Project Name
Hainan International Commodity Trade Center Project
Project Location
The airport economic zone of Meilan Airport, Haikou, Hainan province
Industry
The Tertiary Industry
Investment Scale
The total investment of the project is about 5 billion yuan.
Construction Period
The construction period is five years and the completion time is December 2025.
Project Type
Undefined
Investment Mode
Undefined
Publishing Date
2020-08-13
Project Description
1 Positioning
The project is based on the global consumer goods exhibition trade and consumer goods industry exhibitions, integrates the market and selects Chinese-made commodities, and drives tens of thousands of business entities coming to Hainan to display and trade (hereinafter referred to as "Exhibition and Trade Center"). As a platform to influence the Southeast Asian market; gather high-quality imported goods from global brands; take advantage of Hainan’s offshore duty-free advantages, and sell them across China through the Exhibition and Trade Center.
(2) Functions
★ Product displays throughout the year;
★ On-site negotiations and transactions;
★ Short-term exhibition displays;
★ Visitor shopping center;
★ Storage and logistics supporting services;
★ Service facilities such as hotels, restaurants, supermarkets, etc.
2 Goals and Targeted Investors
To become a global and modern smart exhibition and trade complex, a landmark achievement in the construction of the Hainan Free Trade Port, and an important carrier of cross-border business services. The main investment targets are: multinational enterprises focusing on investment introduction and the operation of large-scale commercial complexes, as well as well-known groups and enterprises with investment experience and industrial resources in exhibitions, conferences, international trade, retail business, and cultural tourism industries.
3 Analysis of Strengths
(1) Preferential Policies
The maximum personal income tax for talents is 15 percent; encouraged enterprises are subject to 15 percent corporate income tax; production equipment imported by enterprises for self-use is exempt from import duties, import value-added tax and consumption tax; imported operational vehicles and yachts are exempt from import duties, import value-added tax and consumption tax; raw materials imported for production are exempt from import duties, import value-added tax and consumption tax; imported goods purchased by residents on the island are exempt from import duties, import value-added tax and consumption tax; the tax-free shopping quota for outlying islands is increased to 100,000 yuan per person per year; tourism, modern service, and high-tech industries will be exempted from corporate income tax on newly-added overseas direct investment income before 2025; corporate capital expenditures can be deducted or accelerated depreciation and amortization at one time; overseas exhibits at the exhibition center can enjoy import and sales tax exemption; implementation of the Hainan Free Trade Port’s cross-border service trade negative list; implementation of the Hainan Free Trade Port’s special list for market access; implementation of the Hainan Free Trade Port’s negative list of foreign investment access; implementation of a more convenient visa-free entry policy; the free and open cargo in-and-out policy greatly facilitates the project's international logistics function; the convenient cross-border capital circulation policy and the multi-functional free trade account system are extremely conducive to the construction of the project's global small commodity international trade settlement center.
(2) Unique Geographical Advantages
The plan calls for the project to be located in the airport economic zone of Meilan Airport, which has obvious location advantages. First, it is adjacent to Meilan Airport, with convenient flow of personnel and logistics, and complete surrounding logistics facilities. With the opening of Hainan’s sixth air rights, Meilan Airport’s international route resources have steadily increased. Second, it is close to Haikou Port, with convenient airport and seaport linkages, meaning the diversified needs of commodity logistics can be greatly satisfied. The third is the geographical advantage of being backed by the Qiongzhou Strait, and close to the mainland, which not only facilitates the gathering of mainland people, but also facilitates the project's digital trade hub functions to more conveniently connect the mainland to overseas regions.
4 Project Planning and Supporting Facilities
(1) Industrial planning
The project complies with the "Guiding Opinions on Promoting the Development of the Commodity Exchange Market Development Platform Economy issued by the Ministry of Commerce and other 12 departments," the "Implementation Plan for the Construction of an International Tourism Consumption Center in Hainan Province," and the "Mid-term and Long-term Development Plan for the Convention and Exhibition Industry of Hainan Province (2017-2030)", "Haikou Jiangdong New District Master Plan (2018-2035)" and other related plans.
(2) Surrounding construction and city supporting facilities
Convenient and fast inter-city transportation network that relies on multiple transportation modes to build a seamless transfer and transportation support system; the airport free trade zone near the airport economic zone; complete infrastructure facilities and a complete free trade industrial system.
(3) Cooperation Mechanism
At present, the Investment Promotion Department of Haikou Jiangdong New Area Administration Bureau of Hainan Free Trade Port in China is coordinating and leading this project and is forming a working group. The deputy director of the investment promotion department serves as the team leader to communicate and liaise with the Municipal Development and Reform Commission, the Municipal Bureau of Capital Regulation, the Municipal Bureau of Commerce, the Municipal Transportation, Port and Shipping Bureau, the Municipal Finance Bureau, and the Municipal Taxation Bureau. Encountered problems and difficulties will be solved in a prompt and professional manner.
Project Owner
Haikou Jiangdong New Area Administration
Contact
Tel: 0898-65680687
