S. China's Haikou launches 11 measures to promote investment

Updated: July 1, 2020 Source: Xinhua Silk Road
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Haikou, capital city of South China's Hainan province has recently launched 11 measures to introduce investment during the construction of Hainan Free Trade Port, reported Hainan Daily on Monday.

According to the municipal government, Haikou will actively explore new modes of investment promotion to accurately match investment with project needs and realize the big data investment promotion. Cooperation with professional investment institutions will be strengthened and a market-based investment promotion platform will be established.

In order to promote the construction of Hainan Free Trade Port, Haikou will hold more investment promotion activities with precision. Projects with a value of over 100 million yuan, leading projects in leading industries, and high-end R&D institution projects will be highlighted during the contracting activities. A new evaluation mechanism will also be established with the conversion rate of investment projects information, the conversion rate of intent projects, and the completion rate of contracted projects as important indicators for evaluation.

Haikou will establish a reward system for project referrals and reward relevant person based on project referral quality and investment performance. Units that have completed less than 80 percent of the annual target of investment attraction will be disqualified for annual evaluation.

In addition, the measures also include the establishment of a city-wide investment project information database, strengthening the organization and leadership of Haikou's government departments on investment attraction, establishment of a professional talent team, and the establishment of green channels for site selection and land security of major investment projects.

As the capital city of Hainan province,Haikou will continue to optimize its business environment, attracting more investment and contributing to the construction of Hainan Free Trade Port.

Editor: Yu Huichen