2024 Hainan Encouraged Catalogue boosts industries in the Hainan Free Trade Port, prioritizing tourism, services, and technology, offering incentives for investment.
The 2024 Hainan Encouraged Catalogue Overview
The 2024 Hainan Encouraged Catalogue, jointly issued by the NDRC, MOF, and STA, aims to bolster industries in the Hainan Free Trade Port. Prioritizing sectors like tourism, modern services, and high technologies, the Catalogue offers incentives for foreign investment and market access expansion. With 176 entries across 14 categories, including 33 new additions focusing on cultural tourism, new energy, medicine and health, aviation, aerospace, and environmental protection.
Key Highlights of the 2024 Hainan Encouraged Catalogue
The updated Catalogue replaced the 2020 Edition on March 1, 2024, featuring new entries tailored to Hainan’s specific needs. It emphasizes sectors like tourism, modern services, and high technologies. The Hainan FTP aims to attract investors, particularly foreign investment, by expanding market access since 2020, especially in telecommunications, tourism, and education. Foreign-invested enterprises are advised to align their activities with the Catalogue of Encouraged Industries for Foreign Investment to facilitate business operations in the region.
