Hainan is set to adopt a Shanghai free trade zone-style “negative list” policy this year to increase trade and investment, government portal gov.cn reported Sunday. A negative list specifies investment that is off-limits, leaving companies free to put their money any other sector. Chi Fulin, president of the Hainan office of the China Institute for Reform and Development, said the approach could go nationwide in three to five years. Meanwhile, Hainan governor Jiang Dingzhi said the government will simplify approval procedures for business investment, the report said.
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