In a decisive move to implement the municipal party committee and government’s strategic plan to "explore building an innovation center for commodity investment and trade services," Hangzhou has introduced the "Several Policy Measures to Promote High-Quality Development of Commodity Trade" based on the city's industrial development realities. This policy outlines ten practical measures designed to comprehensively enhance the commodity trade industry and inject new momentum into Hangzhou's high-quality economic development.

This policy takes effect on December 18, 2025, and is valid until December 31, 2027.

I. Strengthening the Foundation and Promoting Industrial Agglomeration

1. Financial Incentives: Annual Fiscal Allocation of 130 Million Yuan
   The municipal finance department will allocate up to 130 million yuan annually to incentivize districts, counties, and county-level cities to support the development of commodity trade, promote stable growth in the wholesale sector, and fully support the construction of the city-wide innovation center for commodity investment and trade services.

2. Attracting and Cultivating Market Entities
   The policy explicitly supports various commodity trading enterprises, futures companies, spot-futures integration companies, and upstream and downstream industrial chain enterprises in expanding and strengthening. The city and districts will jointly form professional investment attraction teams, target leading national enterprises, leverage headquarters economy policies, and make every effort to attract their headquarters, regional headquarters, and various functional centers to establish a presence in Hangzhou.

3. Encouraging Breakthroughs: Promoting Offshore Trade in the Pilot Free Trade Zone
   Enterprises within the Hangzhou area of the China (Zhejiang) Pilot Free Trade Zone are encouraged to utilize the "offshore trade stamp duty preferential policy" pilot, actively develop commodity offshore trade, enhance global resource allocation and arbitrage capabilities, and ensure enterprises "fully enjoy" the policy benefits.

II. Dual-Pronged Approach: Strengthening Commodity Import and Export

4. Stabilizing Imports and Optimizing Global Supply Chains
   Enterprises are encouraged to expand imports of energy, raw materials, and other commodities, and optimize their global supply chain layout. Support is provided for enterprises to participate in domestic and international exhibitions, promote import market diversification, and encourage capable enterprises to "go global" for resource and energy cooperation and development.

5. Boosting Exports and Cultivating Leading Foreign Trade Enterprises
   Enterprises are encouraged to explore international markets. Support will be provided to commodity export enterprises for taking out export credit insurance and participating in overseas exhibitions, continuously enhancing their international operational capabilities, with the goal of cultivating industry leaders with import and export volumes exceeding ten billion yuan.

6. Streamlining Customs Clearance and Increasing AEO Certification Coverage
   Strategic cooperation with Hangzhou Customs will be deepened to provide specialized guidance and training for commodity trading enterprises seeking Authorized Economic Operator (AEO) advanced certification. Enterprises newly certified or successfully recertified for AEO advanced certification in 2025 will receive certain policy support.

III. Financial Empowerment: Addressing Enterprise Financing Challenges

7. Facilitating Cross-Border Transactions and Optimizing Foreign Exchange Services
   The application of the unified domestic and foreign currency bank account system will be deepened to optimize foreign exchange facilitation services. Financial institutions are encouraged to verify the authenticity of new types of offshore trade based on electronic trade documents, improving the efficiency of cross-border fund settlement.

8. Financing Innovation and Broadening Channels
   Financial institutions will be urged to increase credit support for commodity trading enterprises and innovate comprehensive financing models such as "futures + insurance + guarantee." Furthermore, eligible key enterprises will be supported in conducting initial public offerings in domestic and international capital markets.

IV. Ecosystem Optimization: Building Solid Support for Industrial Development

9. Global Expansion: Supporting Enterprises' "Venturing Overseas"
   Enterprises will be supported in establishing overseas bases and branches to optimize their global network layout. Guidance will be provided to enterprises involved in overseas disputes, and corresponding support will be given to enterprises responding to international trade cases such as "anti-dumping, countervailing, and safeguard measures."

10. Talent Development: Strengthening Professional Cultivation
    The exploration of specialized assessments for commodity trading enterprises will be conducted, granting eligible enterprises greater autonomy in talent recognition. Efforts will focus on cultivating interdisciplinary talents proficient in trade, industry, and finance, as well as professionals skilled in spot-futures business, providing intellectual support for industrial development.

Conclusion

The concentrated release of these ten measures demonstrates Hangzhou's determination and vision to build a hub for commodity trade. Through comprehensive, systematic support across the "Industry + Import/Export + Finance + Ecosystem" chain, Hangzhou is committed to creating a more attractive, competitive, and secure development environment for commodity trading enterprises.

A new hub for trade innovation is rapidly emerging on the shores of the East China Sea. Commodity trading enterprises and elite talents from around the world are sincerely invited to gather in Hangzhou to jointly create the future!