SCIO press conference on development of Hainan Free Trade Port

China News Service:

We have noticed that Hainan has always attached great importance to institutional integration and innovation. Could you share some successful cases with us? What are the next steps to promote institutional integration and innovation in relation to the special customs operation? Thank you.

Liu Xiaoming:

Thank you for your questions. Hainan regards institutional integration and innovation as a key driver for promoting high-level openness and implementing reforms. It has cultivated 20 batches comprising 166 innovative cases, more than 40 of which have been recognized by relevant central departments and promoted nationwide. These efforts have fully demonstrated Hainan's role as a pioneering reform and opening up pilot zone. For example, Hainan was the first province in the country to implement a province-wide credit restoration system featuring "one application, one online process," enabling business entities to restore their credit scores after being blacklisted for dishonest behavior without needing to visit in-person. This promotes the effective functioning of both incentive mechanisms for trustworthy behavior and punitive measures for dishonest behavior. We have also introduced a series of reform measures aimed at offering one-stop services, covering matters with the characteristics of the free trade port, such as services for foreigners, foreign enterprises and foreign direct investment. For example, we have taken the lead in the country in establishing a unified, open and transparent provincial platform for land information promotion — known as the "Land Supermarket." The platform enables enterprises to browse, select and acquire land entirely online through "cloud-based land browsing, selection and purchasing." This makes the acquisition of land more efficient, convenient and reassuring for enterprises, while also effectively addressing the issues of "projects without land" and "land without projects." For another example, we have launched and operated multifunctional free trade accounts, explored the establishment of centralized cross-border capital operation centers, developed an innovative full-process supervision model for zero-tariff imported goods, took the lead in implementing electronic tags for duty-free cosmetics, and created a "credit + smart technology" port supervision model. All of these represent valuable explorations in innovating supervision and service models for the upcoming special customs operation.

Looking ahead, we will continue to regard institutional integration and innovation as the "golden key" to driving development and addressing problems. Focusing on the institutional arrangements for the special customs operation of Hainan FTP, we will actively engage in explorations and practices, while promptly summarizing and refining reform and innovation practices in areas such as institutional design, governance system, legal safeguards and supervision models, striving to build a special customs supervision zone with international competitiveness and influence. At the same time, we will use high-standard economic and trade rules as a benchmark, and strengthen the alignment and integration of rules, regulations, governance and standards. We will take a well-planned approach to reform, opening up and high-quality development before and after the special customs operation. Efforts will also be made to cultivate and introduce more innovative achievements from institutional integration that have national demonstrative value and influence as well as distinct free trade port features, further promoting new momentum, new advantages and new vitality in Hainan FTP.

Here, I would also like to express my sincere gratitude to the media for your attention, interest and support for the development of Hainan FTP and the high-quality development of Hainan. Thank you.

Shou Xiaoli:

Thank you, all the speakers and the media. Today's briefing is hereby concluded. Goodbye.

Translated and edited by Xu Xiaoxuan, Yan Xiaoqing, Xu Kailin, Wang Xingguang, Gong Yingchun, Liu Caiyi, Liu Sitong, Mi Xingang, Wang Yiming, Yuan Fang, Zhang Junmian, Huang Shan, Li Huiru, Zhang Rui, Wang Qian, David Ball, Tudor Finneran, and Jay Birbeck. In case of any discrepancy between the English and Chinese texts, the Chinese version is deemed to prevail.