Hainan Yangpu Economic Development Zone is a national development zone enjoying bonded zone policy, and it was approved in 1992 by the State Council.
It covers an area of 31 square kilometers on Yangpu Peninsula to the northwest of Hainan Island. In 2007, the State Council approved the establishment of Yangpu Bonded Port Area with a planned area of 9.2063 square kilometers, whose coverage was adjusted in July 2012.
In October 2013, Sandu town in Danzhou city was incorporated into Yangpu, while the development zone was expanded to 120 square kilometers with a population of 100,000.
The zone strives to become a shipping hub port for Southeast Asia and a base for the petroleum chemical industry, pulp and paper integration and oil and gas reserve.
In 2017, Yangpu’s trade volume reached 140 billion yuan, when five container routes for domestic and international trade were launched.
In the past five years, 40 billion yuan were spent on production investment, including four large-scale offshore oil and gas projects on refinery upgrading that have been completed and put into operation.
Also, five oil and gas reserve projects including Sinopec (Hong Kong) and CEFC China Energy have been completed with storage capacity exceeding ten million cubic meters, making Yangpu China's largest commercial oil reserve base.