Hainan free trade port

China Bureau members were able to join a recent online forum focusing on the opportunities arising from a huge new “free port” development on the island of Hainan.

The Hainan Free Trade Port, officially launched earlier this year, will be a low tax, zero tariff zone providing tax incentives for overseas direct investment.

The project aims to turn Hainan, which is off the southern coast of China, into a major global free trade port by 2050.

As well as the construction of 11 new industrial parks on the island, the project will feature a new 1,000-km tourist highway, the world’s largest port for cruise ships, an international exhibition and convention centre, new overseas schools and universities, and new hubs for aviation and shipping.

The project will be showcased at the China International Consumer Products Expo in Hainan in May next year.

For further information please visit www.investhainan.cn