Category: Business News

It’s believed that Ireland’s industry and Hainan’s growth development plans complement each other, especially in the areas of science, high-tech, agri-food produce, pharmaceuticals, med-tech and education

Hainan is in the process of opening up communication resources, value-added telecommunications services, removing restrictions such as percentage of foreign shareholders, allowing online data processing and transaction processing, as well as opening up basic telecommunications services, providing a broad investment space for domestic and foreign companies.

As the southernmost province in China, Hainan has the unique advantages of low latitude and a coastal location, offering benefits such as less fuel consumption for space launches, better safety against falling debris and more convenient transportation, Wenchang has a port which can be used for delivery of heavy equipment

Hainan has built a deep-sea scientific test and research and as well as a comprehensive service support base for the defence industry and created a high-end marine equipment industry cluster focused on the South China Sea.

Hainan's seed technology industry, of the 28,500 cultivated crop varieties nationwide, more than 70% have been cultivated in the southern breeding base

Domestic ships that engage in same ship transport for domestic and foreign trade with Yangpu Port as an entrepôt are allowed to refuel with bonded fuel required for the current voyage.

Hainan is a major aviation province. In 2019, 4 airports in Hainan received over 45 million passengers, ranking 12th in the country.

Since April 13, 2018, Hainan has cooperated with 36 well-known domestic and foreign universities and 51 well-known domestic and foreign schools, focusing on the key areas of Lingshui Li'an International Education Innovation Pilot Zone, Sanya Yazhou bay science and Education City, Jiangdong International Education New District as well as other key education parks

In conjunction with many institutional documents, the Hainan Free Trade Port has advantages in terms of establishing professional service enterprises, business operations and private practices