China on Monday unveiled its first negative list for cross-border trade in services. The list will be implemented in the Hainan Free Trade Port.
The 289-kilometer-long eastern part of the Hainan Island's loop natural gas pipeline was put into operation on Friday, and will further facilitate the rapid development of the Hainan Free Trade Port (FTP), said China Oil & Gas Pipeline Network Corp, the pipeline's operator.
As the opportunities brought by the Hainan Free Trade Port continue to increase, more and more businesses are settling down in Hainan, contributing to a 69.23% surge in total market entity numbers, which stand at 191,000 in the first half of this year.
South China's island province of Hainan has seen exponential growth in duty-free sales a year after a new policy was implemented.
A "zero-tariff" yacht, with its components imported from overseas without tariffs and assembled in Hainan Free Trade Port, was officially delivered to its client in Haikou on June 24.
Investors are becoming increasingly confident in Hainan Free Trade Port (FTP) after China passed a law related to Hainan FTP on June 10, and institutional arrangements were made for FTP construction at the national legislative level.
Chinese lawmakers are considering a draft law whose newly added details allow tax refunds for goods from the country's inland area to the Hainan free trade port (FTP).
Overview
Haikou 
Sanya 
