Hainan Airlines has become one of the top 500 most profitable companies in the country, according to the latest China Fortune 500 list released on July 10.
A direct air route was launched on Thursday between Sanya, a famous tourist destination in South China's Hainan province, and London.
Hainan has signed investment and cooperation agreements with more than 60 leading Chinese and overseas companies since April 13, when the central government announced it would support Hainan to build a free trade zone and gradually build it into a free trade port with Chinese characteristics, according to officials with the Hainan Provincial Bureau of Commerce.
Hainan province plans to release a construction and implementation program of an international tourism consumption center in the next half year to promote opening of offshore duty-free shops in Haikou and Qionghai, according to a provincial government plenary session held on July 11.
Hainan economy gained stable and quality growth in the first half of the year despite heavy measures to harness the real estate sector, currently still a major contributor to the island province's GDP growth, according to Shen Xiaoming, governor of China's southernmost Hainan province.
Hainan, the island province in South China, is paving the way for the nation's securitization of intellectual property assets, with plans to make the first transaction of its kind no later than next June, according to the province's top IP officer.
The maiden flight from Sanya in Hainan province to the Macao Special Administrative Region took off on July 9.