Please select your home edition
SW newsletters (top)

Coming soon: Hainan Free Trade Port

by Guy Nowell 18 Jun 03:06 PDT
Hainan - south and west of Hong Kong. © Google Maps

At the Macau Yacht Show Conference, in December last year, we heard that the Chinese government was going to be paying a lot more attention to Hainan in the near future. The occasion was the Asia-Pacific Yacht Industry High-Level Forum 2019, and the speaker was Hu Xiao-Ming, Vice President of Sanya Yacht Association, promoting Hainan as a new yachting destination, and mentioning that a number of ports were now open to private leisure boating as of June 2019. Further details were not forthcoming. Hu extolled the virtues of Hainan’s unique environmental attributes, and anticipated that they would be a big draw for boat owners. Hainan, he said, and specifically Sanya, is ready to welcome yachts.

It is often tricky in this part of the world to distinguish fluff from fibre, so it is with interest that we report the release on 01 June 2020 of a Master Plan from “Chinese authorities”, aimed at boosting the building of a Hainan Free Trade Port and the development of the whole of Hainan Island as a Free Trade Zone. “A great wave of investment opportunities are on the way,” says Ruslan Tulenov, Supervisor at Hainan Provincial Bureau of International Economic Development. The Overall Plan for the Construction of Hainan Free Trade Port (“the Masterplan”), will make Hainan the largest special economic zone in China.

According to the plan jointly issued by the Central Committee of the Communist Party of China (CPC) and the State Council, “a free trade port system focusing on trade and investment liberalisation and facilitation will be established in Hainan by 2025 and become more mature by 2035.” The province is destined to become a “globally-influential high-level free trade port by the middle of the century.”

There are a great many conditionals. For example, “foreign investment should be allowed in any field not on the prohibition list. For fields with mandatory standards, a filing system should be established, and market players should be allowed to start investment and business activities once they promise to meet relevant requirements and submit relevant materials for record,” and there’s lots more.

Trying to locate the nitty-gritty is hard. The plan is keen to promote “the development of the Hainan Boao Lecheng International Medical Tourism Pilot Zone, and build cultural tourism industrial parks and cruise tourism pilot areas.” Hainan becomes a Duty Free Zone for “fields like consumer goods, cruises and yachts,” and “Hainan will encourage international cruise lines to set up international settlement and operation centres, support yacht companies to set up regional headquarters, and encourage yacht companies to establish research and development (R&D), production, sales, service and maintenance bases in the island.” Cruise ships and yachts are going to be exempt from import duties, import VAT and Consumption Tax, and yacht leasing [charter?] is to be permitted.

First with a hand in the air in Hong Kong is Ferretti Group Asia Pacific, who have signed a strategic Memorandum of Understanding (MOU) with the Sanya Central Business District (SCBD) in support of the continued development of the marine industry in the region. The SCBD is one of the 12 pilot projects in the proposed Hainan Free Trade Zone and Free Trade Ports. Sanya has become one of the few major tropical cities in China where pleasure boating has been considered one of the most attractive leisure activities, and has the potential to be a critical location in the development of yachting in the region. It currently receives more pleasure boats delivered to China than any other Chinese city, and continues to keep the highest growth rate in terms of number of pleasure boats, especially imported yachts. Hopefully, crews in this year’s RHKYC Hong Kong to Hainan Race (starts 23 October) can look forward to breezing through Customs & Immigration upon arrival in Sanya!

There’s lots more, involving everything from low-carbon manufacturing to high-efficiency agriculture, and of course IT and communications.

You can read the whole story here:

There’s also a summary from China Briefing:

Related Articles

The Industry loses a legend
Peter Rendle's latest Australian newsletter It was with much sadness that I read the news of Ian McAndrew's passing. Ian was an industry legend who always had a positive word of encouragement when the going got tough. Our condolences and thoughts are with his family and friends. Posted on 2 Jul
An industry stalwart needs your help
Peter Rendle's latest Australian newsletter While the state of Victoria has experienced an upturn in the number of new Covid-19 cases, the rest of Australia is looking forward to the re-opening of state borders. Meanwhile the industry is coping in the best way possible. Posted on 25 Jun
Insurance, Electronics, Promotions and Skills
Peter Rendle's latest Australian newsletter We start with an interview. Electronics from Navico head the 'new products' section. Computer technology continues to assist boaters. Posted on 18 Jun
Technology developments improve boating lifestyle
Peter Rendle's latest Australian newsletter As we look forward to returning to normal trading conditions, the boating industry continues to utilise technology to improve the boating experience. And advancing technology plays a part in the ability to produce online webinars. Posted on 11 Jun
The boating industry is on the move upwards
Peter Rendle's latest Australian newsletter While some state Premiers decline to open their borders, the boating industry continues to plan for the future. Positive feedback from major players indicate that the way forward is proving fruitful. Posted on 4 Jun
Industry gears up to adapt to the new norm
Peter Rendle's latest Australian newsletter As boating industry members begin to kick start their business structures and adapt to the 'new norm', Mark Jardine, Managing Editor of and, chats with Domenic Genua of the Boating Industry Association (BIA). Posted on 28 May
Restrictions eased but state border closures go on
Peter Rendle's latest Australian newsletter The restrictions on movement within the states continue to be relaxed but border barriers remain in place. In NSW The Boating Industry Association (BIA) today welcomed the relaxation of restrictions on recreational boating in NSW. Posted on 21 May
Restrictions eased but a long way to go
Peter Rendle's latest Australian newsletter While the federal government have eased some restrictions on social movements including allowing ten people to gather in cafes, restaurants and hotels, we are a long way from returning to the norm, if ever. Posted on 14 May
HKBIA seeks Government support
Hong Kong marine leisure industry players hard hit by Covid-19 Hong Kong is home to the biggest concentration of pleasure boats in South East Asia, and is acknowledged as Asia's most mature leisure boating community. But for how long? Recent months of restrictions have severely affected the business of the many SMEs Posted on 14 May
MBW newsletters (top)