Beijing Daxing Airport Economic Zone Unveils New Incentives for Foreign Trade Innovation
In a bold move to enhance its appeal to international trade enterprises, Beijing's Daxing Airport Economic Zone has introduced a suite of financial incentives and policy support tailored to emerging business models. Situated at the crossroads of a dynamic airport economic zone, a free trade area, and a comprehensive bonded zone, Daxing is positioning itself as a forward-thinking hub for cross-border commerce. The latest initiatives aim to fuel the growth of sectors like cross-border e-commerce, offshore trade, bonded R&D, and digital trade—creating fertile ground for innovation and expansion.
The newly announced policies offer foreign trade companies a range of benefits, including financial support of up to RMB 5 million annually for businesses in fields such as pharmaceuticals, aviation materials, fresh produce, and bonded services. To further incentivize growth, enterprises utilizing bonded warehouses for high-value supply chains, including cold-chain logistics and pharmaceuticals, can receive a one-time subsidy as high as RMB 1 million. Additionally, foreign-invested enterprises focusing on international trade and commerce will be eligible for annual funding of up to RMB 2 million. Businesses can apply through the government portal, with applications closing on February 20.
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Expanding Market Access and Strengthening Beijing's Position as a Foreign Investment Hub
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These policy reforms reflect China's broader commitment to enhancing market access and fostering a more business-friendly environment for foreign companies. As part of its strategic objectives, the Ministry of Commerce (MOFCOM) has recently reaffirmed its goal to further liberalize the service sector, lifting restrictions on foreign investments in telecommunications, healthcare, and education. Moreover, MOFCOM's plans to revise the Catalogue of Encouraged Foreign Investment Industries promise to provide even greater incentives to international investors.
Parallel to these national initiatives, Beijing's efforts to solidify its position as a magnet for global capital continue to gain traction. From January to November 2024, the city welcomed 1,777 new foreign-funded enterprises, marking a 14% year-on-year increase. Key foreign developments included Standard Chartered Securities' entrance into China's financial sector and the establishment of Steinbeis' headquarters for technology transfer in Beijing. The pharmaceutical sector also saw an influx of global players, with eight international firms setting up R&D centers in the city.
The China (Beijing) Pilot Free Trade Zone remains a cornerstone of the city's foreign investment strategy, accounting for 33.8% of the city's foreign capital during the same period—nearly 18 percentage points higher than the previous year. Meanwhile, the newly approved Beijing E-Town Comprehensive Bonded Zone promises to accelerate the growth of high-tech and advanced manufacturing industries.
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Implications for International Businesses
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For multinational enterprises and trade professionals, Beijing's evolving regulatory landscape offers an increasingly attractive proposition. The integration of bonded logistics, cross-border digital trade, and substantial financial incentives not only highlights Beijing's ambition to establish itself as a leading global commerce hub but also signals a more open and supportive environment for international businesses. As regulatory barriers gradually fall and financial backing for foreign firms expands, the city's evolving landscape may present an enticing opportunity for businesses seeking to enter or scale in China's capital.
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