By 2025, the number of yachts on the island of Hainan, China may reach 50,000

Taiwanese company Schwab Yacht Co., Ltd. (hereinafter referred to as Schwab Yacht), has established a subsidiary in Hainan, which will be responsible for marketing, technical support and after-sales service of the group's brand yachts on the mainland and will gradually establish a complete network of the yachting industry in Hainan.


The first Hainan (International) Yacht Industry Expo 2020 was held in Haikou from 11 to 13 December. During this period, local businesses and Schwab Yacht Co., Ltd. signed an agreement on strategic cooperation in the yacht industry to strengthen cooperation in the field of the industrial yacht park, the Haikou International Yacht Trade Center, the Yacht Funding Center, the International Yacht Research Center and the Yacht Marina Development Center.


Schwab Yacht Co., Ltd. has more than 40 years of history. Its main markets are in the USA, Europe and Australia. Its main activities include yacht manufacturing, marina operations, yacht maintenance, etc. Schwab Yacht Co., Ltd. invested in the construction of industrial yacht parks in Fujiang, Guangdong, Zhejiang and other places. The investment includes yacht manufacturing, yacht maintenance, marinas, yacht clubs, yacht colleges and yacht-specific towns spanning the top and bottom of the yacht industry chain.


Faced with a number of favorable policies regarding the Hainan Free Trade Port, senior officials of Schwab Yacht Co., Ltd. came to Hainan for verification and decided to establish a company in Hainan after conducting an in-depth study of related policies.


“I predict that by 2025 the number of yachts in Hainan could reach 50,000,” said the director of Schwab Yacht Co., Ltd., he believes that Hainan borders the Guangdong-Hong Kong-Macao Big Bay area and is an important hub connecting Southeast Asia market. With its long coastline and vast sea areas, the development of the yachting industry has unique advantages; More importantly, with the construction of a free trade port, the Hainan yachting industry is entering a period of rapid development and will lead the development of China's yachting industry in the future.


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