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Chinese authorities introduce the draft of Hainan s Free Trade Port bill

More than 500 companies registered in Hainan s Yangpu port in 2020

Yangpu plays a key role in the development of China s transportation network © Chen Yuancai/Hainan Daily HAIKOU, January 13. /TASS/. China s Hainan Yangpu bonded port area approved 502 applications for company registrations in 2020. According to the Hainan Daily, the total number of enterprises registered in this industrial area with special tax and customs regime has reached 640. In 2020, a total of 502 companies were registered in the Yangpu bonded port zone, of which 476 companies were registered from June 1 to January 31, which is about 95% [of the total number for the year], a representative of the port area Li Guangneng was quoted as saying. The industrial park signed agreements on 19 new projects last year, with nine already under construction.

Hainan s import through cross-border e-commerce channels up by 7 53% in 2020

Hainan s import through cross-border e-commerce channels up by 7.53% in 2020 HAIKOU, January 11. /TASS/. The volume of retail imports through cross-border e-commerce channels in southern China s Hainan province amounted to 526 million yuan (about $ 81.2 million) in 2020, up by 7.53% compared to 2019, according to www.hinews.cn.  The adoption of the program for the construction of a free trade port in the province in June gave impetus for the development of cross-border e-commerce. Against this background, the number of companies working in this area on Hainan has also grown. Currently, according to the news outlet, a total of 195 cross-border e-commerce companies are registered in the province. Tmall Global, Kaola, Zhouzhi Group, Onion Global and Fujian Dry-port Group are among them, in particular. 

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