Advanced Search

23 April 2018

Hainan Set for Free Trade Zone and Free Port Status

Hainan is to be transformed into both a Pilot Free Trade Zone and a Free Trade Port, with the province set to expand its tourism remit, while also opening-up to the wider world on a more general basis. The plans for the island’s strategic development were jointly issued by the Central Committee of the Communist Party of China and the State Council on 11 April this year, with the date marking the 30th anniversary of its accession to Special Economic Zone status.

Overall, this state-level initiative will see the island take on four distinct roles:

Pilot Free Trade Zone

Following an accelerated programme of reform and opening-up, the island will function as one of China’s key gateways, fully exploiting its strategic access to the Pacific and Indian oceans

Pilot National Ecological Zone

With the province seen as China’s “garden”, enhanced efforts are to be made to maintain its natural ecological balance, with the island acting as a model for environmentally-friendly developments across the mainland

International Tourism Centre

In line with this, there will be a renewed focus on establishing the island as a high-end, global tourism destination, with world-class facilities and an expanded range of visitor attractions

National Strategic Logistics Zone

In order to deliver on this, the province will become more closely aligned with China’s national development strategies, including the Belt and Road Initiative and the country’s ambitions to become a significant international maritime trading force

Timeline

In order to deliver on these four strategies, the development plan will roll-out on a three-stage basis:

2020

Significant progress made on establishing both Pilot Free Trade Zone status and achieving high degree of opening-up to the outside world

2025

Initial phase of Free Trade Port system in place, with widespread adoption of high-level, national-standard business environment

2035

Free Trade Port system enters mature phase, while business environment acknowledged as world-class

For further details in Chinese, please refer to the following link:

Guiding Opinions of the Central Committee of the Communist Party of China and the State Council on Supporting Hainan to Further Deepen its Reform and Opening-up

Content provided by

Extended Readings

Comments (0)

Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)

EMAIL*

FIRST NAME*

LAST NAME*

COUNTRY / REGION*

I acknowledge that the above information may be used by the Hong Kong Trade Development Council (HKTDC) for incorporation in all or any of its database for direct marketing or business matching purpose (and may therefore become available to the public within and/or outside of Hong Kong for use by them), and for any other purposes as stated in the Privacy Policy Statement (available at http://www.hktdc.com/mis/pps/en); I confirm that I have the consent and the authority of each individual named in this form to release their personal data for the purposes stated herein.

(If you are from a member state of the European Union ("EU") / European Economic Area ("EEA")), PLEASE tick here if you accept our use of your provided data for direct marketing purposes.

*For non-EU/EEA customers, please skip this box which is solely for EU/EEA customers as required by the relevant data protection law in the EU.

Advertisement

23 April 2018

Hainan Set for Free Trade Zone and Free Port Status

Extended Readings

Comments (0)