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.
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.
The number of high-tech enterprises in Sanya, Hainan province reached 37, which is two times larger than that of 2018, according to a conference held on Aug 5 to brief high-tech companies about Sanya's preferential policies.
The district of Qiongshan in Haikou aims to build a cluster of duty-free shopping centers at the Haikou Riyue Square. The total duty-free shopping area of the square will be expanded nearly five-fold to 102,000 square meters.
Driven by the policy of a free trade port, the actual use of foreign investment in China's southern island province of Hainan continues to grow rapidly, statistics show.
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.
Overview
Haikou 
Sanya 
