Hainan Regional Offshore Trade Center
1. Positioning
Attract large-scale multinational traders at home and abroad to set up trade-oriented headquarters or subsidiaries undertaking settlement functions in Hainan. Using Hainan as a base to develop regional and even global trade businesses, and cultivate and develop new offshore international trade Enhance the gathering function of Hainan International Trade Settlement Center.
2. Project Location and Scale
Yangpu Economic Development Zone, Sanya Central Business District, Sanya Yazhou Bay Science and Technology City, Haikou Integrated Free Trade Zone.
3. Construction period
Year of 2020-2025
4. Goals and Targeted Investors
From April 2020 to the end of 2020, introducing the world's top 500 multinational companies, high-level domestic and foreign trading companies and banks, especially high-quality entities with experience of new offshore international trade business to be developed in Hainan FTP.
Improving the level of supporting facilities, establishing an information sharing mechanism and a "white list" for new high-quality offshore international trade enterprises and launching a pilot program for trade facilitation on foreign exchange receipts and payments, as well as including the new offshore international trade businesses into the catalog of encouraged industries of Hainan Free Trade Port.
The Free Trade Port’s preferential corporate income tax will actively promote the establishment of the Hainan International Clearing House followed by the introduction and training of relative professional talents.
From January 2021 to the end of 2022, introducing leading trading companies to drive the development of the industrial chain, introducing international leading foreign banks to enhance the competitiveness of Hainan’s Banking industry, improving the new offshore international trade supporting service system, researching and building an information sharing platform, optimizing and expanding the scope of the “white list”, optimizing and promoting trade facilitation measures for foreign exchange receipts and payments, relying on Hainan International Clearing House to promote the development of new offshore international trade and continue to increase talent training.
From January 2023 to the end of 2025, Hainan International Clearing House will be built into the core financial infrastructure of a regional offshore trading center. Building the Hainan International Clearing House with cross-border clearing and settlement functions and complete warehouse receipts and over-the-counter derivatives transactions, enriching the institutions for authenticity review of new offshore international trade, and provide a comprehensive and professional platform for the development of new offshore international trade.
Establishing an international-level offshore trading circles, forming an internationally competitive business environment and constructing a simple and efficient unified supervision mechanism.
The main investment targets are Fortune 500 multinational companies focusing on multinational headquarters or settlement centers in the field of logistics, trade and high-tech in accordance with the industrial base in the region, and continue to promote the development of Hainan FTP into a trade settlement center, operation center and procurement center in the Asia-Pacific region.
Introducing domestic and foreign high-level trading companies and banks, especially high-quality entities with experience in offshore new international trade business.
5. Analysis of Strengths
(1) Preferential Policies
According to the latest Mater Plan of Hainan FTP, the following supporting policies have been proposed for offshore trade:
Corporate tax shall be exempted for income from new overseas direct investment for enterprises in tourism, modern service and high-tech industries established in FTP by 2025. One-off full deduction or accelerated amotization could be applied on eligible assets in the current financial period.
Establishing a multi-functional free trade account system. We should establish the foundational platform for Hainan's financial opening to the outside world on the basis of the existing domestic accounts of local and foreign currencies and free trade accounts, and set up the "electronic purse seine" of capital through the isolation of financial accounts, so as to provide basic conditions for realizing the free and convenient cross-border capital flow between Hainan Free Trade Port and foreign countries.
Further promoting the facilitation of trade settlement in terms of cross-border goods trade, services trade and new-type international trade, and turn the bank's authenticity censoring from pre-event audit into post-event audit.
We should simplify the management according to the mode of national treatment plus negative list before access in the link of cross-border direct investment transaction, improve the convenience of registration and exchange in the currency exchange process.
High-end talents and highly-demanded talents employed in Hainan Free Trade Port are entitled to the personal income tax rate of 15%.
(2) Unique Geographical Advantage
Hainan is in the center of the international logistics landscape. In addition, Hainan is an important node on the Maritime Silk Road. It has two broad markets namely China and countries along the "Belt and Road". It connects international and domestic markets and is a highland of opening-up that brings together advanced resources at home and abroad. Providing huge market potential for the development of new offshore international trade industry.
6.Project Planning and Supporting Facilities
(1) Yangpu Economic Development Zone
Yangpu Economic Development Zone is the first national-level development zone in China that is developed by foreign businessmen cluster and enjoys the bonded zone policy. It is the first batch of national demonstration bases for new industrialized park. It is also a National Recycling Transformation Demonstration Pilot Park and the first batch of national green parks. Located at the Yangpu Peninsula in the northwest of Hainan, it has a planned area of 114.78 square kilometers and a total population of about 100,000.
Supporting facilities include complete road network, power grid, optical network, water network, gas network infrastructure, schools, hospitals, commerce, culture, sports and other facilities
(2) Sanya Central Business District
The park is located at the core area of the city, adjacent to the coastline of Sanya Bay with a superior geographical location. The total planned area is 442.51 hectares (approximately 6,638 mu), 235 hectares (approximately 3,525 mu) of land among can be sold or rent, and the total construction volume is 5.05 million square meters (including 200 thousand square meters on a islands not built yet).
It is divided into four areas. East Coast Unit: Large-scale comprehensive consumer business district and the core area of the headquarters, Hailuo Unit: International Garden Headquarters service facilities and international talent community; Yuechuan Unit: International Commercial Cultural Pedestrian Street and Comprehensive Business District; Phoenix Coast: Free Trade Service and Tourism Port Comprehensive consumption area for cruise ships, yachts, culture and art.
Supporting facilities:
Location and transportation: Sanya Central Business District is 8 kilometers away from Sanya Station, 14 kilometers away from the island-loop highway with convenient sea, land and air transportation. It has obvious location advantages as it has complete infrastructure such as roads, water and electricity in the park, and achieve "five infrastructure network and one road" ".
Business: An international business center is built in the park to provide enterprises with office, conference, and financial services.
Living facilities: There are staff dining halls and living facilities in the park, which provide dormitories for employees of enterprises in the park.
(3) Sanya Yazhou Bay Science and Technology City
Sanya Yazhou Bay Science and Technology City is located at the west of Sanya City, Hainan Province adjacenting to Nanshan Cultural Tourism Zone and Fairyland. It has a planned area of 26.1 square kilometers focusing on building "one port, three cities, and one base" (Nanshan Port, Nanfan Technology City, Deep-sea Science and Technology city, Science and Education city and a Transfer Base for the introduction of global animal and plant germplasm resources). Supporting facilities: road network, power grid, optical network, water network, gas network infrastructure, schools, hospitals, commerce, culture, sports and other facilities are relatively complete.
(4) Haikou Integrated Free Trade Zone
The Haikou Integrated Free Trade Zone was established with the approval of the State Council, Haikou is in charge of all responsibilities and rights. It is a special customs supervision area with port, logistics, and processing functions. It is the only integrated Free Trade Zone in Hainan and one of the two special customs supervision areas. It is currently the highest level and strong export-oriented economic agglomeration park.
The park is located at Zhongyin Road in the east, South Second Ring Road in the south, Xinxing Road in the west, and South First Ring Road in the north. The total area is 1.93 square kilometers, and the planned construction land area is the same, 0.94 square kilometers are sold currently which account for 48.7% of the total area, leaving 0.99 square kilometers land not yet transferred.
Supporting facilities:
Location and transportation: Haikou Integrated Free Trade Zone is adjacent to the national first-class port-Macun Port which is 30 kilometers away from Xiuying Port and 5 kilometers away from the Island-loop highway, within 15 kilometers there are 3 high-speed railway station namely Hiakou, Laocheng and Fushan nearby, convenient transportation by sea, land and air is available .
Business: An international business center is built in the park to provide enterprises with office, conference, and financial services.
Living facilities: Staff dining halls and living facilities are available in the park providing dormitories for employees of enterprises in the park.
Email us at business@tropicalhainan.com or
Contact
Yangpu Economic Development Zone
Tel: 0898-28826502, 28810168
Sanya Central Business District
Tel: 0898-88660715, 88660711
Sanya Yazhou Bay Science and Technology City
Tel: 0898-88759511
Haikou Integrated Free Trade Zone
Tel: 0898-67204908
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