Page 132 - 2020 Special Report on the State of Business in South China
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Hainan in developing the island into a pilot free Zone, foster new business formats such as cross-
trade zone. border e-commerce and encourage eligible cross-
border e-commerce companies to build overseas
On June 3, 2018, a press conference for the warehouses and operation centers covering key
Haikou Jiangdong New District of China (Hainan) countries and markets.
Pilot Free Trade Zone was held in Haikou,
announcing the selection of Haikou Jiangdong New - In terms of optimizing the business
District as a key pioneer area for the construction environment, the Notice requires the Hainan
of the China (Hainan) Pilot Free Trade Zone and a Pilot Free Trade Zone to establish and improve
centralized exhibition area for the China (Hainan) a foreign investment service system, compile
Pilot Free Trade Zone. Haikou Jiangdong New foreign investment guidelines, provide foreign
District is located to the east of Haikou, with a total investors and foreign-invested enterprises with
area of 298 square kilometers. It is divided into legal, regulation and policy consulting services,
an eastern ecological function area and a western strengthen foreign investment tracking services,
area integrating industry and urban facilities. and accelerate the implementation of foreign
investment projects.
On November 5, 2019, the Ministry of
Commerce ("MOFCOM") jointly issued the “Circular - In terms of digital industry development,
on Piloting the Policies Practiced in Other Pilot the Notice supports the Hainan Pilot Free Trade
Free Trade Zones in the China (Hainan) Pilot Zone in carrying out digital business practices,
Free Trade Zone” (the "Circular"). The Circular strengthens policy innovation, guides enterprises
proposed: (i) improved investment and trade to accelerate digital, networked, intelligent and
facilitation, including establishment of ports in integrated development, develop e-commerce big
which drugs and biological products would be first data construction applications, and strengthen
imported and allowing foreign law firms to form e-commerce operation analysis.
consortiums with Chinese law offices; (ii) further
opening up of the financial sector, including the - In terms of international economic and trade
entry of private capital into the financial sector cooperation, the Notice proposes to make full
and strengthening of strategic cooperation use of bilateral economic and trade cooperation
with overseas Renminbi offshore markets; (iii) mechanisms and platforms such as exhibitions
accelerated development of the shipping sector, and forums to support Hainan's participation
and further easing of barriers for international in international economic and trade exchanges
vessel management enterprises in the Free Trade and cooperation, and organize international
Zone to carry out related business. commodity expositions; it supports improved
economic and trade exchanges and cooperation
On April 18, 2019, the Ministry of Commerce among Hainan, Hong Kong and Macao, with
("MOFCOM") released the “Notice on Several further opening-up to Hong Kong and Macau.
Measures to Support the Construction of the
China (Hainan) Pilot Free Trade Zone” (the “Notice”), Since November 2018, Hainan has held six
and proposed new measures to accelerate batches of construction and signing ceremonies
development of the China (Hainan) Pilot Free for Hainan Free Trade Pilot Zone construction
Trade Zone: projects, with a total of 664 projects started and
total investment of Rmb309.8 billion, and a total of
- In terms of trade development, support 348 contracted projects with a total investment of
the Hainan Pilot Free Trade Zone to expand Rmb354.5 billion. Since July 2019, the province has
the importation of advanced technology and gained 58,000 new market entities, an increase of
equipment, key parts and components and high- 113% year-on-year, and 14 newly opened major
quality consumer goods, build distinctive service investment project companies.
export bases, and form a service trade industrial
cluster; support construction of the China (Haikou) In the next step, the China (Hainan) Pilot Free
Cross-border E-commerce Comprehensive Pilot Trade Zone will accelerate the construction of a
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trade zone. border e-commerce and encourage eligible cross-
border e-commerce companies to build overseas
On June 3, 2018, a press conference for the warehouses and operation centers covering key
Haikou Jiangdong New District of China (Hainan) countries and markets.
Pilot Free Trade Zone was held in Haikou,
announcing the selection of Haikou Jiangdong New - In terms of optimizing the business
District as a key pioneer area for the construction environment, the Notice requires the Hainan
of the China (Hainan) Pilot Free Trade Zone and a Pilot Free Trade Zone to establish and improve
centralized exhibition area for the China (Hainan) a foreign investment service system, compile
Pilot Free Trade Zone. Haikou Jiangdong New foreign investment guidelines, provide foreign
District is located to the east of Haikou, with a total investors and foreign-invested enterprises with
area of 298 square kilometers. It is divided into legal, regulation and policy consulting services,
an eastern ecological function area and a western strengthen foreign investment tracking services,
area integrating industry and urban facilities. and accelerate the implementation of foreign
investment projects.
On November 5, 2019, the Ministry of
Commerce ("MOFCOM") jointly issued the “Circular - In terms of digital industry development,
on Piloting the Policies Practiced in Other Pilot the Notice supports the Hainan Pilot Free Trade
Free Trade Zones in the China (Hainan) Pilot Zone in carrying out digital business practices,
Free Trade Zone” (the "Circular"). The Circular strengthens policy innovation, guides enterprises
proposed: (i) improved investment and trade to accelerate digital, networked, intelligent and
facilitation, including establishment of ports in integrated development, develop e-commerce big
which drugs and biological products would be first data construction applications, and strengthen
imported and allowing foreign law firms to form e-commerce operation analysis.
consortiums with Chinese law offices; (ii) further
opening up of the financial sector, including the - In terms of international economic and trade
entry of private capital into the financial sector cooperation, the Notice proposes to make full
and strengthening of strategic cooperation use of bilateral economic and trade cooperation
with overseas Renminbi offshore markets; (iii) mechanisms and platforms such as exhibitions
accelerated development of the shipping sector, and forums to support Hainan's participation
and further easing of barriers for international in international economic and trade exchanges
vessel management enterprises in the Free Trade and cooperation, and organize international
Zone to carry out related business. commodity expositions; it supports improved
economic and trade exchanges and cooperation
On April 18, 2019, the Ministry of Commerce among Hainan, Hong Kong and Macao, with
("MOFCOM") released the “Notice on Several further opening-up to Hong Kong and Macau.
Measures to Support the Construction of the
China (Hainan) Pilot Free Trade Zone” (the “Notice”), Since November 2018, Hainan has held six
and proposed new measures to accelerate batches of construction and signing ceremonies
development of the China (Hainan) Pilot Free for Hainan Free Trade Pilot Zone construction
Trade Zone: projects, with a total of 664 projects started and
total investment of Rmb309.8 billion, and a total of
- In terms of trade development, support 348 contracted projects with a total investment of
the Hainan Pilot Free Trade Zone to expand Rmb354.5 billion. Since July 2019, the province has
the importation of advanced technology and gained 58,000 new market entities, an increase of
equipment, key parts and components and high- 113% year-on-year, and 14 newly opened major
quality consumer goods, build distinctive service investment project companies.
export bases, and form a service trade industrial
cluster; support construction of the China (Haikou) In the next step, the China (Hainan) Pilot Free
Cross-border E-commerce Comprehensive Pilot Trade Zone will accelerate the construction of a
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