Wednesday, February 12, 2025
20.1 C
Haikou

Hainan Offers Up to 2 Million Yuan to Boost...

Hainan Province has launched an incentive program offering up to 2 million yuan for hosting major sports events to establish the island as a global hub for sports tourism ...

Major Projects Worth 5.463 Billion Yuan Begin in Wenchang,...

Wenchang City, has launched 34 major projects with a total investment of 5.463 billion yuan. This second batch of 2024 projects includes multiple aerospace initiatives, infrastructure developments, and public service improvements …

Hainan to Issue Offshore RMB Bonds in Hong Kong...

Hainan is set to issue offshore RMB local government bonds in Hong Kong for the third time, with a total value of up to 30 billion yuan. This issuance will support public welfare projects and further promote the internationalization of the RMB ...

Hainan Island Open to Wholly Foreign-Owned Hospitals in Major...

China is expanding healthcare sector reforms, allowing the establishment of wholly foreign-owned hospitals in nine regions, including the entire Hainan Island …
HomeBusiness NewsHow does the...

How does the Hainan FTP negative list compare to other FTZ negative lists

The HFTP Has the Shortest Version of the Negative List.

On June 23, 2020, NDRC and MOFCOM jointly issued the new Negative List for Foreign Investments (the “Nationwide Negative List”) and the new Negative List for Foreign Investments in the Pilot Free Trade Zones (the “FTZ Negative List”), both effective on the same day.

The FTZ Negative List has 30 items as compared to the Nationwide Negative List, which contains 33 items.

On December 31, 2020, the NDRC and MOFCOM published the Negative List for Foreign Investments in Hainan Free Trade Port (the “HFTP Negative List”), which consists of merely 27 items restricting foreign investments in relevant sectors.

Below is a summary of the key differences.

Industries Hainan Free Trade Port Free Trade Zone
MiningNo restriction.Foreign investor prohibited in rare earth, radioactive minerals, tungsten exploration, mining and ore dressing
AutomotiveNo restriction.Foreign shareholding in car manufacturing not to exceed 50%. Same foreign company may establish up to two joint ventures (JVs) in the same category of car manufacturing.
TelecomUnlimited foreign shareholding in online data processing and trade processing.
HFTP-registered enterprises may offer internet data center (IDC) and content distribution network services to HFTP and rest of the world
Foreign shareholding in value-added telecom services not to exceed 50%.
EducationWFOE allowed for overseas highlevel universities, professional institutions and non-degree vocational schools in STEM, agricultural and medical fieldsJV required (with Chinese partner dominant) for Pre-K, high schools and higher education.
Social investigation / researchForeign shareholding up to 33%.Not allowed.

What this means is that foreign investors in the mining, automotive, telecom, education and social research services industries will be able to conduct and set up businesses that are not permitted anywhere else in China.

Except for specific regulations related to the mining industry, foreign investors will generally be able to register and obtain their business licenses in Hainan in these industries and further expand into other locations in China.

Source: www.haynesboone.com

Related article: Haikou Jiangdong Invitation to international and domestic construction groups

Tropicalhainan.com launched it’s official mini programme and WeChat account, scan the Qr code to keep up to date with news, sports, entertainment, travel, opinion and more.

Mini programme ad for middle of articles

Leave a Comment:

Make-a-comment-or-complaint
Comment

Latest properties for rent

3 bedroom apartment for sale

No. 20, Yusha Road, Longhua District, Haikou City 海口市龙华区玉沙路20号国贸经典
3
Bedrooms
1
Bathrooms
104 m2
Living area
¥1.4 Mill

Kuroma Yakiniku Japanese Restaurant

Kuroma Yakiniku Japanese Restaurant, located on the fifth floor of Haikou Mixc City, is one of the more upscale Japanese restaurants in Haikou, offering a good dining experience with a few caveats. The service...

English Teacher Needed in Chengmai, Hainan

Hainan Micro-City Future School (iSchool) is a 12-year-system private non-profit international school with the background of traditional Chinese culture and Education of Home-Country Feelings,...

Homeroom/English Teacher- Haikou, Hainan

A talented teacher of English who can teach English is needed in this growing bilingual school which will have students in Kindergarten from August...

English Language Teacher

Haihan Huahai Middle School was founded in collaboration with Central China Normal University in 2013 as a Hainan key private school for students from...

Related articles:

Hainan Offers Up to 2 Million Yuan to Boost Sports Tourism and Events

Hainan Province has launched an incentive program offering up to 2 million yuan for hosting major sports events to establish the island as a global hub for sports tourism ...

Major Projects Worth 5.463 Billion Yuan Begin in Wenchang, Including Key Aerospace Initiatives

Wenchang City, has launched 34 major projects with a total investment of 5.463 billion yuan. This second batch of 2024 projects includes multiple aerospace initiatives, infrastructure developments, and public service improvements …

Hainan to Issue Offshore RMB Bonds in Hong Kong for the Third Time

Hainan is set to issue offshore RMB local government bonds in Hong Kong for the third time, with a total value of up to 30 billion yuan. This issuance will support public welfare projects and further promote the internationalization of the RMB ...

Hainan Island Open to Wholly Foreign-Owned Hospitals in Major Healthcare Reform

China is expanding healthcare sector reforms, allowing the establishment of wholly foreign-owned hospitals in nine regions, including the entire Hainan Island …

Get weekly email updates for new articles published!

Haikou
broken clouds
20.1 ° C
20.1 °
20.1 °
94 %
3kmh
75 %
Tue
20 °
Wed
20 °
Thu
19 °
Fri
20 °
Sat
22 °

Cosy Stays Beyond the Ordinary

Relax, Unwind, and Explore Hainan's Hidden Gems

Kuroma Yakiniku Japanese Restaurant

Kuroma Yakiniku Japanese Restaurant, located on the fifth floor of Haikou Mixc City, is one of the more upscale Japanese restaurants in Haikou, offering...

Haolaile Sushi

Haolaile Sushi is a newly opened Japanese restaurant that is getting a lot of attention recently with an average cost of about 100 yuan...

Qiong A Bar and Restaurant

Located along Binhai Avenue on Holiday Beach, Qiong A Bar and Restaurant offers a relaxed beachfront setting perfect for unwinding. With a prime location...
spot_img

Bored? Need to get out more?

Latest News ...

China Visa-Free Travel Policies The Complete Guide for 2025

China has significantly expanded its visa-free travel policies in 2025, making it easier than ever for international travelers to explore the country. From extended transit periods to new mutual visa exemptions, this comprehensive guide covers everything you need to know ...

2025 Spring Festival Ferry Travel Guide: Tickets, Travel Tips, and Port Instructions

The 2025 Spring Festival travel season will run from January 14 to February 22, lasting a total of 40 days. During this period, the Qiongzhou Strait is expected to see significant increases in traffic volume …

Capture the Beauty of Spring: Hainan’s Scenic Highway Photography Contest

Showcase the beauty of Hainan this spring by participating in the final round of the "Discover Wonders in Every Season" photography contest, for a chance to win prizes up to 5,000 RMB …

Hainan December Weather: Cold Temperatures, Low Rainfall, and High Tides

December in Hainan brings cooler temperatures, lower-than-usual rainfall, and the possibility of giant waves. Here’s a look at what to expect across the island this month …
spot_img

Looking for an international pre-school in Haikou?

Flora's International Preschool has three preschools in the Haikou area. Our schools follow a European curriculum

Continue Reading ...

Cardi B & Travis Scott Receive Exclusive Invitation to Perform in Hainan Island

Hainan Island is on its way to becoming a top music destination! After Kanye West’s sold-out concerts, Haikou officials have invited Cardi B and Travis Scott to perform …

Celebrate Christmas at The Porch Cafe

Join us on Saturday, December 21, for a cozy Christmas dinner filled with comfort and flavour. From hearty roast beef and golden roast potatoes to sweet treats like chocolate cake, we’ve got a festive spread waiting for you ...

2024 ILCA Class Asian (Open) Sailing Championships December 11 to 20 in Haikou

The 2024 ILCA Asian (Open) Sailing Championship, taking place from December 11th to 20th in Haikou, promises to be the largest edition yet, drawing 250 athletes from 17 countries …

Get weekly email updates for new articles published!

Never miss another important notice or event. Be informed of what you need to know, when you need to know it.