Ministry of Commerce: Speed up the construction of Hainan Free Trade Port
Xinhua News Agency, Beijing, April 13 (Reporters Chen Weiwei, Wang Yuxiao) Tang Wenhong, Director of the Port Department of the Free Trade Zone of the Ministry of Commerce, said on the 13th that he will continue to promote the construction of the Hainan Free Trade Pilot Zone at a high level and strive to achieve more changes in system innovation Multiple achievements and replication and promotion to the whole country; at the same time, accelerate the construction of Hainan Free Trade Port, promote the formation of a new pattern of comprehensive opening, and build China's important opening door to the Pacific and Indian Ocean.
Tang Wenhong gave a speech on the construction of Hainan Free Trade Pilot Zone that day. Tang Wenhong said that since the "China (Hainan) Pilot Free Trade Zone Overall Plan" was released, all work has been going smoothly and has achieved remarkable results. The reform pilot tasks identified in the overall plan have been fully implemented, especially the exploration of trade and investment liberalization and facilitation, which are closely related to the construction of free trade ports, has been carried out in depth, and the results of construction have continuously emerged. At present, the implementation rate of the pilot tasks determined by the overall plan has reached 97%.
Tang Wenhong introduced that through the construction of the Pilot Free Trade Zone, the international opening of Hainan Province has been greatly improved. In 2019, the number of newly-increased foreign-funded enterprises and the actual growth rate of foreign capital utilization in the Hainan Free Trade Zone exceeded 100%. At the same time, market players are accelerating. In 2019, Hainan added 220,000 new market players, a year-on-year increase of 71% and an average daily increase of 670 households. 28 Fortune 500 companies have settled in Hainan, with a total of 33 headquarters companies. In addition, the Hainan Pilot Free Trade Zone has summarized 71 batches of institutional innovation cases in six batches. Among them, innovations such as “Intellectual Property Securitization” have been evaluated and have basically met the conditions for replication and promotion nationwide.