On March 28, 2024, on the picturesque Dongyu Island in the Wanquan River delta, a garden-party style gathering focusing on the remarkable transformation unfolding in Hainan and its opening up to foreign entrepreneurs and investors (particularly with its Free Trade Port), attendees included dozens of journalists from around the world and numerous municipal and provincial government officials.

Dozens of journalists from around the world attend the press reception held at Dongyu Island Cultural Park, Bo’ao, Hainan. (Photo: Hainan Daily)

Hainan's allure lies not only in its natural beauty but also in its burgeoning economic landscape. At the heart of this transformation is the Hainan Free Trade Port (FTP): a beacon of opportunity for investors and entrepreneurs worldwide.

In the construction of the FTP, one of the most noteworthy developments is the recent expansion of the local visa-free policy to residents of 59 countries. This bold move by Hainan opens the doors wide for business, tourism, medical treatment, and more. Entrepreneurs seeking to explore opportunities in this vibrant hub of innovation and growth can now easily access Hainan to participate in meetings, conferences and other forms of people-to-people exchanges by just purchasing a ticket and showing their passports at arrival… no other paperwork required!

An interview at the press reception. (Photo: Hainan Daily)

Adding to the convenience is the establishment of a global investment service hotline (4008-413-413). This one-stop service hub facilitates the investment process, and provides invaluable assistance and guidance to investors navigating the intricacies of entering the Hainan market.

What exactly makes the Hainan Free Trade Port so enticing for investors? The answer lies in Hainan's commitment to high-level opening-up and quality development. Over the past year, the island province has made significant strides in promoting the operation of the Free Trade Port, accelerating economic recovery, and modernizing its industrial system.

Moreover, the Free Trade Port not only boasts a well-rounded policy system, it has also made comprehensive preparations for the upcoming island-wide independent custom operations. Coupled with effective results in opening-up, these initiatives create a conducive environment for foreign investment and collaboration.

Wu Junhui (from Hong Kong's Commercial Daily) expressed his enthusiasm for the open dialogue and the prospect of deepening collaboration through platforms like WeChat. "This was an open press conference, just like the open attitude of the Hainan Free Trade Port. At the same time, the environmentally friendly design of the venue aligns well with the positioning of the Boao Near-Zero Carbon Demonstration Zone. The overall arrangement was very thoughtful," he said. His sentiments echoed those of many others in attendance, who found the event both informative and inspiring.

International guests invited to experience “carbon reduction cycling” at Dongyu Island Cultural Park. (Photo: Hainan Daily)