Recently, various free trade pilot zones have continued to make efforts in promoting deep level reforms and high-level opening up. For example, recently, the Implementation Plan for China (Sichuan) Pilot Free Trade Zone Benchmarking and Navigation Action was officially issued, focusing on five key areas of trade facilitation, industrial agglomeration, financial innovation, government governance, and legal services. It is required that by 2027, the cumulative number of newly established enterprises should exceed 160000, the import and export of goods should exceed 450 billion yuan, and foreign direct investment should maintain a proportion of over 30% in the province. More than 80 institutional innovation achievements should be explored for replication and promotion throughout the province. The upgraded version of fiscal policy measures in Hunan has been introduced, with 19 fiscal policies formulated to promote the high-quality development of the Hunan Pilot Free Trade Zone. Since the opening and operation of China's first free trade pilot zone, the China (Shanghai) Free Trade Pilot Zone, on September 29, 2013, China's free trade pilot zones have undergone seven expansions to reach 22, achieving a series of comprehensive and deep-seated institutional innovation changes, and playing a positive role in stabilizing foreign trade. According to data from the General Administration of Customs, in 2023, the total import and export of China's free trade pilot zones reached 7.67 trillion yuan, an increase of 2.7%, 2.5 percentage points higher than the national growth rate, accounting for 18.4% of the total import and export value; The construction of Hainan Free Trade Port has been deeply promoted, and the annual import and export have maintained double-digit growth for three consecutive years. Xiao Benhua, Vice Dean of the Free Trade Zone Research Institute of Shanghai Lixin Institute of Accounting and Finance, stated in an interview with Securities Daily that China's pilot free trade zones have two main advantages in promoting foreign trade development: firstly, the free trade zones innovate in various aspects such as trade and investment facilitation, and more flexible and efficient systems and models effectively promote foreign trade development; Secondly, these free trade zones have a good foundation for foreign trade and geographical advantages, coupled with policy support to form industrial clusters, further promoting the development of foreign trade. Song Siyuan, Deputy Researcher at the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, told Securities Daily that China's 22 pilot free trade zones had different development directions at the beginning of their establishment. Based on factors such as geographical location, industrial structure, and development foundation, their respective innovation directions and development paths for foreign trade openness have been established. In the future, in order to achieve complementary advantages, they should start from the perspectives of their respective industrial structures, technological and service advantages, and achieve complementary industrial advantages and orderly gradient transfer, forming a multi-point linkage of 22 free trade pilot zones with both collaborative goals and differentiated innovative development patterns. How to better leverage the role of open platforms such as free trade pilot zones to support foreign trade enterprises in stabilizing orders and markets? Professor Chen Jianwei from the National Institute of Opening up at the University of International Business and Economics stated in an interview with Securities Daily that as an important window for China's opening up to the outside world and an important platform for promoting economic and trade cooperation, the free trade pilot zone should also focus on institutional innovation in the future. One is to further promote the facilitation of customs clearance, simplify trade procedures and procedures, improve customs clearance efficiency, reduce costs for foreign trade enterprises, and enhance international competitiveness; The second is to strengthen trade financing support through financial innovation, including improving the response speed of financial services, optimizing service efficiency, and opening up new financing paths for enterprises, to help foreign trade enterprises better stabilize orders and markets; Thirdly, various free trade pilot zones can carry out linkage and collaborative cooperation in areas such as information, industry, logistics channels, and cross-border e-commerce supervision, learn from each other, and jointly promote institutional innovation. (Lai Xin She)