logo
logo
search
Invest in China > Hainan > Industries
Facebook Twitter

Modern Services

Updated: investinchina.chinadaily.com.cn

I. Current Status

The modern services industry plays an important role, contributing the most to the province's economic growth and stimulating the employment rate.

In 2019, the value added of Hainan's modern services industry reached 141.66 billion yuan ($21.62 billion), up 8.7 percent year-on-year, contributing 40 percent of GDP growth and driving GDP to grow by 2.3 percent. The number of market entities in the modern services industry hit 746,000, a rise of 21.7 percent year-on-year.

II. Development Direction

Seize the historic opportunity to create a diversified field

The construction of the free-trade port brings Hainan a historic opportunity to develop its modern services industry. Hainan will play a leading role in the innovation of the service industry system and become an important window to the world.

Hainan's modern services industry will be transformed into a high-value and high-end industry with knowledge-based production services and the top-quality features of the lifestyle service industry.

(1) Headquarters Economy

(2) Modern Finance

(3) Business Services

(4) Exhibitions

(5) Culture and Sports

(6) Health & Medicine

(7) International Education

(8) International Shipping

(9) Marine Services

(10) International Design

III. New Opportunities for FTP Investment

Further lift restrictions on foreign investment and attract headquarters of MNCs.

Open up the international shipping industry.

Open up the education industry to build an international education innovation island.

Build Hainan into an international design island and international exhibition center, and further open up the professional service industry.

Build a marine service system with global

Build a culture trade base with foreign countries.

Haikou, Sanya and Yangpu will be the key areasforbuilding a modern service economic center with regional influence.

IV. Recommended Industrial Park

(1) Sanya "National Seashore" Haitang Bay Modern Service Industrial Park

After more than a decade of rapid development, the international leisure resort has attracted more than 30 international-brand hotels and nurtured events such as the Hainan International Film Festival and the Sanya International Beach Electronic Music Festival. Sanya International Duty-Free City, Sanya Atlantis, Wuzhizhou Island, Haichang Fantasy Town and other innovative tourism attractions are exerting their gathering effects. Haitang district has become a national coastal leisure park with tourism, duty-free shopping and healthcare as its leading industries.

(2) Haikou Comprehensive Bonded Area

In 2020, the total value of foreign trade in the zone reached 23.31 billion yuan, surging 193.2 percent year-on-year. By the end of December 2020, 681 enterprises and 221 cross-border e-commerce companies had registered in the zone. In 2020, the Customs of Macun port released a total of 1.25 million bonded import declaration lists for cross-border e-commerce with a total value of 526 million yuan, skyrocketing 635.3 percent and 672.9 percent year-on-year.

(3) Boao Lecheng International Medical Tourism Pilot Zone

The pilot zone focuses on developing medical and healthcare industries, including franchise healthcare, health management, rehabilitation, medical beauty and anti-aging services, and international medical tourism. It aims to attract international and domestic high-end medical tourism service providers and global cutting-edge medical technologies, and build an international medical-technology service industry cluster.

(4) Sanya Central Business District

Sanya Central Business District aims to promote all-round opening up in a wider area and create a special economic function zone with international influence and competitiveness. Enterprises in the district can enjoy convenient investment and operation, the free flow of goods, convenient capital flow, expedient transportation, and convenient communication of information.

V. Successful Enterprises

Global Logistic Properties Limited

BioPlus Biotech Co Ltd (Korea)

Macquarie Group Limited (Australia)

Colliers InternationalGroup Inc (America)

Jones Lang LaSalle (UK)

CB Richard Ellis Co Ltd (America)

Cushman & Wakefield(UK)

Savills(UK)

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

HOW WE HELP

CONTACT US
Tell us your special needs and let us facilitate your investment in Hainan
Top
© 2021 China Daily. All Rights Reserved.