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China's island province Hainan reaches out to potential global investors

June 03, 2020


Abstract : Top officials of China's southern island province Hainan Tuesday held video meetings with a group of foreign enterprises, one day after China released the master plan for the Hainan free trade port, said a report of Hainan Daily.

HAIKOU, June 3 (Xinhua) -- Top officials of China's southern island province Hainan Tuesday held video meetings with a group of foreign enterprises, one day after China released the master plan for the Hainan free trade port, said a report of Hainan Daily.

Hainan's party chief Liu Cigui talked with executives of the world's largest airport retailer Dufry AG and global energy conglomerate Royal Dutch Shell, respectively, in hope of sharing the development opportunities of Hainan free trade port and promoting practical cooperation.

When talking with Julian Diaz, director and CEO of Dufry AG, Liu said that Hainan is building an international tourism shopping center, backed by China's vast consumer market. Dufry could give full play to its advantages, make good use of the tax exemption policy and develop premium duty-free stores and business network on the island.

Diaz and other executives of Dufry from its headquarters in Switzerland and offices in Australia, Hong Kong and Shanghai attending the meeting at the same time expressed strong interest in investing in Hainan and willingness to negotiate cooperation.

In the meeting with Zhang Xinsheng, chairman for Shell (China), Liu said Hainan will speed up the formulation of a negative list of foreign investment, improve infrastructure and strengthen education and medical facilities to provide a good development environment and conditions for for investors including Shell.

Zhang said Shell is willing to give full play to its advantages in aviation, natural gas supply chain, new energy and energy trade and other fields, and actively grasp the current opportunities to participate in the construction of Hainan free trade port. (Edited by Yang Qi with Xinhua Silk Road, kateqiyang@xinhua.org)

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