China is turning Hainan into a free trade hub, just like Hong Kong.

Further solidifying their economy and international presence.

Alfred Lee

3 Jun, 2020

China is turning Hainan into a free trade hub, just like Hong Kong. | BEAMSTART News

- From our Sponsors -

As the United States strives to recover from the pandemic, China is upping its game in becoming a global super-power and economy.

China's government has outlined plans to transform Hainan into more than just a tourist destination, but instead into a "free trade port" much like Hong Kong.

The new plans outline special policies for Hainan, which include scrapping import duties, lowering company tax rates to 15%, as well as relaxing visa requirements for tourists and business travellers.

The tropical island of 9.5 million people will also enjoy freedoms in trade, capital flows, and a much more simplified investment environment.

Hainan is also known as the "Hawaii of China".

China understands the possibility of trade tensions rising further with the United States, and sees this as an alternative solution to further anchor their economic growth.

By developing Hainan further, China is also able to have the benefits of both worlds — control over their mainland economy, while reaping the economic and cultural benefits from the outside world that Taiwan and Hong Kong enjoys.

While Hainan will never become like Hong Kong, it certainly has many ingredients to make it become a tourism, trading, and even potential financial hub in the long term.

- From our Sponsors -

Latest Jobs

Quality Assurance Lead



Full Time

Salary Undisclosed

Content Writer (Esports / Gaming)


Petaling Jaya, Malaysia


MYR 400 — MYR 600 monthly

News Editor

British Broadcasting Corporation

Hong Kong, Hong Kong (香港)

Full Time

Salary Undisclosed

Full Stack Developer - Financing Domain

OnDemand Agility


Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment


Full Time

SGD 2000 — SGD 3500 monthly

Senior Events Manager/ Director

Thomson Reuters

Singapore , Singapore

Full Time

USD 17000 — USD 25000 monthly

Digital Marketing Intern

Undrcut Digital Marketing



SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).