Hainan province announced a plan on Sunday to woo top-tier talent to help the island develop into a pilot international free trade zone.
Wu Shicun, president of the National Institute for South China Sea Studies, exchanged ideas with Chinese and foreign journalists and media officers on Hainan's new development opportunities at a press salon held in Beijing on May 10 by the All-China Journalists Association.
China should take cautious steps to promote financial innovation amid efforts to promote opening up in Hainan province, according to law experts.