A group of experts and scholars recently published a paper evaluating the business environment of Chinese provinces in Business Management Journal and revealed that Hainan ranked 12th among 31 Chinese provinces, autonomous regions, and municipalities.
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.
The pilot phase of a blockchain service platform for national cross-border finance was launched by the Hainan branch of the State Administration of Foreign Exchange.
COO has become an important means for Hainan export companies to expand their markets, Hainan Daily reported on April 27.
China's island province of Hainan raked in 55.07 billion yuan (about $7.78 billion) in duty-free sales in the past nine years, according to customs of the provincial capital city of Haikou.
Haikou, capital of Hainan province, has been focusing on investment promotion in nine areas, including duty-free shopping, consumer goods sales, and services trade. It has achieved remarkable results with an 82.61 percent increase in new foreign-invested enterprises registration.
The actual use of foreign capital in South China's island province of Hainan reached over $115 million in January, surging by over 366 percent year on year, local commercial authorities said.
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