Open Trade Port Statistics on Hainan Island, China and Prospects for 2021

The new tax exemption policy has produced remarkable results: sales exceeded 30 billion yuan, the Chinese port of Yangpu has registered 25 international tankers as an international port of registration, and a 15% discount on personal income tax and corporate income tax has been successfully implemented.


Since the release of the master plan on June 1, 2020, a total of over 200,000 talents of various types have been featured, more than a tenfold increase at the same level. The "Action Plan for Institutional Integration and Innovation (2020-2022)" was released, in which institutional innovation is deployed in 18 aspects. Since April 13, as of the end of 2020, 10 batches of 103 system innovation cases have been released in the province. The bulk of the market has grown substantially, the industrial system has been established from the outset, and the economic benefits and economic quality have been significantly improved.


The work plan for 2021 includes the implementation of various policies of the Hainan Free Trade Port General Plan, creating a first-class business environment, establishing a risk prevention and control system, and ensuring stable profits to prevent and control risks.


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