The China (Jiangsu) Pilot Free Trade Zone has adopted the strategic positioning of “striving to build a pioneer zone for open-type economic development and a demonstration zone for the innovative development of the real economy and industrial transformation and upgrading.” Through 3 to 5 years of reform and exploration, and by benchmarking against advanced international standards, the zone aims to foster more internationally competitive institutional innovations and establish a high-standard, high-quality free trade zone characterized by convenient investment and trade, a concentration of high-end industries, comprehensive financial services, safe and efficient regulation, and a prominent radiating and driving effect.