[Explanation] On April 12, the State Council Information Office held a press conference on the progress of the Hainan Free Trade Port policy system. Hainan Provincial Governor Feng Fei said at the press conference that in the past three years, the explosive growth of foreign capital has become the construction of Hainan Free Trade Port. Hainan has become a “new hot spot” for global investment.

　　[Concurrent] Feng Fei, Governor of Hainan Province

　　The first "doubling" is that the actual use of foreign capital has doubled for three consecutive years, and the total amount has exceeded half of the total amount of the 30 years since the establishment of the special economic zone in Hainan.

The second "doubling" is the doubling of foreign investment entities.

Last year (in Hainan Province), the number of newly established foreign-invested enterprises exceeded 1,000, reaching 1,005, nearly three times the number in 2019.

The third "doubling" is the doubling of the source of foreign capital, with investments in Hainan from more than 80 countries and regions, including Russia.

　　[Explanation] Talking about why Hainan has become a "new hot spot" for global investment?

Feng Fei used the "two most" to summarize Hainan's policy preferences.

　　[Concurrent] Feng Fei, Governor of Hainan Province

　　The first "most" is the shortest negative list of foreign investment.

There are 33 in the country, 30 in the free trade zone, and 27 in Hainan.

The second "most" is the lowest corporate tax burden.

For example, corporate income tax, Hainan encouraged industrial enterprises enjoy 15% (corporate) income tax, and high-end talents enjoy up to 15% personal income tax. These two policies are unique in the country.

　　[Explanation] Vice Minister of Commerce Wang Shouwen stated that in the next step, the Ministry of Commerce will further increase its support and accelerate the process of trade liberalization and facilitation of the Hainan Free Trade Port.

At present, the Ministry of Commerce and relevant departments have formed the "Notice on Several Measures to Promote Trade Liberalization and Facilitation of the Hainan Free Trade Port". It has proposed a total of 28 policy measures in terms of trade in goods and trade in services, and will join 19 in the near future. Jointly issued and implemented by the departments.

　　[Concurrent] Wang Shouwen, Vice Minister of Commerce

　　First, these measures are a clear task to implement the overall plan for the construction of the Hainan Free Trade Port.

In the field of goods trade, in accordance with the requirements of "first-line" liberalization and "second-line" management, the measures for automatic import license and mechanical and electrical import license management are cancelled.

In the field of service trade, in accordance with the requirements of "both access and operation", foreign institutions are explicitly allowed to independently hold foreign economic and technological exhibitions other than the words "China", "China", "National", and "Country".

Second, it serves the construction needs of the Hainan Free Trade Port.

Help Hainan Free Trade Port to increase trade volume, gather market players, and build a new global or regional offshore international trade center and a regional international exhibition center.

Third, improve some supporting policies in the field of trade.

Establishing work stations to deal with trade frictions and trade adjustment assistance mechanisms, improving statistical monitoring systems, etc., to achieve integrated innovation in the trade system.

　　Reporter Liu Xuanting reports from Beijing

Editor in charge: [Ji Xiang]