China News Service, Haikou, October 12 (Zang Huibin) Under the background of the construction of a free trade port, the Hainan State-owned Assets System created the first provincial state-owned enterprise with assets exceeding 100 billion yuan.
Hainan Provincial Development Holdings Co., Ltd. (referred to as Hainan Holdings) introduced on the 12th that as of the end of September this year, its total assets had reached 104 billion yuan.
Hainan Holdings was established in 2005 with an initial scale of only 800 million yuan. In 16 years, it has achieved a 100-fold increase in assets.
At present, Hainan Holding Company has 169 holding and equity holding companies, and has become one of the two provincial-level state-owned capital investment and operation pilot enterprises in Hainan Province. It is also the first state-owned enterprise with AAA credit rating in Hainan. Transformation of a comprehensive large group company.
It is reported that as the main investment body and financing platform for major projects in Hainan Province, Hainan Holdings plays an important role in the construction of free trade ports such as Hainan’s "five networks" infrastructure, key park development, and key security projects.
Hainan Holdings introduced that its duty-free business has been developing smoothly. Since the opening of Haikong Global Boutique Duty-Free City at the end of January this year, sales have exceeded 1 billion yuan.
In the future, Haikou will create a "free trade port headquarters economy, high-end boutique duty-free shopping centralized display window", participate in the construction of a global consumer boutique expo park, and create a "never ending consumer expo" with the characteristics of Hainan Free Trade Port.
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