Hainan Free Trade Zone Development
Update time:2018-6-28 11:17:18 source:Tannet Views:938
Hainan, China's southernmost province, has established a new benchmark area to promote development of the China (Hainan) Pilot Free Trade Zone. The government has recently issued a large number of measures, such as investment promotion and talent invitation campaigns, aimed at building the China (Hainan) Pilot Free Trade Zone and free trade port with Chinese characteristics and exploring a new, open economic system.
46 Measures for a Better Hainan FTZ
The Hainan Provincial Party Committee recently put forward 46 hard measures aimed at making solid progress in the construction of the China (Hainan) Pilot Free Trade Zone and free trade port with Chinese characteristics, and exploring a new open economic system. Some of the major measures can be listed as follows.
Market entry has been eased with full entrance permission for foreign-invested companies. Simplified negative lists will be implemented. A simplified procedure for foreign-invested enterprises and a more open financial environment will be created for convenience and steady growth.
In terms of business environment, the pilot free trade zone will apply international standards with a more concise administrative approval list to optimize the government affairs service system and evolve into an international professional arbitration agency.
Further measures are also put forward to serve the same purpose, namely, to make Hainan a better city. The city also promotes the introduction of talents, the development of tourism and consumption with a more open mind, as well as the administrative integration of each region to actively stimulate free trade.
100-day Investor Initiative
China's southernmost island province of Hainan launched a 100-day event starting on May 20 to attract global investment to help advance its development as a pilot international free trade zone. Key areas set for enticing investors include tourism, high-efficiency tropical agriculture, medicine and health-care, modern financial services, new and high-technologies, convention and exhibition, ocean economy, infrastructure, revitalization of rural areas and protection of the ecological environment.
The initiative, which will continue to late August, is one of the measures announced to implement the requirements set by the central government to welcome investors from around the world to participate in the building of Hainan into an international pilot free trade zone. The province will create a better environment for business people and enterprise innovation, and it will further advance construction of infrastructure on the island.
Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tanne’s website www.tannet-group.net, or calling our hotline at 86-755-82143181, 86-755-82143422, or emailing to tannet-solution@hotmail.com. Our experienced consultants will be glad to assist and advice on how to approach your particular challenge.