Pilot Free Trade Zones are functioned as demonstrative pilot zone for the new reform and open policies in China. In Sep. 2020，China （Beijing） Pilot Free Trade Zone was announced setting-up. Beijing，then，became the first city in which both FTZ and “Open-up Service Industry” policies apply. Up till Aug. 2021，institutional framework of Beijing Pilot FTZ has been constructed，innovative policies implemented Environment of Business improved. Local government published various implementing schemes，regulates based on the List. Reforms concerning land，capital，human resources，and other input factors have been introduced gradually. Market regulative system is improving. Beijing-Tianjin-Hebei integration processes are forwarding. All the above achievements have set sound foundations for further reforms. Still，factors including global economic uncertainty make the future quite challenging.