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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