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Culture & Sports

Updated: investinchina.chinadaily.com.cn
Surfers ride high to catch the perfect wave during the Hainan Surfing Open in Wanning, Hainan province. [Photo provided to China Daily]

I. Current Status

The integration of sports and culture has become a general trend, and will become a key area for the development of the modern service industry in Hainan province.

Hainan province has successfully held many large events. As an important growth point of the economy, culture and sports have increasingly become the leading industries.

(1) Hainan has successfully held many large cultural and sports activities:

Hainan International Film Festival

Sanya International Music Festival

FIA Electric Formula Championship Sanya

Strawberry Music Festival

(2) Hainan has successfully developed five independent branded international events:

Hainan International Road Cycling Race South Island International Regatta

Hainan (Sanya) International Marathon

Hainan Golf Open

International Tourism Island Windsurfing Grand Prix

Round Hainan Regatta

(3) The original British Musical "Cats" was performed eight times during the National Day Holiday.

(4) Hainan successfully bid for the 6th Asian Beach Games in 2020 (delayed because of COVID-19).

II. Development Direction

(1) Film and television industry, Anime Games, Tourism performance, sports events

(2) Investment Fields:

Large theme parks

Professional E-games

Amusement facilities

International performance activities

Sports events

III. New Opportunities for FTP Investment

(1) Hainan will further alleviate restrictions on foreign investment.

The province allows foreign capital in pilot setting up of performance agencies and performance venue operating units in an approved cultural tourism area.  Foreign-funded cultural and artistic performance groups (if controlled by a Chinese shareholder) are allowed. Hotels can receive overseas TV channels if approved by the state.

(2) Hainan's industrial investment environment is being continuously improved.

The construction of the Hainan Free Trade Port has attracted a large number of outstanding talents in related fields. In addition, the Hainan Provincial Government has set up the Hainan Cultural and Sports Industry Development Fund to continuously optimize the investment environment.

(3) Policy breakthroughs in the field of sports are expected in the future.

Hainan will introduce policies to strongly support the development of the professional e-games industry and inbound golf tourism, and advance the cultural and sports industry towards rapid high quality development.

IV. Successful Enterprises

(1) Huawen Media Group Co Ltd

(2) Huayi Brothers Media Group (Haikou) Co Ltd

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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