Hainan province launched a policy on Wednesday to restrict car purchases, with a view toward easing traffic congestion and promoting the use of new energy vehicles.
Hainan province adopted new visa-free entry policies for overseas visitors from 59 countries and regions on May 1.
Hainan has announced a strict, islandwide quota policy to curb speculation in the housing market and better promote building the island into a pilot international free-trade zone.
China will introduce a new 30-day visa-waiver policy in Hainan for tourists from 59 countries starting May 1 to accelerate development of the tourism industry in the province, an immigration official announced.
Share prices of Hainan-related companies rallied on Monday in response to President Xi Jinping's speech on Friday supporting the building of the whole island into a pilot free trade zone and a free port with Chinese characteristics.
These regulations are formulated in accordance to the relevant laws and regulations of the PRC and the specific circumstances of the Hainan Special Economic Zone, in order to attract foreign investment and accelerate the development of the Hainan Special Economic Zone.
Foreign-invested enterprises engaged in production and operation in Hainan Special Economic Zone must pay the enterprise income tax at the rate of 15 percent.
Overview
Haikou 
Sanya 
