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Hainan bolsters support for enterprises to tap global market

ehainan.gov.cn | Updated: 2019-08-06

China's island province of Hainan seeks to back up its foreign trade enterprises with a special fund designed to help them tap and expand their overseas market, as well as improve their global operations.

To support foreign trade enterprises explore the international market, the fund will help companies in matters such as overseas patent applications, trademark registration, qualification certification projects, and participation in overseas exhibition projects.

In terms of enhancing the global operation capabilities of Hainan-based companies, the fund offers supports to small and medium-sized enterprises to improve their informationalization level in business management, management and decision-making level, as well as enhance their comprehensive risk management capabilities. 

The financial support for the projects shall be within 70 percent of the actual expenses incurred. The maximum support limit for individual projects shall be implemented in accordance with the relevant rules of use.

The projects refer to those launched from Aug 1, 2018 to July 31 of this year. Applicants must complete an online application before Aug 30 and submit related materials.