Hainan actual use of foreign capital increases 252.33%

The number of Hainan's newly established foreign-invested enterprises and the province's actual use of foreign capital both achieved substantial growth in April, according to the Hainan Provincial Department of Commerce. 

From January to April, the number of newly established foreign-invested firms in Hainan increased by 110, with 43 registered in April, up 59.26 percent in April year-on-year.

Since the beginning of this year, newly established foreign-funded enterprises in Hainan have covered trade, investment, medicine, healthcare, tourism, agriculture, logistics, and other fields, with investors from the US and Russia accounting for the majority of the enterprises.

From January to April this year, the actual use of foreign capital in Hainan stood at $316 million, an increase of 252.33 percent compared with the same period last year. Smooth progress of projects have been made, including those by Minmetals Rio Tinto Exploration Company Limited, GLP Logistics, and SOSV China, marking the highlights of the actual use of foreign capital on the island province.