The park was approved by the Hainan provincial government as a provincial industrial park in 2015.
Located in Haitang District with a planned area of approximately 9,118 hectares, approximately 1,450 hectares of construction land was granted since Haitang Bay was developed.
As for planning and authorizing, in May 2007, the Hainan provincial government approved the District Planning and Urban Design for Haitang Bay.
From June 2008 to 2012,Hainan Provincial Department of Housing and Urban-Rural Development approved the Regulatory and Detailed Plans for Haitang Bay Towns, Sanya and regulations for each zones. In 2012, Hainan Provincial Committee of Tourism approved the Integrated Planning of Haitang Bay, Sanya. In April 2014,Hainan provincial government approved the start of editing and revision of Haitang Bay planning, which has already been done and publicized. The planning results would be revised and improved according to the public feedback.
As for industrial positioning, the park focused on the coastal holiday tourism industry, developing exhibitions, cultural and sports tourism, medical care and health, yachts industry and duty-free shopping, building a base for large-scale events for Hainan island international film festival, international music festival and international e-sports competition.
As for investment and output, since the development and construction of Haitang Bay, the park has invested 131 billion yuan in fixed assets. In 2018, the park invested 20 billion yuan in fixed assets, 11.56 billion yuan a year in average. The annual output is about 17.5 billion yuan. In 2018, the annual tax income was 726 million yuan. Currently, there are about 18,000 employees in the park.
As for business attraction, Haitang Bay service park signed contracts for six projects in 2018, including Sanya maritime sports characteristic town project, Sanya ISY music theme park project, Sanya Lanhai healthy valley project, Baoneng Group luxury medical and maintenance health project, Ethnic Chinese Culture Group cultural and tourism complex project, FIA Formula E Championship and Formula E Hainan international tourism and holiday resort project.
Several medical industries, such as Haitang Bay international medical care and health maintenance project, are under construction. Haitang Bay duty free city logistics base, as well as the Hexin Island commercial district project are also under construction. Other projects, including Sanya Haitang Bay yacht community and Sanya international life and health science management center, are in the process of optimization of project design. These projects will also be under construction.