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High-Tech Industry

Updated: investinchina.chinadaily.com.cn
[Photo/VCG]

I. Current Status

In 2019, the high-tech industry in Hainan realized added value of 26.21 billion yuan ($4 billion), up 4.5 percent year-on-year. The number of high-tech enterprises reached 566, an increase of 48.6 percent year-on-year, and their operating income was 74.02 billion yuan. By the end of 2020, the total number of high-tech enterprises in the validity period in Hainan had reached 838, up 48.1 percent year-on-year. Meanwhile, the revenue of high-tech enterprises reached 84.1 billion yuan, up 9.9 percent year-on-year. The high-tech industry has gradually become the new engine of Hainan’s modern economic system.

-10 science and technology business incubators in the province and twostate-level incubators

-28 entrepreneurship spaces, seven of which are nationally registered

-118 academician innovation platforms across the province

II. Development Advantages

Geographical advantages

Located on the edge of China's Pan-Pearl River Delta region, Hainan is the center of the China-ASEAN Free Trade Area. Hainan province is adjacent to the Philippines, Brunei, Indonesia, Malaysia and other important international markets, and is located along the major maritime transportation routes connecting the Pacific and Indian oceans. Hainan's superior geography and convenient transportation play an important role in the development and cooperation of high-tech industries both at home and abroad.

Economic and technological advantages

Due to the advantages of the vast economic hinterland in southwestern China, Hainan Free Trade Port has not only gathered international resources but also exerted strong, radiating economic force for the region. The industrial layout of Hainan is dominated by the modern service industry and high-tech industry, complementing the heavy industry and processing industry in the Pan-Beibu Gulf and Southwest China.

During the 13th Five-Year Plan period, Hainan province focused on Nanfan breeding, deep-sea science and technology and aerospace. It geared itself to the layout and construction of key laboratories for marine resources exploitation, deep-sea exploration and aerospace information. The aim is to establish an industry-university research system for the development of high-tech industries that is compatible with the construction of the FTP. The high-tech industrial clusters focusing on electronic information, bio-medicine and high-tech services have been formed gradually, and the high-tech industries have maintained a good development momentum.

Resource advantages

Hainan province is rich in mineral resources with concentrated distribution and good mining conditions. Hainan is also abundant in oil and gas resources and gas hydrate resources, with high productivity and a superior natural environment, which are conducive to the development of marine resources. Hainan province is well-known as the "natural medicine storehouse" and is rich in southern medicine resources. With the support of Hainan Boao Lecheng Pilot Zone of International Medical Tourism, the healthcare industry could develop rapidly.

Policy advantages

To fulfill the implementation of the Overall Plan for the Construction of Hainan Free Trade Port, Hainan province has provided an open environment and preferential policies to encourage the development of high-tech industries. The 15 percent tax incentive is obviously attractive to enterprises and high-level talents and is conducive to recruiting enterprises and talents to come to Hainan. The sale of duty-free goods and facilitation of bonded goods processing have also become key benefits for the development of commercial and processing industries.

III. Development Direction

"Sea, land and air" simultaneous development

Abyssal sea technology

Abyssal sea equipment

Abyssal sea material

Abyssal sea communication

Seed and Tropical High-production Agriculture

Global tropical agricultural center

Global animal and plant resources introduction and transfer center

Aerospace

Space launch center

Space supercomputing center

Smart Hainan

Internet of Things

Artificial Intelligence

Blockchain

Digital trade

Advanced manufacturing

Environment protection

Biomedicine

New energy vehicles

Smart vehicles

IV. New Opportunities for FTP Investment

Introduce a preferential tax system. Hainan FTP will implement a "zero tariff, low tax rate and simple tax system" similar to Hong Kong, Singapore and other world-famous free-trade ports.

Provide convenience in cross-border investment, financing and capital flow.The free-trade port will implement a flexible foreign investment and foreign exchange management system and innovate ways of government regulation.

Facilitate the free movement of talents and communication of information.The visa-free policy for people from 59 countries and the convenient cross-border flow of data makes it easier for high-tech talents to work in Hainan, enhancing the creation environment for patented technology.

Reduce the investment cost of high-tech enterprises through implementing the Headquarter Policy. Hainan is adjusting its headquarters policies to attract R&D centers of world-renowned enterprises.

V. Recommended Industrial Parks

(1) Yangpu Economic Development Zone

Yangpu Economic Development Zone and Dongfang Lingang Industrial Park focus on developing the petrochemical industry, oil and gas reserves, commodity and international energy trading, international port and shipping logistics, and marine equipment. Lingao Jinpai Port Lingang Industrial Park focuses on the R&D and manufacturing of prefabricated building materials and components.

(2) Haikou National Hi-tech Industrial Development Zone

The zone covers “four zones and one center,” including a pioneering zone for system innovation, a leading zone for the development of high-tech industries, an offshore innovation and entrepreneurship cluster, a major strategic cooperation zone for services, and an international cultural and tourism consumption creative center. It focuses on industries such as healthcare, low-carbon manufacturing and new-generation information technology and services.

(3) Sanya Yazhou Bay Science and Technology City

Sanya Yazhou Bay Science and Technology City consists of five areas: Nanfan Science and Technology City, Sanya Deep-Sea Science and Technology City, University City, Nanshan Harbor and the Global Transfer Base for Animal and Plant Germplasm Resources. The zone is devoted to developing itself into a national deep-sea technological innovation center, “Nanfan Silicon Valley” and a gathering place for the deep integration of industry-university research and cities.

(4) Hainan Ecological Software Park

As of February 2019, there were 3,698 enterprises in the park, including tech giants Tencent, Huawei and Baidu. In 2017, the park’s tax revenue reached 1.43 billion yuan, and in 2018, the monthly tax revenue reached 2.03 billion yuan, a growth rate of 41.72 percent year-on-year. A number of 10-billion-yuan-level industrial projects such as Tencent Ecological Village, China Game Digital Port, China Intellectual Sports Industrial Base, and Baidu Ecological Village have settled in the park.

(5) Haikou Fullsing Internet Industrial Park

Haikou Fullsing Internet Industrial Park, developed by Hainan Fullsing City Industrial Park Investment Management Co Ltd, is positioned as a gathering area for digital economy headquarters and an international offshore innovation and entrepreneurship base. It has four major industrial directions: smart IoT, digital trade, fintech and international offshore innovation and entrepreneurship.

(6) Lingshui Qingshuiwan International Information Industrial Park

Based on the developmental direction of the information service industry and the trend of industrial application, the four major industries for the future development of the industrial park are mobile internet, cloud-based IoT, digital creation and service outsourcing.

(7) Wenchang International Aerospace City

The zone focuses on building “four bases and one center,” namely a major scientific and technological innovation industrial base in the aerospace field, a space science and technology innovation strategic industrial base, an integrative innovation demonstration industrial base, an aerospace international cooperation industrial base, as well as an aerospace supercomputing center.

VI. Successful Enterprises

(1) Qilu Pharmaceutical (Hainan) Co Ltd

(2) Xinlong Holding (Group) Co Ltd

(3) Hainan Jingang Biotech Co Ltd

(4) Hainan Jinpan Electric Co Ltd

(5) Tencent

(6) Huawei

Boao Lecheng Specialist Clinic Project
Qionghai, Hainan Province
500 million yuan
Mei'an Biomedical Industrial Park Project
Haikou, Hainan Province
20 billion yuan

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