Hainan Free Trade Port is a free-trade pilot zone and a free trade port with Chinese characteristics built on the basis of the Central Government’s deployment on Hainan’s entire island. It is the Party Central Committee’s major decision to focus on the overall international and domestic development and conduct in-depth research, overall consideration, and scientific planning.
On April 13, 2018, Xi Jinping solemnly announced the establishment of a free trade port in Hainan at the celebration of the 30th anniversary of the establishment of a special economic zone in Hainan province.
On the afternoon of April 13, 2018, Xi Jinping solemnly announced at the celebration of the 30th anniversary of the establishment of the Provincial Special Administrative Region of Hainan Province that the Party Central Committee decided to support Hainan Island to build a free trade pilot zone and support Hainan to gradually explore and steadily promote the construction of a free trade port with Chinese characteristics. We will establish a free trade port policy and institutional system in stages and phases.
In accordance with the central government’s deployment, Hainan must strive to become a new benchmark for comprehensively deepening reform and opening up in China’s new era. It will use supply-side structural reform as the main line, build free trade pilot zones and free trade ports with Chinese characteristics, and strive to become China’s comprehensive deepening reform and opening pilot zone. , National Ecological Civilization Experimental Zone, International Tourism Consumption Center, National Major Strategic Service Guarantee Zone.
According to the plan, Hainan will speed up the institutional reforms in the integration of urban and rural development, human resources, finance and taxation, income distribution, and state-owned enterprises; establish international energy, shipping, commodities, property rights, equity, carbon emissions and other trading venues; actively develop new A generation of information technology and digital economy, promoting the integration of the Internet, Internet of Things, big data, satellite navigation, and artificial intelligence into the real economy.
The establishment of Hainan free trade port is a major decision of the Party Central Committee focusing on the international and domestic development, in-depth research, overall consideration, and scientific planning. It is a major measure to demonstrate China’s determination to expand opening up and actively promote economic globalization. People from all walks of life in Hainan have stated that this is a major historic opportunity for the development of Hainan. They praised the precise development of Hainan and at the same time used words like “invigorating” and “fighting” to express their strong desire to contribute to the development of Hainan.