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New opening-up plan increases Hainan's appeal to global inve

South China's Hainan to create intl aviation hub to boost free trade port construction
 
South China's island province Hainan is accelerating the construction work of the expansion project of Haikou Meilan International Airport to serve the development of its free trade port.
 
The second phase of the project in Haikou, capital of Hainan, is expected to be ready for operation in 2020, according to the Haikou Meilan International Airport.
 
The project is anticipated to better serve Hainan's development as an international trade hub and a free trade port with a comprehensive modern transportation system.
 
So far, the construction of the new runway, terminal, and airport transport facilities has all entered the final stage. The key works of the project are expected to be completed by June 30.
 
This under-construction second phase of the Haikou Meilan International Airport expansion project includes a 4F-level aircraft movement area, the highest level in China's civil aviation industry, which will be capable of handling the takeoff and landing of the A380 superjumbo jet.
 
The new project will help the airport achieve its annual throughput target of 4.2 million international passengers initially, and the number is expected to reach 10 million in the future.
 
On June 1, Chinese authorities released a master plan for the Hainan free trade port, which aims to build the southern island province into a globally-influential high-level free trade port by the middle of the century.
 
A free trade port system focusing on trade and investment liberalization and facilitation will be "basically established" in Hainan by 2025 and become "more mature" by 2035, according to the plan jointly issued by the Central Committee of the Communist Party of China and the State Council.
 
Advanced technologies, such as the seismic isolation technique, have been applied in the terminal construction.
 
The new terminal will offer passengers a unique travel experience through its design and decorations with local culture elements of the island province, such as the traditional architecture and boathouse.
 
In the new terminal, the Haikou Meilan International Airport will also create the country's largest tax-free airport shopping area.
 
The airport is exploring the civil aviation market to create an "aviation economic circle" with more flexible air services, both at home and abroad.
 
By the end of 2019, the Haikou Meilan International Airport had served 297 air routes, connecting 149 cities at home and abroad.
 
In 2019, the airport's annual passenger throughput exceeded 24.2 million, ranking 17th in the country's total of nearly 240 civil airports.
 
China's civil aviation authorities on June 9 unveiled a plan to test the "Seventh Freedom of the Air" in the Hainan free-trade port.
 
The test means that some international routes in Hainan are now open to foreign airlines to operate here.
 
The number of Hainan's international routes reached 103 in 2020, up from five in 2003.
 
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New opening-up plan increases Hainan's appeal to global investors
 
China's master plan for the Hainan free trade port, released on June 1, has boosted the appeal of the southern island province to global investors.
 
The global investment service hotline, set up by the Hainan International Economic Development Bureau, has been hotter than ever in the past week.
 
"We received over 200 calls a day," said Lei Ting, head of the bureau's information and media relations division.
 
Lei said the calls came from more than 20 countries and regions, including the United States and Britain, and their consultations were mainly about investing in the province's high technologies, medical and health care, import and export trade, and tourism.
 
Han Shengjian, director of the bureau, said the new policy's focus on trade and investment liberalization and facilitation, as well as the free cross-border flow of funds and personnel, was quite attractive to foreign-funded enterprises.
 
"These are what global investors value most and what will project Hainan toward the highest level of opening-up in the world," Han said.
 
Many enterprises have expanded their operation into Hainan. Deloitte China, which set up its Hainan office in January, is one of them.
 
"We expect a lot in Hainan. The policy of the free trade port will bring us lots of business opportunities," said Deloitte China partner Eric Lin. He said the auditing and consulting firm will see more customers from companies that choose to settle in Hainan and launch global businesses from there.
 
Fosun Tourism Group in April inked an agreement with the government of Sanya, a resort city in Hainan, to expand a tourist complex.
 
"The construction of a free trade port is an unprecedented opportunity for Hainan to become one of the most attractive places for global investors," said Qian Jiannong, board chairman and chief executive officer of the Fosun Tourism Group.
 
Qian highlighted the construction of a law-based, international and convenient business environment as mentioned in the plan.
 
"We've benefited from Hainan's improving business environment in recent years, but Hainan still has a long way to go to meet the requirements of a free trade port," he said, adding it is the main reason for them to be optimistic about Hainan's prospects.
 
Shen Xiaoming, governor of Hainan, said Monday that Hainan pays special attention to creating an open, transparent and predictable business environment.
 
The government must also respect enterprises and entrepreneurs and let them be the final judge of the local business environment, Shen said at a press conference held in Beijing.
 
Liu Cigui, Party secretary of Hainan, extended a warm invitation to global companies and talents at the same event.
 
"Investors and talents from all over the world are welcomed to invest in Hainan, participate in the construction of the Hainan free trade port, and share China's development opportunities and the fruits of China's reform and opening-up," said Liu.
 
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