I. Current Status
The People's Government of Hainan province aims to develop modern finance as a core industry in Hainan.
The Hainan Free Trade Zone has achieved several finance innovations since its establishment, such as multi-functional free trade accounts and securitizing of intellectual property.
II. Development Advantages
(1) Policy advantage
With its advantages in location, policies, environment and ports, and the continuous opening-up and innovation of the financial field, Hainan sees new opportunities in cross-border trade-related finance.
(2) Geographical advantage
The nearby financial centers of Hong Kong, Guangzhou and Shenzhen will synergize the development of modern finance in Hainan.
III. Development Direction
(1) Internet Finance
(2) Inclusive Finance
(3) Cross-border Finance
(4) Construction of Factor Market
(5) Marine Finance
IV. New Opportunities for FTP Investment
(1）Policies to accelerate financial innovation.
The central government encourages Hainan to develop Internet finance, maritime finance, cross-border finance and other innovative types of finance, and encourages domestic and foreign financial institutions to settle in Hainan.
(2) Further deepen foreign cooperation and development.
Hainan will strengthen its cooperation and communication with other countries and attract overseas financial institutions. Hainan encourages use of foreign capital to set up various innovative institutions, and equity cooperation between overseas investors and local financial entities, and supports participation by international investors in local financial factor market transactions.
(3) Policies supporting the finance industry have been continuously improved.
The policies focus on inclusive finance, innovative finance and Internet finance, and offer incentives for financial innovations such as new financial subjects and new business forms and models.
V. Successful Enterprises
(1) Phoenix Finance Group
(2) Hainan Agricultural Reclamation Finance Holding Co Ltd
(3) Pricewaterhouse Coopers, PWC
(5) Deloitte Touche Tohmatsu Limited
(6) Ernst & Young, E&Y