Hainan upgrades online platform for one-stop investment service

By Li Xiang / HICN / Updated: 17:34,04-August-2022

In order to offer better service to overseas investors, China’s southern province of Hainan upgraded its one-stop investment online platform, which is now available on the official website (https://wssp.hainan.gov.cn/investinhainan/) and “Haiyiban” (海易办) app.

In the process of optimizing the online platform, which took nearly half a year, data sharing and other capabilities were built into the platform to incorporate all related systems and service functions into an integrated service chain. According to local authorities, the new online platform will significantly reduce red tape and save time for companies. Additionally, all of the services offered online are also available at in-person service counters to assist investors who run into difficulties when using the online platform. So far, local authorities have established 24 service counters in cities, counties, and key industrial parks on the island as a backup option for those who need it.

Since China released the master plan for the Hainan Free Trade Port in June 2020, proposing to develop the island province into a globally influential, high-level free trade port, the entire province of Hainan has been working to improve the overall business environment. In August 2020, the one-stop investment online platform was established and began operation. It was the first of its kind in China. Data shows that the platform has handled nearly 16,000 requests from more than 7,300 overseas enterprises so far.

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