Statistics of enterprises and entrepreneurship in 2019 on the island of Hainan, China and prospects for 2020

The Provincial Market Surveillance Bureau reported that in 2019 there were 244,400 new market entities in our province, annualized growth was 70.82%, and average daily growth was 670.


The “Rules for the Administration of Enterprise Registration in the China Free Trade Zone (Hainan)” were officially enacted on January 1, 2019 with the aim of introducing systemic innovations in five areas; the Electronic Registration in Hainan platform registered 243,400 enterprises with a self- examination level of 84, 2%, reduced the time for starting a business to 3 days, reduced the period of public notice from 45 days to 7 days, measures were taken to simplify foreign investment.


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