Beijing took special action to promote high-tech industry of the free trade port Hainan

On September 18, 2020, a Special Promotion Promotion of the High-Tech Industry of the Hainan Free Trade Port was held in Beijing, where the Provincial Science and Technology Department and the Bureau of International Economic Development of Hainan, along with 7 key parks, signed cooperation agreements with 15 companies including Guohua Energy Investment Co.. Ltd., China Engineering Federation, Brocade Holding Group Co., Ltd., the total investment of signed projects exceeded RMB 1.5 billion.


According to statistics, more than 50 central enterprises, more than 35 state-owned enterprises, more than 30 listed companies and 20 foreign-funded enterprises participated in the advertising conference on the Internet, new energy, aerospace, advanced manufacturing, medicine and health of the Hainan Free Trade Port. A number of well-known foreign high-tech companies such as AstraZeneca from the UK, Johnson & Johnson from the US and Hanwha from South Korea also actively participated in the conference.


In the first eight months, the number of new businesses in Hainan increased by 75.26% year on year, ranking first in the country. As of August, Hainan has initiated a total of 85 systemic innovation cases covering various areas such as commercial reform, talent training, and foreign trade.


In August 2020, the Hainan Comprehensive Energy Reform Plan clearly stated that the construction of the Hainan Clean Energy Island would be largely completed by 2035. The newly established Guohua Energy Investment Co., Ltd. in Hainan saw the development potential of Hainan in the field of new energy.


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