Research teams in Hainan's Yazhou Bay are leveraging the free trade port to advance crop breeding and deep-sea exploration. A new AI-powered rice genome model and research into deep-sea microorganisms for pharmaceuticals are key developments.
Hainan province has seen a 35.5% surge in new foreign-invested enterprises since its special customs regime launched six months ago. Companies are attracted by trade incentives and view Hainan as a regional hub, with investments in manufacturing and high-tech sectors.
Hainan Free Trade Port's "zero-tariff" imports surged 99.5% to 2.26 billion yuan ($315 million) by April end. The region also saw growth in foreign economic activity, duty-free sales, and company registrations, driven by new customs and preferential policies.
Since Hainan Free Trade Port's full closure, 172,100 new business entities have emerged, a 61.07% increase year-on-year. This growth is driven by policy dividends, including expanded bonded repair services for medical devices, a new Siemens Energy assembly base, and a zero-tariff policy for island residents' consumption, all contributing to Hainan's accelerated development as a high-quality free trade port.
海南自贸港启动首单A320飞机拆解业务，由大新华飞机维修服务有限公司承接。此举标志着自贸港打通飞机整机拆解业务链条，补齐航空器资产处置短板，推动航空维修产业向高端化、全链条、循环化升级，并吸引更多航空上下游企业集聚海南。
A 13-member delegation from Malaysia, representing sectors like construction, law, e-commerce, automotive, and F&B, visited Hainan to explore business opportunities and cooperation with the Hainan Free Trade Port. They are particularly interested in the port's open policies, tax incentives, and potential collaboration in the aerospace and agricultural sectors.
