Hainan plans to develop headquarters economy

Hainan province held a thematic session on April 23 to discuss promoting the development of a headquarters economy. 

Provincial governor Shen Xiaoming hosted the session and emphasized the importance of giving full play to the systematic superiority of the free trade zone and unveiling related documents soon as policy support.      

He also put forward several requirements on the headquarters economy progress in Hainan. Municipal governments should be given enough decision-making power to be able to fully play their principal roles. The main functions of the provincial government lie in policy setting and implementation promotion. Moreover, the relationship between the market and government should be carefully dealt with. Market discipline needs to be fully respected and policies should be well applied to stimulate market vitality. 

Shen also pointed out that strict standards should be set up to regulate competition order, especially in Haikou and Sanya, the main areas for Hainan's headquarters economy. The provincial government will innovate the system and mechanism and form a flexible and efficient operation mode to further promote development.