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Fang: "I'm optimistic about the development of the Hainan FTP"

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Fang: "I'm optimistic about the development of the Hainan FTP"

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In an interview with HIMC, Fang Dongming (UBS Head of China Global Markets) expressed high praise and hopes for Hainan's ongoing development as a free trade port. A seasoned professional who closely monitors and has done extensive work in China's financial market, Fang elaborated on the unique draws and boundless potential of Hainan Free Trade Port. “I think that most of the time, people come for visits first, then form relationships, and then start doing business.” During his time in Hainan, he gained a deeper understanding of Hainan's “4+3+3” development positioning. Fang pointed out that Hainan has unique natural resources that other Chinese areas cannot replicate, and noted that the province’s tourism and health care industries show broad prospects for development.

Discussing how finance can empower the real economy, Fang said that UBS, as a leading global financial institution, has been deeply engaged in the Chinese market for many years. He believes there are similarities in the strategic positioning of Hainan and the Greater Bay Area (GBA), and spoke of finding high-end extremely high net-worth individuals and developing Hainan into a settlement or wealth management center for them. At the same time, in the field of securities investment, UBS plans to do more research on high-quality Hainan companies and help them enter the global capital market.



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Hainan, China's southernmost island-province, has always been at the forefront of the country's reform and opening-up. With the construction of its free trade port with Chinese characteristics, Hainan is now becoming a global economic powerhouse. Personally planned, deployed and promoted by Chinese President Xi Jinping, Hainan's economy master plan focuses on the development of high-quality new productive forces and promotes low-carbon and green industries, making it a world-class destination and a magnet for investors and visitors alike. As CGTN introduces The Forefront, a special series featuring talks on China's governance with the country's ministers and governors, CGTN's Wang Guan sat down with Feng Fei, secretary of Hainan's CPC Provincial Committee, in the debut episode for an exclusive interview to discuss Hainan's main policies and initiatives. Stay tuned to CGTN for The Forefront on March 12 at 11:30 Beijing Time.

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