Construction of the Free Trade Port in Hainan got a new impetus after companies signed agreements for 104 projects in the region recently. The projects, 22 of which are foreign-funded, involve 65.72 billion yuan ($10.06 billion) in total investments and cover tourism, modern services and high-tech industries.
The central government on Friday launched a series of financial measures to turn Hainan Free Trade Port into a focal point of China's deepened reforms, showing the nation's latest efforts to further open up to the world, said experts.
Hainan Yiling Medical Industry Development, an enterprise in the Hainan Boao Lecheng International Medical Tourism Pilot Zone, has declared the import of the first zero-duty cryogenic physiotherapy box at Haikou's Wenchang Customs.
Continuous inflow of foreign capital; domestic tourists enjoying shopping sprees at duty-free centers; companies purchasing equipment from overseas at "zero tariffs" for production purposes. These developments and many others illustrate that the Hainan Free Trade Port is playing a crucial role in opening-up and facilitating the country's dual-circulation economy, experts said.
The Ministry of Finance, the General Administration of Customs and the State Administration of Taxation jointly issued a "zero tariff" policy notice on March 4 for self-use production equipment in the Hainan Free Trade Port.
To implement the guiding principles of the Master Plan for the Construction of Hainan Free Trade Port and attract talents from across the world, South China's Hainan province has launched a global recruitment drive for chiefs and legal representatives of statutory bodies, public institutions and State-owned enterprises in Hainan FTP.
China's Supreme People's Court (SPC) has issued a guideline urging courts to improve judicial services to help speed up the development of the Hainan free trade port.
Overview
Haikou 
Sanya 
