HAINAN

State Council Introduces Ease of Doing Business Reforms

21 October 2021

As announced by the State Council, applications submitted by foreign companies to set up travel agencies are to be approved within 15 instead of 30 working days. Furthermore, in Hainan province, record-filing is no longer required for franchisors to engage in commercial franchising activities. More

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Hainan Free Trade Port Implements “Zero-Tariff” Rules for Business Vehicles on Trial Basis

10 September 2021

Hainan province started the trial implementation of “zero-tariff” rules on business vehicles in the Hainan Free Trade Port on 26 July. The rules apply to business vehicles designated as “zero-tariff” in the port prior to the conversion of the whole of Hainan Island into a customs bonded area. More

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Hainan Updates Supervision Measures for Offshore Duty-Free Shopping

28 July 2020

The General Administration of Customs recently issued revised measures for the supervision of offshore duty-free shopping in Hainan in a bid to adjust the offshore duty-free shopping policy for the island province, update the supervision of offshore duty-free shopping and promote the development of the Hainan Free Trade Port. More

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State Council Adjusts Administrative Regulations for Hainan FTZ

16 July 2020

The State Council recently issued a circular (Guo Han No. 88 [2020]) on temporary adjustments to the implementation of administrative regulations in the China (Hainan) Pilot Free Trade Zone (FTZ). More

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Hainan Raises Annual Offshore Duty-Free Shopping Quota to RMB100,000

10 July 2020

According to an announcement recently released by the Ministry of Finance, the General Administration of Customs and the State Taxation Administration (No. 33 [2020]), offshore duty-free shopping policies for travellers departing Hainan (duty-free policy) took effect on 1 July 2020... More

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China Releases Master Plan of Hainan Free Trade Port

10 June 2020

The Communist Party of China (CPC) Central Committee and the State Council recently released the Master Plan for the Hainan Free Trade Port to accelerate the development of a high-level free trade port with Chinese characteristics in accordance with the requirements of the guidelines of the CPC Central Committee and the State Council on supporting the comprehensive reform and opening up of Hainan. More

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China (Hainan) Pilot Free Trade Zone

02 October 2019

Construction work on the Hainan Pilot Free Trade Zone (Hainan FTZ) is now well underway, with the project set to extend across the whole of the island, an area of some 33,900 sq km. The development, as outlined in the Overall Plan for the China (Hainan) Pilot Free Trade Zone (formally adopted by the State Council on 16 October 2018), will see the FTZ evolve into a key gateway for China, boosting its connectivity with its Indian and Pacific ocean trading partners. More

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