According to the executive meeting held by the State Council yesterday, pilot project of business environment innovation will be launched in several cities. Hangzhou has been formally selected as one of the six pilot cities in the first batch. Thanks to the deepened “Reforms of Administration, Regulation and Services” in recent years, Hangzhou has made great improvement in the marketization, legalization, and internationalization of business environment, ranking fifth in China in the evaluation of national business environment two years in a row.