Hainan will strictly control real estate industry development and will not be "a processing plant for property projects", Liu Cigui, Party chief of the island province, said on Monday.
Hainan will introduce measure that centers on zero tariffs on goods in steps and phases to enable the free flow of trade, said a senior official from the Ministry of Finance.
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.
Hainan, the world's largest free trade port, is now at the forefront of China's reform and opening-up. It embraces the open ocean and connect China to the rest of the world. Welcome to Hainan Free Trade Port.
The Hainan International Business Council will establish 16 contact points with Chinese overseas chambers of commerce in countries in Asia, Europe, and America to further unblock the contact channels between Hainan and overseas countries.
The first service stations for Hong Kong, Macao, Taiwan, and overseas Chinese talents and enterprises were launched at five key industrial parks in Hainan province on June 3.
China's tropical island Hainan unveiled 11 key industrial parks on June 3 to promote the construction of the Hainan Free Trade Port (FTP).
