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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

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Announcement on the Introduction of “Guarantee and Instant Pick-up Delivery Methods” for Duty-Free Shopping on Hainan Island

In an effort to enhance the duty-free shopping experience for island-bound tourists, Hainan Island has introduced that the "Guarantee Delivery" and "Instant Purchase and Pick-up" methods are now available for tourists purchasing duty-free goods from Hainan's duty-free shops.

New Duty-Free Pickup Point for Rail and Ferry Travelers Opens at Haikou South Port

In a move aimed at supporting the development of the Hainan Free Trade Port as an international tourism and consumption centre, the duty-free pickup point for travellers departing Hainan Island by rail and, or, ferry will open on March 23rd at Haikou South Port (海口南港), according to the Hainan Daily.

Haikou’s Marine Economy: A Spatial Breakdown of the 11 Key Industries

March 1st, the Haikou Municipal Natural Resources and Planning Bureau issued the "Industry Map for Innovative Development of Haikou's Marine Economy, the goal of which is to set the direction for future development as well as coordinate the spatial layout of the city's marine industry, accelerate the upgrading and adjustment of the industry, promote precise investment attraction and project implementation, and support the development of regional marine industry brands.

Building Bridges: Foreign Talent Open Day Explores Opportunities for Hainan Free Trade Port and Jiangdong New District

On February 28th, the Haikou Jiangdong New District Management Bureau and the Haikou Foreign Experts Bureau jointly hosted a Foreign Talent Open Day event in Haikou Jiangdong New District. Amidst the rich aroma of local Hainan coffee beans, foreign talents from Hong Kong, Europe, North America, and Southeast Asia shared their vision and hopes for studying, working, and developing in the Hainan Free Trade Port.

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Hainan achieves nearly 80 billion yuan in online transactions, year-on-year growth of 16.05% in first quarter of 2021

Hainan achieves nearly 80 billion yuan in online transactions with a year-on-year growth of 16.05% in first quarter of 2021

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Extreme Weather Warning, Temperatures of 38 Degrees Expected Today in Haikou

Hot! Hot! Hot! The temperature is expected to reach a high of 38℃ in Haikou today, with an orange warning for high temperatures in effect. This is the first warning of its kind this year and is expected to continue until tomorrow.

Announcement on the Introduction of “Guarantee and Instant Pick-up Delivery Methods” for Duty-Free Shopping on Hainan Island

In an effort to enhance the duty-free shopping experience for island-bound tourists, Hainan Island has introduced that the "Guarantee Delivery" and "Instant Purchase and Pick-up" methods are now available for tourists purchasing duty-free goods from Hainan's duty-free shops.

New Duty-Free Pickup Point for Rail and Ferry Travelers Opens at Haikou South Port

In a move aimed at supporting the development of the Hainan Free Trade Port as an international tourism and consumption centre, the duty-free pickup point for travellers departing Hainan Island by rail and, or, ferry will open on March 23rd at Haikou South Port (海口南港), according to the Hainan Daily.

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