Since its official commencement of operation on January 15, SIP Comprehensive Bonded Zone, has shown powerful momentum for fast growth. According to statistics of the customs authorities, SIP Customs Office at CBZ has handled a total of 110,000 declaration bills in the first quarter of the year, with a value of USD9.6 billion, and collected 600 million RMB in tariff revenues, showing a marked increase over the service volumes in the former Export Processing Zone A and B and bonded logistic center. Many import and export companies from overseas or outside of SIP are now applying to invest in CBZ. In January alone, 9 trading companies were incorporated in CBZ with 22.16 million RMB registered capital.