The recent release of a master plan by Chinese authorities to build the world's largest free trade port in Hainan has generated great expectations among people in and outside the tropical island.
Market entities will enjoy a batch of benefits in investment, tax and market access when doing business at the Hainan free trade port, Shen Xiaoming, governor of Hainan, said Monday.
As Hainan province continues to upgrade its talent policies and enhance its talent introduction measures, a growing number of investors have been seeking business opportunities in the construction of the Hainan Pilot Free Trade Port. In the first quarter of this year, over 36,800 new market entities were registered in Hainan, showing continuous momentum in its growth.
On Oct 16, 2018, China unveiled a detailed plan to establish the country's southern province Hainan as a free trade zone (FTZ), in its latest move to open up the economy.
The Hainan International Business Council, which opened in April last year to serve international enterprises in the Hainan Pilot Free Trade Zone (Port) and to attract more global investments, launched a special hotline on March 9 to better serve investors.
Multinational pharmaceutical equipment manufacturers have been concerned about the resumption of Boao Lecheng International Medical Tourism Pilot Zone and have sent letters to seek enhanced cooperation with the Hainan innovative green city project.
Overview
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