Haikou Jiangdong New Area Investment Guide
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Hainan Key Industrial parks and Investment Guide; Haikou Jiangdong New Area
Location and Resources
Jiangdong New Area, established in June 2018, is located on the east coast of Haikou. It starts from Dongzhai Port in the east, crosses the Nandujiang River in the west, reaches the Ring Expressway in the south, and borders the Qiongzhou Strait in the north. Jiangdong New Area is an important part of the Beibu Gulf, the Pan-Pearl River Delta and the Greater South China Sea. It is backed by the Guangdong-HongKong-Macao Greater Bay Area, faces ASEAN, and connects China and Southeast Asia.
The area is home to Haikou Meilan International Airport, the trans-Island high-speed rail Meilan Station and other major infrastructure. It is another important fulcrum by which China can access the global network and connect the Great International Passage of the Belt and Road Initiative.
Jiangdong New Area has rich ecological resources: 31 kilometers of coastline, abundant wetland resources, a dense drainage network, and a variety of flora species. This area is also supplied with public service facilities and clusters of international business and commerce operations including airport trade and ecological tourism that demonstrate scientific and educational innovation.
Focusing on Hainan’s development orientation of "three zones and one center", Jiangdong New Area gives full play to its advantages as a regional aviation hub with a good ecological background, development space and institutional highlands. It will focus in the future on the core functions of large logistics, great aviation service, great guarantees, new consumption and new conventions & exhibitions and trade, and will strive to become an open and innovative industrial system of "airport economy + service economy + ecological economy" qualified as a "a smart pivot in Hainan and a model of urban industry".
Airport Economy: The Airport Economic Zone is positioned to serve the Belt and Road and undertake the highly integrated development of ports, industries and services driven by the harbor and the airport. Focusing on aviation maintenance, bonded aviation oil, aviation logistics, cross-border commerce and other interests, it will be built into an international aviation hub showing airport industry leadership.
Ecological Economy: Based on its unique ecological environment Jiangdong New Area will seek coordinated development of the economy and the environment and develop a high-end medical tourism industry featuring health preservation. It will build health tourism resort areas, health-care resort centers, and tourism resource service centers for delivery of medical treatment, medical cosmetology, rehabilitation and health care, and four key areas of medical tourism specifically for health preservation.
Service Economy: The New Area’s goals are to build a headquarters economy area, adhere to the planning concepts of symbiosis, integration and sharing, and create the world's leading ecological CBD. It intends to make breakthroughs in the service economy, accelerate the planning of modern finance, develop a headquarters economy and professional services and a digital trade economy; and break through into education, culture and creativity.
Innovative management system and mechanism: Explore the establishment of the new model of governance services of "statutory body + market operation"; set up a statutory body managed by Haikou City to be responsible for the development, construction and management of Jiangdong New Area.
Endow the administrative examination and approval authority according to law: Incorporate Haikou Jiangdong New Area into the list of provincial key parks, and promote and apply “the most-simplified-approval” investment system within the legal framework.
Increase financial support: According to the annual actual needs of infrastructure projects and industrial development of Haikou Jiangdong New Area, prioritized support through yearly and increasing bond funds will be given. Before December 31, 2022, all the retained provincial and municipal taxes of Haikou Jiangdong New Area will be rewarded to the park exclusively to support its development and construction. After deducting the cost, the national statutory special funds, and the land transfer fees for key projects funds will be allocated in the one enterprise one policy mode with collective decision making.
Overall plan and guarantee of construction land: The provincial government is to wholly manage the newly increased construction land index of Jiangdong New Area. The arable land occupied by major infrastructure construction in Jiangdong New Area will be guaranteed by the provincial government as a whole. The Haikou Municipal Government is authorized to self-prepare, promulgate and implement benchmark land prices in the Haikou Jiangdong New Area.
Promote the development of key industries: Support the Haikou Airport Economic Zone (AEZ) in enjoying the bonded area policy and promote the establishment of a special customs supervision zone in the AEZ to carry out air bonded maintenance, financial leasing and other businesses. Assess and reward the annual KPI to the development of key industries based on the “Earn-out” principle, and maintain the park’s entitlement to use the rewards to attract investment, motivate talents, or support the development of its enterprises.
Increase support for the headquarters economy： Increase financial support based on the existing policies for headquarters enterprises identified in Hainan province and registered in Jiangdong New Area, which have made outstanding contribution to industrial structure adjustment, employment and tax revenue to the New Area.
Encourage and support scientific and technological innovation： Explore reform of the use and disposal of scientific and technological achievements and the management of income, and improve the system of job invention and transformation of scientific and technological achievements. Carry out a pilot program to grant researchers the right of ownership or the right of long-term use of their scientific and technological achievements.
Encourage land system innovation： On the premise of not violating the basic principles of the reform of the rural land system, encourage Haikou Jiangdong New Area to explore the institutional innovation of the separation of ownership, qualification for and use of rights of homestead, and make full use of the existing and idle homesteads and houses.
Strengthen the protection of talents： Allow Haikou Jiangdong New Area to independently identify talents according to provincial high-level personnel standards, report to the Hainan Provincial Human Resources Development Bureau for the record, and formulate its own high-demanded talent directory while enjoying the unified talent subsidy policy of the province.
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