Haikou Jiangdong New Area Aims to Build Itself into Demonstration of Institutional Integration and Innovation

Since its establishment on June 3rd, 2018,the Haikou Jiangdong New Area, which is one of Hainan's 11 key industrial parks, has made headquarters economy, an airport economic zone, modern logistics and advanced manufacturing its main pillars. It has adhered to a high-standard of planning and green development, aiming to build itself into a demonstration of institutional integration and innovation.

By the end of January this year, a total of 186 construction projects had been started in the Jiangdong New Area. By 2021, the area had spent 31.3 billion yuan in fixed-asset investment. 

So far, 79 provincial and municipal management authorities have been delegated to the government affairs service center in the Jiangdong New Area and 29 service windows have been added there, providing “one-stop service” to meet the demands of enterprises and talents. In addition, the center has also set up a self-service area that can help handle 456business items, such as social security affairs. It has made it possible to handle all government-related business without leaving the park.

By the end of January this year, 73 leading enterprises had been attracted to settle in the area including 35 of the world's top 500 enterprises; 14 offshore trade enterprises; 9 financial leasing enterprises in the airport economic zone; 7 aviation logistics enterprises, and 13 business aircraft and navigation enterprises. In 2021,the Haikou Jiangdong New Area achieved a revenue of 323 billion yuan and a total tax of 6 billion yuan, introduced 1.96 billion US dollars of overseas capital, as well as completed offshore trading of 1.379 billion US dollars and financial leasing of 7.37 billion yuan. Currently, the key projects of the Haikou Jiangdong New Area have all started construction, enhancing the park’s competitiveness.