Hainan Free Trade Port Development
Update time：2018-6-6 15:49:59 source：Tannet Views：188
According to a document, China has decided to set up an investment fund to support Hainan's development of a free trade port.
China aims to "basically establish" free trade port system in Hainan by 2025 and make the free trade port system and operational mode "more mature" by 2035.
A free trade port is the world's most open form of economic zone, which has brought prosperity to places like Singapore and Hong Kong thanks to its broad-based preferential policies on trade and investment.
The guidelines on supporting Hainan's efforts to deepen reform and opening up were jointly released by the Central Committee of the Communist Party of China and the State Council.
Establishment of an institute for a free trade port with Chinese characteristics has been approved by the Hainan provincial government to support Hainan's free trade port development.
The institute will be led by the Haikou-based China Institute for Reform and Development, and be jointly built by the National Institute for South China Sea Study, Hainan University and Hainan Normal University, according to the provincial government decision.
The institute was designed to carry out theory and policy research on the free trade zone (port) to provide suggestions for its development. (Source: China Daily)