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Agricultural Development Bank of China
News for Outlets

S.China Hainan FTP witnesses 190 major projects inked in H1

July 20, 2021


Abstract : South China's Hainan Free Trade Port (FTP) witnessed the signing of 190 significant projects involving more than 90 billion yuan of agreed investment in the first half of the year, reported hnftp.gov.cn Monday.

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Aerial photo taken on March 23, 2021 shows a Sinopec construction site in Yangpu Economic Development Zone, south China's HainanProvince. (Xinhua/Pu Xiaoxu)

BEIJING, July 20 (Xinhua) – South China's Hainan Free Trade Port (FTP) witnessed the signing of 190 significant projects involving more than 90 billion yuan of agreed investment in the first half of the year, reported hnftp.gov.cn Monday.

There projects include 40 foreign investment one, which will inject new impetus to the construction of the FTP.

Since the release of the construction plan of Hainan FTP, the province has attracted a large number of foreign investors to participate in the construction of FTP projects through effective investment policies.

Statistics showed that from January to May this year, a total of 750 foreign-invested enterprises started businesses in the FTP, hiking 393.42 percent year on year, while the foreign capital in actual use in the FTP surged 527.54 percent year on year to 798 million U.S. dollars in the period.

Since the year beginning, Hainan FTP has been committed to optimizing the business environment and introduced a series of preferential measures to facilitate global enterprises investing and starting business in the FTP.

(Edited by Jiang Feifan with Xinhua Silk Road, 346129473@qq.com) 

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Keyword: construction FTP

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