Operating income of 11 key parks in Hainan free trade port hikes 133.2% in Q1

The 11 key parks of Hainan Free Trade Port have seen the effect of econmic clusters with their operating income totaling 204.87 billion yuan in the first quarter of 2021, a year-on-year increase of 133.2 percent.

The 11 key parks, including Jiangdong New Area of Haikou and Yangpu Economic Development Zone, were established on June 3 last year. In 2020, the parks achieved a total operating income of 506.782 billion yuan, with a year-on-year increase of 49.8 percent.

Nowadays, the key parks have become the main field of Hainan's economic activities, the pilot area for policy implementation, the demonstration area for industry-city integration, and an important window for China's opening-up, said Feng Yan, official from the Hainan Provincial Development and Reform Commission.

In the first quarter of this year, there were 5,333 newly established enterprises in the 11 parks, making the number of registered enterprises reaching 44,232.

At present, 7 domestic duty-free licensed enterprises have set up their headquarters or Hainan operation centers in Haikou Comprehensive Bonded Zone, driving the rapid development of the province's duty-free shopping, and there are more than 30 Fortune 500 companies have settled in Jiangdong New Area of Haikou and Sanya Central Business District, Feng added.

In addition, the 11 key parks in Hainan have also increased infrastructure investment in areas such as education, health care, housing, and commerce. In 2020, the provincial government allocated a total of 26.1 billion yuan of various funds to support the construction of the key parks.

The 11 key parks have become an important window for Hainan's opening-up. In 2020, the province's key industrial parks actually used 1.6 billion U.S. dollars of foreign capital, accounting for 52.7 percent of the province's total, Feng said.