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In June 2020, China released a master plan to build the whole of Hainan Island into a globally influential and high-level free trade port by the middle of the century. Series of opening-up policies have been issued to create a "foreign investor-friendly" business environment in Hainan.
* China's Hainan Free Trade Port (FTP) will officially launch an island-wide independent customs operation on Dec. 18, 2025, which marks the anniversary of the milestone Third Plenary Session of the 11th CPC Central Committee in 1978 that ushered in the reform and opening-up, underscores China's unwavering commitment to high-standard opening-up.
The Catalogue of Encouraged Industries in the Hainan Free Trade Port (2024 Edition), which came into effect on 1 March 2024, specifies that in addition to those categories receiving encouragement under existing national industrial catalogues, Hainan will have 14 more industries receiving such treatment, creating a total of 176 types.
An aerial drone photo shows a duty-free shopping mall in Sanya, South China's Hainan province, May 29, 2025. [Photo/Xinhua] The Hainan Free Trade Port will launch island-wide independent customs operations on Dec 18, a key step in transforming the tropical island into a globally significant free trade hub, a senior official announced Wednesday.
The deployment sits within Hainan’s free-trade zone, where China has relaxed regulations to allow full foreign ownership of data center and telecom operations. The project supports Hainan’s push to become a maritime and tech innovation hub, integrating marine science, digital services, and offshore infrastructure.
China’s Hainan underwater data center is a monumental experiment—one embedded with technological ambition, sustainability goals, and geopolitical strategy. While challenges abound—from marine maintenance to cost structures—the potential upside in cooling efficiency, infrastructure scalability, and carbon reduction is profound.
It is regarded as a special area for China to comprehensively deepen economic reform and experiment with the highest level of opening-up policies. Hainan Free Trade Port is not a seaport in the usual sense, but the entire Hainan Island is regarded as a special economic development area.
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.
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On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
"With the independent customs operations, Hainan FTP is poised to become a key gateway for China's new era of opening up and innovation," Cai added. China's Hainan Free Trade Port (FTP) is set to launch an island-wide independent customs operation on Dec. 18, 2025, underscoring the country's wider push for high-standard opening up.
BEIJING, Aug. 8 -- China's Hainan Free Trade Port (FTP) is set to launch an island-wide independent customs operation on Dec. 18, 2025, underscoring the country's wider push for high-standard opening up.
(2) Improving the implementation mechanism. Under the guidance of the Leading Group for Promoting Hainan to Further All-Round Reform and Opening up, Hainan Province must earnestly fulfill its main responsibilities, strengthen organizational leadership, and make every effort to make headway in the construction of Hainan Free Trade Port.
