Hainan Issues Action Plan to Further Improve Business Environment

By / SSTV / Updated: 16:31,23-June-2022

Hainan issued the Action Plan for Further Improving its Business Environment recently, which focuses on facilitating government services, the market, and trade and investment.

Building an Efficient Government Service Environment From 6 Aspects

The Plan clearly states that Hainan aims to build an efficient and convenient government service environment from six aspects: deepening the reform of the examination and approval systems on administrative and construction projects; realizing the convenience of real estate registration, optimizing tax payment services, promoting digital transformation, and providing high-quality services for enterprises.

Forming a Healthy Market Environment

Hainan plans to explore options to grant enterprises access to the market with a prior commitment, improve the trading platform for public resources, and promote the opening of online bids and long-distance bid evaluation.

Aligning with international rules, Hainan is set to improve the single window service for trade and investment, optimize the customs clearance mode and port infrastructure. The focus will also be on enhancing services and protecting foreign investment, creating a business environment with liberalization and facilitation.

In light of strengthening the service for market players, Hainan plans to carry out water and power utilization with zero cost and zero approval, and support financial institutions to launch favorable products to boost capital flow. The platform for smart governance of territorial space will likewise be further upgraded with the help of the AI management and the “land supermarket” system.

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