Investment environment

Advantages

First, it has unique regional advantages. Located in the conjoining area of Asia and the Pacific Ocean, Hainan Island is located midway between Japan andSingapore. It is an important maritime transportation route connecting two major water systems: the Pacific Ocean and the Indian Ocean.

Second, it has an open free trade zone policy Hainan is intended to be a free trade zone under a major national strategic policy, and will gradually explore and steadily promote free trade port construction with Chinese characteristics, all planned, deployed and encouraged by the central government. The China (Hainan) Pilot Free Trade Zone will operate across the entire island, with its strategic positioning as a "pilot area with comprehensively deepened reform and opening-up ", a "national experimental area for ecological civilization", an "international tourism consumption center" and a "national major strategic service area".

Third, it has innovative development planning. Hainan was the first pilot province approved by the central government to carry out the reform of replacing multiple plans for provincial development with one master plan. In accordance with requirements of pilot reforms proposed by the central government, Hainan insists on unified planning and becoming both a big and scenic city. It wants to break the barriers of department and division segmentation, optimize space layout and resource allocation, and coordinate the six types of space planning, namely essential functions, ecological wealth, urban systems, land use, forest land protection and use, and marine functions.

Fourth, it has high-level infrastructure. A convenient "traffic network" including the sea, land and air has been constructed in Hainan. The island has the world's first roundabout high-speed railway, running through 12 cities and counties in the east and west. Total road length of the province is 20,860 km; the network density is 79.23 km/100 square km. Haikou Meilan International Airport and Sanya Phoenix International Airport have a combined throughput of 40 million person-times. Boao International Airport has been completed and put into operation. The system of "four directions, five ports", with Haikou port and Yangpu port as the two cores, has been improved on a daily basis.

Fifth, it has multicultural talent pool. Hainan is the youngest province in China. It grew from the grand occasion of "100,000 talents crossing the strait" in its early days, and is growing now from the magnificent feat of "1,000,000 talents entering Hainan action plan". At present, Hainan has nearly 1.3 million talents, of whom nearly 50,000 are high-level. With its unique ecological environment, Hainan attracts more than 100,000 "migratory bird" talents every year, over 30 percent at the top of their professions.

Sixth, it has efficient review. Hainan will energetically simplify administrative licensing items, focus on improving examination and approval services, eliminate more than 1,200 items subject to delegated authority to lower-level governments and adjust their examination and approval procedures, and eliminate the application materials for 875 provincial-level administrative licensing items.