Since its establishment 28 years ago, the national hi-tech industrial development zone in Haikou has been transforming and upgrading in terms of its management, investment attraction, and policies.
The fifth batch of construction projects in Hainan Pilot Free Trade Zone started construction or reached contracts on July 18 in Haikou.
A promotion conference on the construction of the Hainan Pilot Free Trade Zone and Free Trade Port was held in Beijing on July 21, the first day of Hainan Day at the 2019 Beijing International Horticultural Exposition.
During the first half of 2019, foreign investment in Hainan increased sharply and the number of foreign-funded enterprises newly set up, as well as the amount of foreign capital actually used also maintained rapid growth in the island province.
Marking the 100th anniversary of the May Fourth Movement, 2019 is also the year that Hainan is pressing ahead with the construction of its Pilot Free Trade Zone and exploring the construction of its Pilot Free Trade Port.
Hainan has been benefiting from its institutional innovation one year after the central government's announcement supporting Hainan's efforts to develop the whole island into a pilot free trade zone, made on April 13 last year.