Page 182 - 2025 Special Report

the critical development stage of forming its On 30 December 2018, the People’s Government
launch capability, aiming to commence regular of Hainan Province released the Implementation
commercial operations and ramp up its position Plan of the China (Haikou) Cross-Border
as the hub of commercial spacecraft launches. The E-Commerce Comprehensive Pilot Zone. According
revenue of Wenchang International Aerospace City to the Plan, through three to five years of practical
achieved RMB22.1 billion in 2023 , with multiple exploration, Hainan will strive to generate from
89
economic indicators leading the provincial level the China (Haikou) Cross-Border E-Commerce
industry parks. Comprehensive Pilot Zone a new format and
model for cross-border e-commerce with “online
The city also plans to accelerate the construction integration + cross-border trade + integrated
of its rocket industrial park and satellite and services” as the main characteristics and “logistics
rocket super factory, promoting the integration clearance channels + cross-border e-commerce +
and innovation of the industrial chain. The integrated service supervision information system
construction of a public platform for scientific + financial value-added services” as the core
and technological innovation will be expedited to competitiveness, with integration of board, tax,
provide strong support for normalized commercial foreign exchange, business, goods, connection
launch missions. Moreover, the city has signed and online, cross-border e-commerce integrated
strategic cooperation agreements on 26 key service supervision platforms into the integrated
industrial projects with aerospace institutions and park platform.
enterprises, with a total investment of RMB4.6
billion , covering core fields such as rocket, satellite
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and data chains, as well as science and innovation, Summary
capital and service chains. A RMB10 billion (US$1.4
billion) industrial fund has been launched also for The Hainan Free Trade Zone is committed
aerospace, new energy, digital economy and other to (i) improving the level of investment and
industrial development projects. trade facilitation, (ii) expanding the opening up
of the financial sector and (iii) accelerating the
In the future, the city will focus more on creation of a convenient business environment
developing aerospace launching and supporting through the “separation of licenses and licenses”
service industries, high-end aerospace product reform, relaxing credit and trade restrictions,
R&D and manufacturing industries. It will accelerate developing high-tech technology and supporting
the “aerospace+” extended industries strategy industry funds, guiding the digital transformation
and invest particular in the aerospace big data of enterprises and creating a networked and
applications, aerospace life sciences, aerospace intelligent digital industry. Hainan Province
tourism and wellness areas. focuses on supporting the development of the
agriculture, medical care, tourism and leisure
China (Haikou) Cross-border E-commerce industries, encouraging foreign investment,
Comprehensive Pilot Zone establishing electronic ports, supporting private
enterprises to develop financial services and
In August 2018, the State Council issued building a high-tech agricultural demonstration
the Official Reply of the State Council on zone and a leading international medical tourism
Approving Proposed Cross-border E-commerce zone in Bo’ao.
Comprehensive Pilot Zones in 22 Cities Including
Beijing, approving the establishment of the
China (Haikou) Cross-border E-commerce
Comprehensive Pilot Zone.

89 Government site of Hainan, https://www.hainan.
gov.cn/hainan/5309/202412/8948c2006f8f40a3aa61b3
99dddec42e.shtml
90 https://www.stdaily.com/index/kejixinwen/202311/
465b1959f4cc4428867be5d3aae6fb11.shtml

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