Business Daily Media

Men's Weekly

.

China’s First Comprehensive Bonded Zone Dedicated to Developing New-Quality Productive Forces Established in Beijing E-Town

BEIJING, CHINA - Media OutReach Newswire - 18 September 2024 - On September 13, at the "Beijing Day" and Beijing-Tianjin-Hebei Coordinated Investment Promotion Conference during the 2024 China International Fair for Trade in Services, it was announced that the Beijing E-Town Comprehensive Bonded Zone has been approved by the State Council.

With a planned area of 0.61 square kilometer, the zone will focus on advanced manufacturing and the integration of the manufacturing and service industries, becoming the nation's first comprehensive bonded zone dedicated to fostering new-quality productive forces.

Caption: China’s First Comprehensive Bonded Zone Dedicated to Developing New-Quality Productive Forces Established in Beijing E-Town
Caption: China’s First Comprehensive Bonded Zone Dedicated to Developing New-Quality Productive Forces Established in Beijing E-Town

Kong Lei, Deputy Secretary of the Party Working Committee and Director of the Administrative Committee of the Beijing Economic-Technological Development Area (BDA), explained that the Beijing E-Town Comprehensive Bonded Zone is located in the Zhangziying Industrial Park in the southern part of E-Town New City. The area benefits from convenient transportation and is adjacent to key industry clusters in integrated circuits, autonomous driving, information technology innovation, and commercial aerospace. The zone will feature four major functional areas: bonded processing, logistics distribution, bonded R&D, and inspection and maintenance services. The first phase of land development has been completed, and the design and implementation of surrounding municipal roads and regulatory facilities for the bonded zone are underway, with the first inspection expected by 2025. The initial phase will offer 100,000 square meters of R&D, processing, and storage space, providing flexible facilities like shared laboratories and public warehouses for enterprises of all sizes.

"With the strong support of the Beijing Municipal Government, Beijing Customs, and coordination from various central departments such as the General Administration of Customs, Ministry of Finance, Ministry of Natural Resources, Ministry of Commerce, the National Development and Reform Commission, the State Administration of Foreign Exchange, and the State Taxation Administration, the State Council recently approved the establishment of the Beijing E-Town Comprehensive Bonded Zone," said Kong Lei. "The zone will focus on advanced manufacturing and the integration of high-end manufacturing and services, with an emphasis on industrial and technological innovation. It aims to be the first comprehensive bonded zone in China dedicated to the cultivation and development of new-quality productive forces."

The bonded zone will target industries such as precision manufacturing, R&D iteration, and repair and testing under bonded operations, while promoting diversified service trade such as financial leasing, industrial component platforms, and cross-border e-commerce. In terms of industrial function, it will emphasize "advanced manufacturing and open iteration," building a "4+N" bonded industrial ecosystem. The "4" refers to four key areas: a global distribution center for key components with a focus on new-generation information technology; an R&D and bonded maintenance center for whole vehicles and key components, particularly in the new-energy vehicle sector; a global clinical testing and contract research organization (CRO) service hub for biopharmaceuticals; and an intelligent manufacturing line for high-end equipment, specifically targeting leading foreign-invested enterprises. The "N" represents a series of service trade platforms aimed at supporting cutting-edge industries, such as one-stop industrial supply and large-equipment leasing, setting a national benchmark for comprehensive bonded zone services.

As the country's first fully integrated high-tech and intelligent-scenario bonded zone, Beijing E-Town Comprehensive Bonded Zone leverages the advantages of next-generation information technology, high-level autonomous driving, and 5G+ industries. It is exploring innovative applications such as smart unmanned warehouse scheduling, AI-assisted supervision, and digital archives for data assets. The zone will become a fully digitalized park throughout its construction and operation phases, promoting the digitization of all elements in production, transactions, logistics, warehousing, and supervision. Moreover, it will explore a regulatory "sandbox" mechanism for industrial development and bonded supervision, setting the benchmark for digital and intelligent innovation in comprehensive bonded zones across China.

During the "Beijing Day" event, the Beijing E-Town Comprehensive Bonded Zone signed on-site agreements with four enterprises, including Tianjin Port Group. The first group of 21 companies has signed agreements to move into the zone.

In recent years, Beijing E-Town has continued to advance reforms and innovations in science, technology, and industry, boosting the vitality of its high-tech industrial ecosystem and furthering its commitment to high-level openness. The establishment of this comprehensive bonded zone marks a significant milestone for Beijing E-Town, making it the only economic zone in China to enjoy the combined benefits of a national economic development zone, national high-tech zone, Zhongguancun National Innovation Demonstration Zone, service sector opening-up demonstration zone, free trade pilot zone, and comprehensive bonded zone.


Hashtag: #2024ChinaInternationalFairforTradeinServices

The issuer is solely responsible for the content of this announcement.

News from Asia

Lee Kuan Yew School of Public Policy Releases Strategic Roadmap for ASEAN's 5G-AI Transformation

New Research Reveals US$130 Billion Economic Opportunity and Outlines Policy Framework to Accelerate Regional Digital Leadership by 2030SINGAPORE - Media OutReach Newswire - 22 July 2025 - The Le...

DFI Retail Group Holdings Limited Half-Year Results For The Six Months Ended 30 June 2025 And Announcement Of Special Dividend

Highlights 39% underlying earnings growth Increased contributions from associates, Health & Beauty and Food Health & Beauty delivered strong like-for-like (LFL...

HeyMax Acquires Hong Kong’s krip to Accelerate Regional Expansion into Loyalty and Rewards Market

HeyMax’s first acquisition fast-tracks its regional expansion, bringing over 6,000 credit card deals offered by over 3,000 merchants, and personalized loyalty experiences to consumers in Hong Kong ...

CUHK Faculty of Engineering: Advancing Innovation Through Research Excellence and Global Collaboration

HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - The Faculty of Engineering at The Chinese University of Hong Kong (CUHK) continues to strengthen its position in global engineering educat...

Adecco Singapore Marks 40 Years of Enabling Talent and Business Growth

SINGAPORE - Media OutReach Newswire - 23 July 2025 - Adecco Singapore has officially commemorated its 40th anniversary with a stakeholder event held at the National Gallery Singapore. The occasion...

Samsung’s Solve for Tomorrow 2025 Youth Innovation Competition is Now On

SINGAPORE - Media OutReach Newswire - 23 July 2025 - Samsung Solve for Tomorrow 2025, the highly-anticipated youth innovation competition, is back for its ninth edition in Singapore! As the natio...

Jollibee Group Evolves its Corporate Brand to Help Power Global Growth

Brand update brings to life its global purpose and positioning as a unified group of brandsMANILA, PHILIPPINES - Media OutReach Newswire - 23 July 2025 - The Jollibee Group, one of the world's fas...

AECOM to enhance mobility across the Greater Bay Area by delivering the Hong Kong Section of Hong Kong–Shenzhen Western Rail Link (Hung Shui Kiu-Qianhai)

HONG KONG SAR - Media OutReach Newswire - 23 July 2025 - AECOM, the trusted global infrastructure leader, today announced that its joint venture with AtkinsRéalis has been awarded the consultancy ...

OCBC Hong Kong Unveils New Brand Campaign

Connected to “As One Group, OCBC Enables Aspiration All Across ASEAN and Greater China” Demonstrating the Unwavering Commitment in Realising Customer’s Aspirations HONG KONG SAR - Media...

X.me Foundation Empowers Global Expansion of the X.me Social Media Platform

SINGAPORE - Media OutReach Newswire - 23 July 2025 - X.me (https://x.me) is a social media platform where users can freely express themselves, share content, engage, and interact while earnin...

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

Sell by LayBy