Hainan's Official Portal for Global Investors
Hainan authorities gave a large-scale presentation in Hong Kong on the free trade port that is being developed in the province. This was reported by the People's Daily newspaper.
According to the newspaper, the event was organized by the Hainan Provincial Bureau of International Economic Development. It was held at the Hong Kong Convention and Exhibition Center. At the presentation held under the slogan "New Era - New Openness - New Business Opportunities" was attended by over 500 people, including representatives of the central government of China and the administration of the special administrative region, heads of large companies.
Hainan pays great attention to the development of cooperation with Hong Kong, Secretary of the CPC Hainan Provincial Committee Shen Xiaoming said during the event. He noted that after the pandemic ended, the island's authorities restored flight connections to this special administrative region first, and also organized the first government presentation in its territory.
"We have come to Hong Kong again and hope for more contacts, more cooperation," Shen Xiaoming added.
In addition to presenting the potential of Hainan's free trade port, themed events were held on the advantages and opportunities of Haikou, the provincial administrative center, the resort city of Sanya, and the industrial city of Danzhou (northwest of Hainan), where the key deep-water port of Yangpu is located. The Hong Kong public learned about the successful development of the island's services, tourism and high-tech sectors.
Hainan maintains close ties with the Hong Kong business community, which plays a particularly important role in the province's economic development. Since 2018, when Chinese President Xi Jinping announced the establishment of an experimental free trade zone and port on the island, more than 2,000 companies with Hong Kong capital have emerged on the island. Allocated investment amounted to $9.77 billion during the corresponding period, more than 76% of the corresponding total for countries and regions that have invested in the Hainan economy.
