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Hainan Airlines core biz transferred to investor


China's fourth-largest carrier Hainan Airlines announced on Wednesday that it has transferred its core aviation business to Liaoning Fangda Group Industrial Co Ltd, its strategic investor, as the carrier's parent company HNA Group is in the process of going through bankruptcy and restructuring proceedings.

Sanya holds investment forum with UK enterprises

Sanya holds investment forum with UK enterprises


A delegation composed of representatives from the UK Department for International Trade, the British Consulate-General Guangzhou and 20 UK companies visited Sanya and attended the forum in search of more investment opportunities at the Hainan FTP.

Hainan inks strategic cooperation agreement with Davao, Philippines


Hainan International Economic Cooperation and Exchange Association (Hainan IECEA) and the Davao City Chamber of Commerce and Industry signed an online agreement on July 16, seeking to promote deeper cooperation between Hainan and Davao, Philippines in various fields.

Construction of Hainan FTP gives impetus to duty-free shopping


South China's island province of Hainan has seen exponential growth in duty-free sales in the year after a new policy was implemented.

Policies help fuel duty-free hub hopes

Policies help fuel duty-free hub hopes


The duty-free shopping boom has picked up momentum in Hainan province as fine-tuned national policies turn the resort island into a duty-free shopping hub, officials and experts said.

Hainan one-stop service window for intl trade passes inspection


The China (Hainan) One-Stop Service Window for International Trade has completed its initial project and passed inspection, according to announcement by the Hainan Provincial Department of Commerce on June 22.

Duty-free sales in Hainan jump 236% to over $7b

Duty-free sales in Hainan jump 236% to over $7b


Offshore duty-free sales in Hainan province hit 45.5 billion yuan ($7.11 billion) during June 1 of 2020 to May 31 of 2021, a surge of 236 percent from a year earlier, the chinanews.com reported on Monday.

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