A shopper tries on branded glasses at a duty-free shop in Sanya, Hainan province. [Photo/Xinhua]
BEIJING - Market entities will enjoy a batch of benefits in investment, tax and market access when doing business at the Hainan free trade port, Shen Xiaoming, governor of Hainan, said Monday.
License application and government approval will not be required for industries that are not prohibited by law or mandatory standards, Shen told a press conference in Beijing.
Foreign investment will be subject to a management system combining pre-establishment national treatment and a negative list designated for the free trade port, further reducing restrictions and prohibitions on the basis of free trade zones, Shen said.
Domestic firms registered in the free trade port will be encouraged to raise funds by issuing shares abroad. The free trade port will also offer tax benefits for firms operating in sectors such as tourism, modern services and high technology by exempting enterprise income tax for the income from their direct investment overseas.
Hainan, the world's largest free trade port, is now at the forefront of China's reform and opening-up. It embraces th...
Here is an infographic to show you the goals and bonuses of Hainan Free Trade Port.
Overview
Haikou 
Sanya 
