Since the State Council rolled out the Master Plan for Hainan Free Trade Port (“HFTP” or “Hainan”) on June 1, 2020 (“Master Plan”), there have been significant policy developments from various departments and different levels of agencies in carrying out the Master Plan. On January 4, 2021, the National People’s Congress Standing Committee released the draft Hainan Free Trade Port Act for comment, signifying a critical step by China toward converting policy incentives for the HFTP into law.
This article summarizes current preferential policies available in the HFTP and attempts to provide foreign investors with a clearer picture of how China is building HFTP into a showcase of free trade.
Read the full article here.
