日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Hainan races ahead with FTP plans

By Li Xiang | China Daily | Updated: 2020-10-27 07:11
Share
Share - WeChat
A domestically made aircraft of China Southern Airlines lands at an airport in Haikou, Hainan province. [Photo by Zhang Mao/for China Daily]

New guideline widens market access, lowers barriers to trade, investment

The government of Hainan, the southern island province of China, moved a step forward by unveiling a new guideline to widen market access and lower barriers to trade, investment and cross-border capital flows with the goal of building the island into a high-quality free trade port.

The guideline listed 18 action plans with a total of 60 missions that involve promoting institutional innovation, streamlining administrative approval procedures, facilitating free trade and investment and free flow of capital and talent, building an efficient logistics system, and protecting data security.

The goal is to build the island into a free trade port with an efficient and sound legal system, an internationally competitive tax system and first-class business environment and social governance that will attract more companies and investors and help boost the industrial competitiveness and development quality of the island, according to the guideline.

The Hainan Pilot Free Trade Port will implement a zero-tariff policy for goods trade and will further reduce barriers for services trade. Meanwhile, the free trade port will adopt a negative list for the management of imported products.

Another prominent feature of the new guideline is that the free trade port will explore further liberalization of the capital account step by step and will launch a pilot qualified foreign limited partner program, and a qualified domestic limited partner program. The pilot programs will allow both foreign and domestic investors to engage in cross-border investment more freely. The island will also build a new management system for cross-border financing to encourage more efficient two-way capital flows.

China announced the master plan for the construction of the Hainan Free Trade Port in June, marking the official start of the project.

Officials of the National Development and Reform Commission, the country's top economic regulator, said recently that the negative list for foreign investment in Hainan Pilot Free Trade Port is in the making, which will dramatically reduce the number of prohibited and restricted items. With this list foreign companies will have opportunities to invest in the island province, which is to be an important gateway for China's further opening-up.

Experts said that with more favorable policies being drafted and implemented in the province, Hainan is expected to be the next frontier of China's opening-up. Hainan will play a complementary role like the free trade zones in cities such as Shanghai and Shenzhen to boost the country's domestic consumption and foreign trade and investment, they said.

The island has already been seeing a steady influx of tourists and a surge in consumption, following a government policy in July that expanded the annual tax-free shopping quota from 30,000 yuan ($4,500) to 100,000 yuan per person. Hainan recorded duty-free sales of 1.04 billion yuan during the National Day holiday, up 148.7 percent on a yearly basis, according to data from the local Customs department.

Xu Hongcai, deputy director of the China Association of Policy Sciences' economic policy committee, said that Hainan is facing an unprecedented development opportunity and it needs to further improve its infrastructure and governance to attract more talents to do business and more international companies to build regional offices.

The province should also step up reform in the education sector and build more first-class institutes and universities as it will help cultivate a base for innovative technology and attract more talent to the island, which are critically needed for the development of a high-quality free trade port, Xu said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 亚洲精品久久久久久国产精华液 | 国产亚洲精品久久久久久打不开 | 视频一区二区中文字幕 | 激情小说综合 | 热99这里只有精品 | 亚洲国产三级 | 精品国产一区二区三区成人影院 | 国产综合亚洲精品一区二 | 奇米影视7777久久精品人人爽 | 日本视频a| 富二代视频污 | 精品国产一区二区三区久久 | 九九热在线精品视频 | 福利在线看 | 精品视频导航 | 欧美日韩中文字幕在线 | 免费xx视频 | 色综合久久综合网 | 亚洲高清在线 | 日本午夜精品一区二区三区电影 | 日本一区视频在线播放 | 国产午夜免费福利 | 精品日本三级在线观看视频 | 国产精品高清在线观看 | 欧美一级一毛片 | 国精品午夜dy8888狼人 | 五月婷婷社区 | 哥斯拉大战金刚2在线观看免费完整版 | 日韩精品久久久久久久电影 | 一本大道香蕉中文日本不卡高清二区 | 美女午夜影院 | 午夜影院福利社 | 亚洲国产成a人v在线观看 | 国产麻豆一区二区三区 | 一级做a爰片久久毛片 | 日本三级韩国三级香港三级 | 国产成人久久 | 冰封侠:时空行者 | 性明星video另类hd | 日韩精品中文乱码在线观看 | 欧美成人伊人久久综合网 |