Hainan FTP attracts over 700 foreign firms 100 days after customs launch

Hainan Free Trade Port has attracted 737 new foreign-funded enterprises in the 100 days since launching independent customs operations, up 33.5% year-on-year. The Hainan Provincial Department of Commerce reported 441 new firms and 4.05 billion yuan ($586 million) in utilized foreign investment in the first two months of 2026. Several international companies have established operations there.

Hainan Free Trade Port (FTP) has drawn 737 newly established foreign-funded enterprises in the first 100 days of its independent customs operations, a 33.5% increase year-on-year, according to the Hainan Provincial Department of Commerce.

Deputy director Zhang Yueqiang said on Friday that in the first two months of 2026, the province registered 441 new foreign-funded firms, up 46% from a year earlier, with actual utilized foreign investment reaching 4.05 billion yuan ($585.98 million), up 11.4%.

Notable investments include Singapore's Fullerton Group establishing Hainan's first wholly foreign-owned hospital in Boao; France's Mayoly pharmaceutical group building its China GSP distribution center and national drug sales hub; Macau-based Star Racing International Group developing a resort project in Haitang Bay, Sanya, that integrates e-sports, sports, and entertainment; and Switzerland's Swatch Group completing registration for a regional supply chain logistics center and tourism retail regional headquarters.

"As Hainan's industrial chains become more complete and factor allocation more efficient, its attractiveness to foreign investment will continue to grow," Zhang noted.

At the Boao Forum for Asia Annual Conference 2026, senior experts from Southeast Asian nations told China News Network that the Hainan FTP is driving regional economic integration, streamlining investment procedures, and enhancing industrial chain collaboration as a strategic gateway for China-ASEAN ties.

مقالات ذات صلة

Illustration of China's record Q1 foreign trade growth, depicting a busy port with ships, cranes, and surging trade graphs.
صورة مولدة بواسطة الذكاء الاصطناعي

China's Q1 foreign trade up 15%, fastest in five years

من إعداد الذكاء الاصطناعي صورة مولدة بواسطة الذكاء الاصطناعي

China's foreign trade reached 11.84 trillion yuan ($1.63 trillion) in the first quarter of 2026, up 15% year on year, the fastest quarterly growth in nearly five years, officials from the General Administration of Customs announced on Tuesday. Exports totaled 6.85 trillion yuan, up 11.9%, while imports rose 19.6% to 4.99 trillion yuan. The figure marks the first time first-quarter trade has exceeded 11 trillion yuan.

Following the December 2025 launch of island-wide special customs operations, Hainan Free Trade Port reported strong growth in foreign investment and tourism in 2025, as highlighted in the 2026 Government Work Report. Officials emphasized continued reforms to position Hainan as a key hub for China's opening-up.

من إعداد الذكاء الاصطناعي

On December 18, Hainan became a separate customs territory from mainland China, exempting around 6,600 categories of goods from tariffs—about 74 per cent of taxable imports—to support sustainable growth as a free-trade port. The island province, home to more than 10 million people and slightly larger than Belgium, aims to move beyond its tourism-centred economy following three speculative booms and busts.

Hong Kong recorded 17 per cent growth in investment in the first quarter, driven mainly by machinery purchases and construction activities that reflect a steadily improving property market.

من إعداد الذكاء الاصطناعي

Minister of Culture and Tourism Sun Yeli stated at a news conference on people's livelihood during the fourth session of the 14th National People's Congress that China is ramping up efforts to promote the integration of culture and tourism, sharing its landscapes, culture, history, and modern life with global visitors. In 2025, inbound tourist trips exceeded 150 million, up more than 17 percent year-on-year, while spending surpassed $130 billion, an increase of over 40 percent. Authorities will continue improving the full inbound tourism chain to make travel to China easier.

China's trade performance exceeded expectations at the beginning of 2026, with exports rising sharply. The growth rate reached 21.8% year-on-year for January and February, compared to 5.5% in the previous year. This surge was propelled by key sectors amid global demand.

من إعداد الذكاء الاصطناعي

China's State Council unveiled a blueprint on Tuesday aiming to grow its service sector to 100 trillion yuan (US$14.7 trillion) by 2030, fusing software and steel to modernise advanced manufacturing and avert deindustrialisation. The plan spotlights 'producer services' such as specialised logistics, information technology and advanced research. Analysts say it will cultivate world-class Chinese brands and shore up the industrial backbone.

 

 

 

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