China releases master plan for Hainan free trade port
China released a master plan for the Hainan free trade port, aimed at building it into a high-level port facility by 2025.
China released a master plan for the Hainan free trade port, aimed at building it into a high-level port facility by 2025.
China''s Hainan is set to enhance and simplify foreign exchange processes and achieve free flows of cross-border capital.
In July 2025, China''s top policymakers have officially confirmed that Hainan Free Trade Port (HFTP) will implement its long-anticipated "customs
2. Why China selected Hainan for its first Free Trade Port 2.1. Geographical location and natural resources 2.2. Early achievements of the Hainan economic zone 3. Key
South China''s tropical island province of Hainan is intensifying efforts to establish itself as a high-level free trade port (FTP) by 2025. Key plans were outlined in a government
As part of China''s strategic initiative to transform Hainan into a world-class free trade port, the government has released the 2024 Edition of the Catalogue of Encouraged
Many favorable policies have since been issued to support the development of the Hainan Free Trade Port (FTP), including the implementation of zero tariffs and the easing of
"We will strive to build the Hainan Free Trade Port into an important gateway leading China''s opening up in the new era, contributing to the sustained development of the
Hainan also puts great emphasis on developing the digital economy, devoting major efforts to help build a new digital infrastructure
"We will strive to build the Hainan Free Trade Port into an important gateway leading China''s opening up in the new era, contributing to the sustained
"We will strive to build the Hainan Free Trade Port into an important gateway leading China''s opening up in the new era, contributing to the sustained development of the Chinese economy
South China''s tropical island province of Hainan is intensifying efforts to establish itself as a high-level free trade port (FTP) by 2025. Key
For Global Supply Chains, it adds a vital "China option," offering multinationals a new solution for optimizing Asia-Pacific and global production footprints, thereby enhancing
In the next step, Hainan will implement high-standard international economic and trade rules, and integrate into the global network of high-standard free trade zones, Liu said. It
The construction of a free trade port in Hainan presents the opportunity of a pilot site for a version 3.0 of the free trade area between
Big changes are underway in Hainan—and they''re designed to make everyday life smoother for residents, expats, and businesses alike. China''s Hainan Free Trade Port will
In April 2018, China announced a decision to develop Hainan into a pilot free-trade zone while gradually exploring and steadily promoting the establishment of an FTP with
In a move to bolster the growth of the Hainan Free Trade Port and broaden the spectrum of zero-tariff goods, a joint announcement by
The construction of a free trade port in Hainan presents the opportunity of a pilot site for a version 3.0 of the free trade area between China and ASEAN and even more
A staff member is busy at the workshop of the Hainan Well Lead Medical Technology Development Co., Ltd. in Haikou, south China''s Hainan Province on May 21,
As the Hainan Free Trade Port continues to develop, the province is stepping up its efforts to pursue more liberal trade policies. Industrial clusters are rapidly taking shape in
In June 2020, China released a master plan to build the whole of Hainan Island into a globally influential and high-level free trade port by the middle of the century.
An aerial photo taken on Feb. 6, 2025 shows the completed centralized inspection site project of Xinhaigang and Nangang "Second-Line Port" (for freight) in Haikou, south
Hainan Island is rapidly evolving into a global free trade hub with significant policy support and industrial growth.
Hainan also puts great emphasis on developing the digital economy, devoting major efforts to help build a new digital infrastructure covering areas like 5G, computing power and
HAIKOU — President Xi Jinping has called for accelerating the development of Hainan into a free trade port with Chinese
"We will strive to build the Hainan Free Trade Port into an important gateway leading China''s opening up in the new era,
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"We will strive to build the Hainan Free Trade Port into an important gateway leading China's opening up in the new era, contributing to the sustained development of the Chinese economy as well as injecting stability and certainty into the world economy," said Yuan, assistant minister of commerce. ■
Since the launch of the FTP initiative in 2020, Hainan has experienced a surge in foreign trade activities: Over 70,000 new foreign trade companies have been registered. These businesses have significantly contributed to the province’s growing role in international trade.
With its strategic position in global trade networks, the province is set to play a pivotal role in fostering economic growth, innovation, and international cooperation. For more information on Hainan’s Free Trade Port development, visit the Hainan government’s official website.
"The island-wide independent customs operation is a flagship move for the development of the Hainan FTP and a key measure to further expand opening-up," Wang said, calling it "a milestone" in China's opening-up efforts.