Hainan province held a ceremony on Dec 28 to celebrate the launch of 147 projects worth 108.3 billion yuan ($15.75 billion) and the contract-signing of another 104 projects worth $23 billion.
One month ago, the island province in South China held a similar ceremony for its first series of projects, but this time around the projects are larger in both number and total investment amount.
The commencement and contract-signing ceremony for the second series of projects is held in Jiangdong New District in Haikou. [Photo/Hainan Daily]
The ceremony also confirmed several headquarter enterprises launched since Nov 29. The province is currently home to a total of 30 company headquarters, 22 of which are located in its capital city of Haikou and eight of which are located in Sanya.
The launching and contract-signing of the projects demonstrates the rapid development of tourism, the modern service industry and high-tech industries in Hainan, according to several provincial government officials at the ceremony.
Liu Cigui, secretary of the CPC Hainan Provincial Committee, attends the ceremony. [Photo/Hainan Daily]
On Dec 28, Hainan also sped up some of its main projects in order to strengthen its efforts to reform and open up. These projects include infrastructure projects in the Haikou's Jiangdong New District and projects related to the Sanya headquarters economy and central business district.
Overview
Haikou 
Sanya 
