, and to legislate for Hainan's "free port" (Experts speculate that it may mean that the Hainan Free Port is extremely open and is likely to become an "independent customs territory". It also means that Hainan may receive "special policies" that will exceed the previous special zones and new areas).
On May 9, the Department of Industry and Information Technology of Hainan Province issued "Several Policies and Measures for Accelerating the Development of Blockchain Industry in Hainan Province", which focused on supporting leading enterprises to explore the construction of digital asset trading platforms, explore asset digitization, and digital asset The protection of rights, the global flow of digital assets, the labeling and technical models of digital asset transactions, etc., promote the first trial of digital asset-related formats in Hainan.
In mid-May, Hainan ICBC pioneered a cross-border financial blockchain financing model to help build a free trade port.
On May 14, the Hainan Provincial Department of Industry and Information Technology issued the "Notice on Several Policies and Measures to Accelerate the Development of the Blockchain Industry in Hainan Province."
On May 17, the Hainan Provincial Blockchain Association launched a plan to help the construction of "Chain Hainan" with "10,000,000,000,000,000".
On May 21, Sanya, Hainan issued "Several Measures to Accelerate the Construction of New Infrastructure in Sanya City". Every year, 100 million yuan will be allocated for new infrastructure construction support. Sanya's new infrastructure construction areas include: 5G base stations, blockchain and other information infrastructure.
On June 1, the leaders of our country made important instructions on the planning of the construction of Hainan Free Trade Port. The Central Committee of the Communist Party of China and the State Council also issued the "Overall Plan for the Construction of Hainan Free Trade Port".
On the morning of June 3, 11 key free trade port parks, including Hainan Ecological Software Park dominated by blockchain, were listed.
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