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.
South China's Hainan province saw its foreign direct investment (FDI) inflow rise 107.8 percent in 2019, according to the province's department of commerce Friday.
China's southern province of Hainan Saturday set up an intellectual property (IP) exchange as the latest measure to support the construction of its pilot free trade zone.
Overview
Haikou 
Sanya 
