China is planning to build a high-quality free port in Hainan province in steps and phases, the country's top economic regulator said on Monday.
With its construction of the Hainan Pilot Free Trade Port, Hainan has not only ushered in unprecedented development opportunities, but has also faced the complicated management of entry and exit issues.
South China's Hainan province has been committed to promoting institutional innovation, with six batches of 71 innovation cases having been carried out.
The Hainan International Business Council, which opened in April last year to serve international enterprises in the Hainan Pilot Free Trade Zone (Port) and to attract more global investments, launched a special hotline on March 9 to better serve investors.
Through government and enterprise synergy, many foreign-invested firms in Hainan province have resumed production.
Morning Laura, a ro-ro cargo ship packed with 430 vehicles from Qatar, arrived in Haikou on Feb 16 after a 16-day voyage and then berthed at Xiuying Port, marking the first vessel to bring parallel imported cars to Hainan Pilot Free Trade Zone.
Southern China's island province of Hainan has launched a 3 billion yuan ($449 million) fund for free trade zone (FTZ) construction, local authorities said Sunday.