More than 60 top Chinese and oversea’s companies sign Hainan agreements

More than 60 top Chinese and oversea’s companies have signed investment and cooperation agreements to set up offices or operational headquarters in Hainan since the central government announced its support to build Hainan into a FTZ in April this year.

According to the Hainan Provincial Bureau of Commerce, an additional 100 companies have expressed intentions to settle in Hainan including State-owned enterprises such as China Travel Service Group, China COSCO Shipping Corp, China Poly Group Corp and Sinochem Group; overseas giants such as Temasek, KPMG, Deloitte Touche Tohmatsu and DTZ Holdings; and private groups including Tencent Group, JD Group, Suning Group and Pacific Ocean Construction. Agreements are expected to be signed with them in the near future.

PricewaterhouseCoopers, and Ernst & Young were amongt the first international professional service companies to set up operations on the island with China DaTang Group set to follow suit by moving its international trade headquarters here in the very near future.

It has been announced that more than 20 agreement have been signed in recent days in Beijing covering satellite navigation, artificial intelligence, big data and new material technologies sectors.

Source: Chinadaily