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Countries investing in Hainan increase twofold in 2020

Updated: Feb 22, 2021 chinadaily.com.cn Print
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Over the past three years, 89 countries and regions have invested in the South China's island province of Hainan and a total of 80 countries and regions invested in Hainan province in 2020, a twofold increase year-on-year.

According to statistics, the top five sources of foreign invested enterprises in Hainan in 2020 were the Hong Kong Special Administrative Region, Taiwan, the United States, Singapore and Canada.

Foreign invested enterprises in Hainan covered all G20 member states and all Regional Comprehensive Economic Partnership (RCEP) partner countries except Brunei, European countries such as Britain, France, Germany, and Italy, and nearly half of the countries along the Belt and Road.

With the growing number of partners from abroad, the main body of Hainan's foreign invested markets has increased significantly. Last year, Hainan added 1,005 new foreign-invested enterprises, up by 197.30 percent, accounting for 50 percent of the total number added over the past 10 years.

Since the release of the master plan for the construction of Hainan Free Trade Port in June last year, a series of major favorable policies have been rolled out to attract foreign investors. From June to December, a total of 855 foreign-invested enterprises were established in Hainan, accounting for 85 percent of the total annual figure.

Last year, the actual utilization of foreign capital in Hainan exceeded $3 billion, climbing by 100 percent year-on-year. It has now doubled for three consecutive years.

The Window to Global Trade (WGT) in Haikou is the first park in Hainan to carry out the special provincial policy of attracting thousands of enterprises from hundreds of countries to Hainan. At present, 83 foreign-invested enterprises from 32 countries and regions including the United States, the UK, New Zealand, France, and Australia have settled, with investment covering trade, tourism, culture, education, medicine and other fields.

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