Opinion: Hainan should not be seen as Hong Kong's next rival

An opinion piece argues that comparing Hainan to the next Hong Kong is flawed, as Hong Kong operates as a special administrative region under “one country, two systems” while Hainan does not. Author Liang Haiming suggests Hong Kong should leverage its special status to enhance Hainan’s experiment, securing its own indispensable role rather than viewing it as a rival.

The South China Morning Post published an opinion piece on January 1, 2026, titled “Is Hainan the next Hong Kong? That’s the wrong question to ask,” examining Hainan Free Trade Port’s development. The article stresses that this comparison overlooks a critical structural difference: Hong Kong operates as a special administrative region under “one country, two systems,” while Hainan does not. This is not a minor legal detail but the core reason Hainan should be viewed as Hong Kong’s most promising partner on the mainland, not a competitor.

Author Liang Haiming, who has followed this development closely, believes Hong Kong would not be boosting a rival but securing its own indispensable role by leveraging its special status to enhance Hainan’s experiment. The piece references keywords such as Hainan Free Trade Port, Hengqin Guangdong-Macau In-Depth Cooperation Zone, and comparisons to Southeast Asia and Singapore, but emphasizes partnership over rivalry.

This perspective aims to reframe the relationship between Hainan and Hong Kong, highlighting complementarity rather than replacement.

Related Articles

Bustling Hainan Free Trade Port seaport with customs officers clearing zero-tariff petrochemical cargo ships, symbolizing China's new free trade push.
Image generated by AI

China launches island-wide customs operations in Hainan free trade port

Reported by AI Image generated by AI

China has launched island-wide special customs operations in the Hainan Free Trade Port, allowing freer entry of overseas goods, expanded zero-tariff coverage, and more business-friendly measures. This move is widely seen as a landmark step in China's efforts to promote free trade and high-standard opening-up amid rising global protectionism. The first batch of zero-tariff petrochemical materials has cleared customs, signaling the start of a new phase.

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.

Reported by AI

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.

During a recent fact-finding trip to Guangdong province, Premier Li Qiang urged the region to focus on high-quality development and keep its mission in the national strategy firmly in mind. He called for strengthening advantages in innovation-driven growth and leading in reform and opening-up. The visit underscores the urgency to advance economic and social development for a solid start to the 15th Five-Year Plan (2026-30).

Reported by AI

As Beijing launches its new five-year plan, President Xi Jinping has revived his goal of turning China into a financial superpower. Analysts say Hong Kong, as a global financial centre, could play a key role in yuan internationalisation, digital yuan adoption, and cryptocurrency testing.

InvestHK director general Lau Hai-suen says Hong Kong should leverage its “safe haven for investment” status to attract foreign capital amid Middle East conflict, with firms using Dubai as a hub shifting to the city to diversify risk. The call comes as finance chief Paul Chan Mo-po continues a visit to Beijing.

Reported by AI

Xiamen in Fujian province has introduced 25 measures to support innovation among Taiwan-funded enterprises and attract talent from the island, aiming to deepen cross-Strait industrial integration. Subsidies of up to 10 million yuan ($1.43 million) are available for establishing joint laboratories with local institutes. The package implements a central government document guiding Fujian toward a new path for cross-Strait integration.

 

 

 

This website uses cookies

We use cookies for analytics to improve our site. Read our privacy policy for more information.
Decline