HK company aids economic development in Hainan FTZ

Hainan Baohui Investment Co Ltd, a wholly-owned subsidiary of Hong Kong Baohui Capital Holding Group, was set up in July in Jiangdong New District, Haikou, aiming to boost the economic development of Hainan Free Trade Zone (FTZ). 

Hainan Baohui Investment Co Ltd is an enterprise with investment and asset management as its core businesses. It also serves as an incubator for the internet industry, as well as for chip research and development. It also operates other businesses such as land evaluation and land use planning, sales of smart logistics equipment for produce, goods and technology imports and exports, processing of meat products and meat by-products, as well as tourism and health care services.

"Hainan is a magical island. From the construction of an international tourism island to the establishment of Hainan Free Trade Zone, Hainan has achieved remarkable development outcomes and has a bright future as well as broad prospects. Hainan Baohui Investment will increase investment in the province based on the local reality to reach a mutually beneficial result," said a project manager of the company.

According to An Dong, president of Hong Kong Baohui Capital Holding Group (China), Hainan Baohui Investment has the intention of taking full ownership of two local investment companies and an agreement of intent has been signed, although some details are still under discussion. By absorbing the two elite groups, Hainan Baohui Company would expand its scale and enhance its strength so that it can back up the development of Hainan Free Trade Zone, as well as further promote the regional value of Haikou and the competitiveness of the city.

The company will play a part in investing in the construction and development of infrastructure in Jiangdong New District, the city of Haikou, and Hainan province by making full use of its advantages in financial resources, technology, talents, and intelligence.

With the vision of propelling prosperity of relevant industries in the free trade zone, as well as liberalization of two-way investment and and facilitation of global economic integration, the company will commit itself to providing services to the local government, enterprises, and investors, striving to build Haikou into a window for exchanges and cooperation between China and the world.

Hong Kong Baohui Capital Holding Group sets up a subsidiary company in Haikou's Jiangdong New District to boost economic development in Hainan FTZ. [Photo/people.com.cn]