Business Leaders’ Advisory Council set up in Hainan

January 12th, the Hainan provincial government inaugurated an entrepreneurs consulting committee in Sanya city with the aim of further advancing the opening-up and development of the Hainan Pilot Free Trade Zone.

Alibaba chairman Jack Ma and Tencent chairman Pony Ma were elected president and vice president of the committee.

Other well-known Chinese entrepreneurs and economists on the council include Ning Gaoning, chairman of Sinochem, Zhou Qiren, a professor and economist at Peking University’s National School of Development, and Liang Jianzhang, co-founder and chairman of online travel agency Ctrip.

Shen Xiaoming, governor of Hainan, said the business leaders will focus on the strategic positioning of the Hainan FTZ, the largest of its kind worldwide. They will offer advice and suggestions to help the province achieve major national strategic objectives, and fulfill its main responsibilities, set by the central government, to comprehensively deepen Hainan’s reform and opening-up and build the pilot free trade zone and free trade port with Chinese characteristics.