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Live Updates  >  Live Update Details

2025-12-14 20:47:20

On December 13, the Hainan Provincial Government held a brainstorming session to implement the spirit of the Central Economic Work Conference, focusing on the solid advancement of the Hainan Free Trade Port construction. The session included a special discussion on the expected indicators, key initiatives, breakthrough measures, and major projects for the province's economic and social development during the 15th Five-Year Plan period, particularly up to 2026. Governor Liu Xiaoming presided over the meeting. The meeting emphasized the need to understand the current situation, correctly recognize the environment facing economic development, strengthen confidence, leverage advantages, and enhance internal capabilities. It stressed the importance of focusing on the high-standard construction of the Hainan Free Trade Port, implementing precise breakthroughs and a comprehensive approach, fully tapping economic potential, and gaining strategic initiative in promoting high-level opening-up and achieving high-quality development. The meeting also emphasized the need to accelerate the transformation of policy resources into industrial resources, cultivate and strengthen the "five-pronged approach" characteristic industrial chain, develop new productive forces according to local conditions, and build a modern industrial system with Hainan characteristics and advantages to solidify the foundation of the real economy. Finally, the meeting stressed the need to strengthen the Hainan Free Trade Port's channel function, serving as an exploratory channel for institutional opening-up and a fast track for the flow of goods and factors of production. We will accelerate the development of a fast-track system, actively expand and divert traffic to increase the scale of domestic demand; focus on improving the quality of supply, strengthen the planning and reserve of projects related to people's livelihoods, and expand consumer markets such as youth, the elderly, and foreign tourists to accelerate the release of domestic demand potential; strengthen the allocation of resources and factors, give full play to the integrated effects of policies such as EF accounts, expand cross-border financial business, actively develop airport and port-related industries, create a digital economy industrial cluster with international competitiveness, and improve the quality and efficiency of the service industry; prevent and resolve risks in key areas, and firmly safeguard the bottom line of safety; build an efficient government, optimize government services, resolutely resolve historical issues, continuously serve existing enterprises, provide full-process services for new enterprises, and create a first-class business environment that is market-oriented, rule-of-law-based, and internationalized. (Hainan Release)

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