Page 124 - 2021 Special Report
P. 124
Fig 10 Rapidly developing tourist industry in Hainan

Source: Wind

of a free trade port, and the quality and efficiency flow of capital, free and convenient access for
of economic development will be markedly people, free and convenient transportation, and
enhanced. secure and orderly flow of data. The “1” represents
constructing a modern industrial system. Special
By 2035, the free trade port system and emphasis should be placed on the strengths
operation mode will be more mature. Trade and characteristics of Hainan when vigorously
and investment rules characterized by freedom, developing the tourism, modern service and high-
fairness, rule of law and high-level process tech industries. The “4” represents strengthening
supervision will be basically established to realize institutional building in terms of tax systems,
free and convenient trade, free and convenient social governance, rule of law, and risk prevention
investment, free and convenient cross-border and control systems.
flow of capital, free and convenient access for
people and free and convenient transportation, Hainan Action Plan for Creating a First-
as well as secure and orderly flow of data. The class Business Environment (2020-2021)
business environment will be more optimized,
the system of laws and regulations will be In order to accelerate the formation of the rule of
sounder, the risk prevention and control system law, internationalization, facilitation of the business
will be more rigorous, and a pattern of modern environment, and further stimulate market vitality
social governance will be basically formed, with and creativity, the establishment of the Free Trade
Hainan becoming a new highland of China's open Port in Hainan Province will be accelerated. On
economy. 10 October 2020, the Communist Party of China
Hainan Provincial Party Committee General Office
By the middle of the century, a high-level free and the General Office of the People's Government
trade port with strong international influence will of Hainan Province issued the “Hainan Action Plan
have been fully built. for Creating a First-class Business Environment
(2020-2021)”. This action plan includes:
II. Institutional Design
- In terms of setting up enterprises, Hainan
The main content of the overall plan can be will further deepen the pilot reform of "separation
s u m m a r i z e d a s " 6 + 1 + 4 ". T h e “ 6 ” r e p r e s e n t s of licenses" to cover the whole province.
free and convenient trade, free and convenient
investment, free and convenient cross-border

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