The modern service industry of Hainan Free Trade Port maintains growth momentum as the whole island is about to be sealed off

According to statistics from the Department of Commerce of Hainan Province, from 2018 to 2024, the average annual growth rate of modern service industry in Hainan Free Trade Port reached 9%, exceeding the GDP growth rate during the same period; In the first three quarters of this year, the modern service industry achieved an added value of 351.59 billion yuan, continuing to maintain a growth trend.

At the press conference on the "High Standard Construction of Hainan Free Trade Port" held in Tianjin on the 21st, Li Zhiping, member of the Party Group and Deputy Director of the Hainan Provincial Department of Commerce, stated that the closure operation is imminent, and the Hainan Free Trade Port has expanded its comprehensive pilot of opening up through the service industry, driving the modern service industry to achieve good development.

In recent years, Hainan Free Trade Port has built a financial policy system centered on the liberalization and facilitation of cross-border trade and investment and financing. Financial policies such as multifunctional free trade accounts (EF accounts), cross-border fund centralized operation centers, pilot cross-border asset management businesses, and aircraft and ship financing leasing have been implemented one by one, allowing global funds to flow freely in Hainan and injecting fresh water into enterprise development.

There are 66 internationally registered ships in Yangpu Port, China, with a total capacity of over 6.2 million deadweight tons, ranking among the top in the country; Sea freight routes continue to be encrypted, opening 74 international container routes; Expand the opening of the fifth and seventh air rights, and build a network of 82 international civil aviation routes; Zero tariff import of transportation vehicles and yachts, combined with bonded oil refueling for domestic and foreign trade, effectively reduces the operating costs of maritime service enterprises The rapid development of modern logistics industry is making Hainan an important shipping hub connecting domestic and international dual circulation.

The development of information transmission, software, and information technology in Hainan Free Trade Port is also showing good momentum. The submarine cable connects Hong Kong and Southeast Asia, and the International Communications Import and Export Bureau ensures fast and stable data transmission, attracting companies such as gaming, cross-border live streaming, and short video to expand their business in Hainan. Hainan has taken the lead in launching a negative list for data export, providing clear rules and guidance for cross-border data flow in industries such as aerospace, seed industry, and tourism, further reducing institutional costs for enterprises.

In terms of medical tourism consumption, Hainan relies on the policy advantages of Boao Lecheng International Medical Tourism Pilot Zone to achieve the "three synchronizations" of medical technology, equipment, and drugs with the international advanced level. As of now, the pilot zone has completed the "first use" of 525 international innovative medical devices in China. Last year, it received over 400000 medical tourists, and in the first 10 months of this year, it received over 560000 medical tourists, a year-on-year increase of over 80%.

In the field of education, Hainan allows high-level universities and vocational colleges in science, engineering, agriculture, and medicine from overseas to independently operate in Hainan, attracting world-renowned universities such as Bielefeld University of Applied Sciences in Germany and Lausanne Hotel Management Institute in Switzerland to settle in, allowing domestic and foreign students to enjoy top-notch international education in Hainan.

With the support of the opening-up policy, the modern service industry of Hainan Free Trade Port is ushering in a new round of rapid development. Li Zhiping invited entrepreneurs to quickly layout Hainan and share the opportunities of the free trade port opening.