Hainan investment environment, with the support of central and local government, is conducive for investors. Situated at the southernmost tip of China, Hainan overlooks Guangdong across the Qiongzhou Strait to the north, Vietnam across the Beibu Bay to the west. It is at the center of the Asia Pacific economic circle with ready access to international shipping routes of the South China Sea. Hainan boasts rich biological resources and enjoys the reputation of a "green treasure island". With a wide range of tropical plants, flowers, fruits and herbs, Hainan is the largest tropical gene bank of China. It also has rich oil, natural gas, ferrous metals, non-ferrous metals, sea salt and soil resources.
Economic Overview
Hainan Island, part of the southernmost province of China, is not only the largest special economic zone in the country but also a key link on the 21st Century Maritime Silk Road. With its dynamic and vibrant economic developments, especially the gradual exploration of establishing the China (Hainan) Pilot Free Trade Zone and a free trade port with Chinese characteristics, Hainan has attracted investors from all around the world.
Pillar Industries
To accelerate and optimize industrial structure in Hainan province as a new economic growth point, and promote Hainan's comprehensive, sustained and healthy development economically and socially, instructions to adhere to ecological red lines have been implemented. According to the Main Functional Area Planning in Hainan province and the red line of ecological protection requirements, the overall development of space and industrial layout was formulated based on the province's economic and social development over a period of time.
There are 12 key provincial cultivation industries:
Tourism;
Tropical feature high-efficiency agriculture;
Internet industry;
Medical care and health industry;
Finance and insurance industry;
Exhibition industry;
Modern logistics industry;
Oil and gas industry;
Pharmaceutical industry;
Low carbon manufacturing;
Estate industry;
High technology, education, culture and sports industry.
Advantages of Hainan Free Trade Zone
Firstly, it has unique regional advantages. Located in the conjoining area of Asia and the Pacific Ocean, Hainan Island is located midway between Japan andSingapore. It is an important maritime transportation route connecting two major water systems: the Pacific Ocean and the Indian Ocean.
Secondly, it has an open free trade zone policy Hainan is intended to be a free trade zone under a major national strategic policy, and will gradually explore and steadily promote free trade port construction with Chinese characteristics, all planned, deployed and encouraged by the central government.
Thirdly, it has innovative development planning. Hainan was the first pilot province approved by the central government to carry out the reform of replacing multiple plans for provincial development with one master plan.
Fourthly, it has high-level infrastructure. A convenient "traffic network" including the sea, land and air has been constructed in Hainan. The island has the world's first roundabout high-speed railway, running through 12 cities and counties in the east and west.
Fifthly, it has multicultural talent pool. Hainan is the youngest province in China. At present, Hainan has nearly 1.3 million talents, of whom nearly 50,000 are high-level. With its unique ecological environment, Hainan attracts more than 100,000 "migratory bird" talents every year, over 30 percent at the top of their professions.
Sixthly, it has efficient review. Hainan will energetically simplify administrative licensing items, focus on improving examination and approval services, eliminate more than 1,200 items subject to delegated authority to lower-level governments and adjust their examination and approval procedures, and eliminate the application materials for 875 provincial-level administrative licensing items.
Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512 or 86-755-82143181 or emailing to tannet-soultion@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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