Hainan will build a headquarters base for Chinese enterprises to enter overseas countries and regions like Southeast Asia, as well as a headquarters base for enterprises from overseas countries and regions to enter Chinese market.
A delegation representing Hainan province recently completed a tour of Hong Kong, Indonesia, Jakarta, and Vietnam to carry out Hainan Free Trade Port promotion activities, signing agreements on a number of projects.
On Feb 6, the commencement ceremony for the first batch of centralized construction projects of the Hainan Free Trade Port in 2023 was held in Haikou Jiangdong New Area.
Hainan province is making a major effort to strengthen investment in its free trade port.
From January to October this year, industrial investment in Hainan increased steadily.
Rising companies from Regional Comprehensive Economic Partnership (RCEP) member states are benefiting from the trade facilitation policies of the Hainan Free Trade Port (FTP), and will continue to beef up their presence in the Chinese market.
According to statistics released by Haikou Customs, the total import and export value of Hainan's trade in goods was 59.84 billion yuan ($9 billion) in the first four months of this year.