Offshore Trade
Current Status
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Hainan has made great efforts to develop new forms of
international trade, explore the global ways of foreign
exchange and establish an offshore trade tax system in
line with international standards.
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In order to further increase the level of opening up,
Hainan takes advantage of its location, policies,
environment, and ports to build an offshore trade
center.
Development Advantages
Development Direction
The establishment of National
Offshore Trade Pilot Area
Overall advantage
§
Offshore trade in Hainan benefits from the
construction of the FTP, including the coverage of area,
various pilot industries, strong and sound coordination
among different areas.
Yangpu
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Logistics and Customs supervision:
Single window”international trade procedures
“
will enhance the efficiency of Customs
supervision.
Geographical advantage
§
Hainan has excellent ports all around, and sea cargos
can be directly unloaded and transferred to all places in
China. It helps Hainan to transit into a trade center
from a logistic center.
§
International shipping: Yangpu Port
becomes an international transfer port, with
tax refund at the original ports and
convenience of LCL .
§
§
International Energy Trade: Target the
business of blending of bonded fuel oil to meet
the market of ASEAN.
Promote free trade policies in trading, finance,
local currency settlement and other fields.
New Opportunities
for FTP Investment
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§
§
Simplify company registration. Further
simplifying the registration of offshore companies,
including simplifying the procedures, lifting the
restrictions of foreign personnel registry in China,
and promoting foreign investment.
“One center, five agglomerations”
Sanya
Agglomeration of
transaction factors
Agglomeration of listed
companies
Introduce preferential policies. Implement
more preferential tax policies for individuals and
enterprises, gradually permit the cross-border flow of
foreign exchange funds, and marketize interest rates
of deposits and loans in offshore areas.
Offshore
Finance/Trade Center
Agglomeration of large
capital management
Agglomeration of
insurance industry
Attract high-end talents, especially offshore trade
service talents.
Agglomeration of
financial conferences