Foreign capital sources on Hainan Island, China became more diversified in 2019, foreign investment is expanding, and the use of foreign capital in cities and districts on Hainan Island tends to be balanced.
After doubling the use of foreign capital in Hainan Island in 2018, foreign investment in Hainan increased sharply in the first half of 2019, and newly created foreign-funded enterprises and the actual use of foreign capital continued to grow rapidly.
According to statistics provided by the provincial department of commerce, in the first half of this year, 163 new foreign-funded enterprises were created in the province, which is 254% more compared to the same period last year, the actual use of foreign capital was 160 million US dollars, in annual terms in terms of growth, it increased 3.6 times, and the growth rate of foreign investment ranked first in China.
In 2019, Singapore’s Temasek Fengshu Group and COSCO Shipping (Hong Kong) Co., Ltd., Sosford Investment Company, Everbright Environmental Energy (Hong Kong) Investment Co., Ltd. and other leading global and industry-leading enterprises have invested in Hainan.
In the first year of 2019, compared with the same period of 2018, four main sources of foreign investment: the USA, Canada, Germany and the Netherlands, were from the developed regions of Europe and America.
In April of this year, Sanya Sosford Equity Investment Co., Ltd. successfully completed industrial and commercial registration and underwent an institution with foreign investment to become a large enterprise with foreign investment in our province. The company was founded by a world famous venture capital firm, the US SOSV Foundation. The relevant person in charge of the American SOSV Foundation said that after many inspections, given the good prospects for the development of the Hainan Free Trade Zone and the construction of a free trade port, the SOSV Foundation decided to create a subsidiary in Sanya.
In terms of investment geography, the use of foreign capital in cities and counties tends to be balanced - In early 2019, in nine cities and districts, as well as in Yangpu Economic Development Zone, where the task of assessing foreign investment was used, actual capital was realized by Vanning, Sanya, Yangpu, Lingshui, Wenchang, Zhangzhou, Chenmai, Haikou and Dongfang economic development zones.
Using the Boao Forum for Asia in 2019, many provincial leaders and Apple, AstraZeneca, Sony, Samsung and the world's 500 largest companies and world famous companies held more than 30 one-on-one talks, round tables and signed memorandums of cooperation, the International Bureau was created Hainan's economic development to use the institutional mechanism for innovation to attract short-term investments.
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