The 2024 Hainan Encouraged Catalogue aims to boost industries in the Hainan Free Trade Port, prioritizing sectors like tourism and technology.
The 2024 Hainan Encouraged Catalogue
The 2024 Hainan Encouraged Catalogue, jointly issued by the NDRC, MOF, and STA, aims to promote industries in the Hainan Free Trade Port. It focuses on key sectors like tourism, modern services, and high technologies, providing incentives for foreign investment and market expansion since 2020. The catalogue comprises 176 entries across 14 categories, with 33 new additions in areas such as cultural tourism, new energy, medicine and health, aviation, aerospace, and environmental protection.
Encouraging Investment in Hainan
The Hainan Free Trade Port offers incentives to attract investors, particularly foreign investment, with increased market access since 2020. The 2024 Hainan Encouraged Catalogue, effective from March 1, 2024, replaces the previous 2020 edition and includes new entries based on practical implementation experiences and specific needs within Hainan. These additions prioritize industries like tourism, modern services, and high technologies, driving further development and growth in the region.
