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Why Hainan
Hainan's economic growth rate ranks 2nd in China in Q1

Hainan's economic growth rate ranks 2nd in China in Q1


Hainan has achieved a regional GDP of 139.6 billion yuan ($21.3 billion) in the first quarter of this year, up by 19.8 percent year-on-year and the second fastest growth in China, according to a press conference held by National Reform and Development Commission on May 18.

Business registration shortened to one day in Hainan FTP


To optimize the business environment in Hainan province, the Hainan Administration for Market Regulation, the Hainan Provincial Public Security Department, and the Hainan Provincial Taxation Bureau jointly issued a notice to improve investor experiences, as well as to shorten business registration time across the province to one working day before the end of 2021.

Hainan continues to lure business through innovation

Hainan continues to lure business through innovation


During the 13th Five-Year Plan (2016-20) period, Hainan improved the management systems of its key industrial parks and continuously attracted new investment.

Hainan tax and fee cuts exceed $2.36 billion in Q1-3


China's island province Hainan cut 15.67 billion yuan ($2.36 billion) in taxes and fees in the first three quarters of 2020, with new preferential tax policies launched this year contributing to 73 percent of the reductions.

Hainan to award new high-tech firms up to 5 mln yuan


​South China's island province recently launched a special policy to boost the development of high-tech enterprises and help them achieve high-quality development, Hainan Daily reported on Oct 29.

Hainan launches action plan on building first-class business environment


To speed up the establishment of a law-based, international, and convenient business environment to further unleash vitality and creativity among various market entities, as well as to accelerate the building of Hainan Free Trade Port (FTP), Hainan province has launched an action plan that has taken its unique conditions into consideration.

Hainan continues to build first-rate business environment


With numerous measures like simplified approvals, optimized services, and reduced barriers, China's island province Hainan has continued to construct a fair business environment for global investors.

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