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Original title: Hainan free trade port plan has been implemented for a hundred days, the new “hard core” policy attracts famous Chinese and foreign companies to speed up the beach. Source: Shanghai Securities News
Original title: Hainan free trade port plan has been in place for a hundred days, and the new “hard core” policy attracts famous Chinese and foreign companies to speed up the beach.
On September 8, the Hainan Free Trade Port blockbuster “New Deal” construction lasted one hundred days. A magnificent development landscape is slowly unfolding in this hot land. “From the perspective of market reflections, Hainan is becoming a hot spot for global business development, with exceptional opportunities and promising prospects.” On September 7, the “Fosun FC2M Conference and Fosun Global Green Supply Chain Summit” organized by Fosun was held in Sanya, Hainan During the event, Shen Danyang, Deputy Governor of the Hainan Provincial People’s Government, said at the event that the Hainan Provincial Party Committee and the Provincial Government and all sectors of society are seizing this once-in-a-lifetime opportunity to steadily promote the implementation of the free trade port, and initial gratifying results have been achieved.
Shen Danyang specifically stated that since the Hainan Free Trade Port plan was announced, Hainan’s actual use of foreign capital has doubled for two consecutive years in 2018 and 2019, and year-on-year growth has nearly doubled in the first half of this year. Since Hainan Island’s new duty-free policy was officially implemented on July 1, the unprecedented duty-free shopping consumption has attracted market attention. In the past two months, sales exceeded 6.4 billion yuan, an increase of 2.5 times year-on-year, and average daily sales exceeded 100 million. Yuan, the total number of market entities in Hainan exceeded one million.
The duty-free shopping policy in the outer islands has been relaxed considerably, the “gift package” of preferential policies for individual taxes and corporate income tax has been officially introduced and the use of jet fuel is allowed. bonded for flights in and out of the islands. Innovation in system integration is a distinctive feature of the Hainan Free Trade Port policy system. Shen Danyang summed up the preferential policies of the Hainan Free Trade Port in 12 words: “zero fee, low tax rate, simple tax system and six freedoms.” If the tax rate is low, a talent with an annual salary of 2 million yuan can pay 400,000 yuan less per year. Income tax; In terms of the simplified tax system, Hainan will simplify the current taxes in the next step. The “strengths” of the Hainan Free Trade Port are summarized in “two customs, one low and one less”: more resources, more commercial opportunities, low costs and less control.
“The Free Trade Port ‘New Deal’ has been in place for nearly 100 days, but the Hainan Global Promotion Conference has been held for over 100 days. This just shows that investors around the world are focusing on Hainan “. Regarding the investment promotion of the Hainan Free Trade Port, Han Shengjian, director of the Hainan International Economic Development Office, said at the summit that, unlike other free trade zones in China, the development industries key to the Hainan Free Trade Port are tourism, modern services and high-tech industries.
The construction of a free trade port in full swing is also attracting foreign investment to Hainan. It is reported that in the first seven months of this year, 288 foreign-funded companies were established in Hainan province, an increase of 52.38% year-on-year. The actual use of foreign capital was US $ 330 million. Foreign investment has become a bright spot in Hainan’s economic growth. Among them, in July alone, 86 foreign-funded companies were established in Hainan province, an increase of 230.77% year-on-year.
“As a window to the outside world, due to the quite favorable tax policies, whether they are central companies, private companies or companies with foreign investment, all are considering establishing investment headquarters in Hainan, with Hainan as the base for investment in the Southeast Asia and the world “. Han Shengjian frankly said that Hainan is becoming the global “paradise” of duty-free shopping, international giants, including duty-free product management groups, luxury brands, etc., all want to deploy in China . Some want to locate their Chinese headquarters in Hainan and others want to move their Asia-Pacific headquarters to Hainan.
Han Shengjian said: “In terms of the modern service industry, not only global multinational corporations are discussing with us and want to locate the global trade center and regional development headquarters in Hainan, but also central enterprises and large private enterprises. are actively deploying Hainan, looking forward to enjoying Hainan. Preferential Policies of the Free Port “.
Regarding the preferential policies of the Hainan Free Trade Port, Han Shengjian specifically cited the “zero fee” policy as an example. Before customs operations on the island, there are four categories of goods that can be managed through the lists “one negative and three positive”, and the first to implement “zero fees”. Including companies that import production equipment for their own use, operational vehicles and yachts, raw materials for business production, and imported goods consumed by island residents. Imports of these goods are exempt from customs duties, import value added tax and consumption tax. After the customs clearance operation throughout the island, the goods that are allowed to be imported outside the catalog of imported taxable goods will be exempt from import duties, and by then a simplified tax system will be implemented and the corresponding taxes will be exempt in the importation process. This is the final appearance of the “zero fee” of the Hainan Free Trade Port.
Han Shengjian said that according to the plan, by 2025, the Hainan Free Trade Port will achieve freedom and convenience of trade and investment; By 2035, it will become a new highland for an open economy. By 2050, the Hainan Free Trade Port will become the highest-level free trade port in the world.
“The sign of the basic completion of the Hainan Free Trade Port is the realization of the ‘six freedoms’, namely the freedom and convenience of trade, investment, cross-border capital flow, entry and exit of personnel and data security, “Han Shengjian explained, such as cross-border capital flow. Freedom. Under the capital account, companies with financing needs in Hainan can apply directly to Hainan Bank for local approval and release; companies with investment and financing needs may be listed directly in Hainan in the future on foreign capital markets.
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