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.

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Illustration of China's record Q1 foreign trade growth, depicting a busy port with ships, cranes, and surging trade graphs.
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China's Q1 foreign trade up 15%, fastest in five years

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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.

Chinese officials and executives highlighted plans to ease market access and expand services sectors at a business conference ahead of an APEC trade meeting in Suzhou.

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Tianjin Binhai New Area marked its 20th anniversary this week. The port district has grown into a major gateway with nearly 800 billion yuan in annual GDP.

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Guangdong province pledged to actively align with Hong Kong’s Northern Metropolis strategy in its 15th five-year plan released on Tuesday. The document mentions the Guangdong-Hong Kong-Macau Greater Bay Area 57 times and targets about 5% average annual economic growth for 2026-2030.

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