75 key projects sign to settle in Hainan with total investment of 39 billion yuan.
December 13, the centralized signing of the fourth batch of key projects in the Hainan Free Trade Port was held at the Haikou International Convention and Exhibition Center.
At the signing ceremony, 75 projects were settled in Hainan, including 14 foreign-funded and 61 domestic-funded projects, with a total contractual investment of approximately 39 billion yuan.
Among them, General Electric Co., Ltd., China Huadian Group, China Three Gorges Group, National Energy Investment Group, China Southern Airlines, China Grain Reserve Management Group, China Agricultural Development Group, China Power Construction Group, China Railway Materials Group and Nankai University have signed strategic cooperation agreement with the Hainan Provincial Government.
China General Electric is the world’s largest multinational company with operations in more than 180 countries and regions around the world.
The company hopes to establish a close partnership with Hainan to further strengthen expertise in aviation, medical care, clean energy, digitalization and cooperation in other fields.
Many other key foreign-funded enterprises such as GLP Investment Co. Ltd., Bio plus Biotechnology Co. Ltd., and Huazhijie Telecommunications Co. Ltd. have also successfully settled in Hainan.
Three major industries for investment.
The investment industry focuses on three major industries tourism, modern services, and high-tech.
It also covers culture and sports, education and medical care, financial leasing, international settlement, financial technology, smart logistics, jewelry processing, and other fields with free trade port visibility.
The Hainan International Clearing project was also signed at the event. It will provide entities with international and professional services and aims to further improve the bulk commodity market system of the Hainan Free Trade Port, and continuously enhance the pricing influence of China in the global bulk commodity sector.
Investment promotion teams in Hainan.
Hainan has established 66 investment promotion teams with a total number of 615 people, covering in finance, accounting, trade, commerce, law, foreign languages and other fields.
This year five batches of key projects contracts were centrally signed. A total of 314 projects have been signed, mainly focusing on Haikou, Sanya, Yangpu, Wenchang, Lingshui and Chengmai.
144 projects have settled in key parks, further enhancing the industrial development and regional driving capabilities.
Companies settled in Hainan
The contracted companies include Tesla, EDF, Macquarie, General Electric Co., Ltd., Dutch Shell Co., Ltd., COSCO Shipping, China Merchants Group, COFCO, Sinopec, China Railway Group, China National Pharmaceutical Group, Yanchang Petroleum, Shandong Energy Group, Ali, Tencent, Fosun Group and many other Fortune 500 international and domestic companies.
PricewaterhouseCoopers, KPMG, Deloitte, Ernst & Young, DTZ, Savills, Colliers International, Jones Lang LaSalle, CB Richard Ellis and other internationally renowned investment advisory service organizations have also settled in Hainan.
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