Professor Zheng Yongnian of the National University of Singapore is in Haikou on the island of Hainan, China, where he participates in the creation of the largest Asia port project that the Chinese government plans to build in Haikou. So, June 25, 2018, Professor of National University of Singapore Zheng Yongnyang opened a seminar on "Singapore Free Trade Port in Haikou" and "Special Lecture on the Construction and Development of Hainan".
Zheng Yongnian believes that the establishment of Free Trade Zones on the Hainan Island can, far more than Singapore itself, absorb high-quality international capital that will not only benefit China's sustainable development, but will also promote the development of international trade.
The construction of the Hainan Free Trade Zone and the Free Trade Port with Chinese characteristics in Haikou is a new round of Hainan development opportunities. Hainan should be positioned as a major international platform for the country and reach a higher level in the country.
The construction of a free trade port in Singapore was very successful, so the same construction on the Hainan Island, which includes institutional innovation, the creation of modern management structures, industrial policy and strategy of talent deserve close attention.
Hainan should create a coordination agency for the construction of a free trade pilot zone, create an international platform for a free trade pilot zone, attract high-quality capital, develop high-value-added industries, attract talent at the expense of capital, and then manage modern services, tourism, etc. .
The seminar on the "Singapore Free Trade Port in Haikou" and "The Special Lecture on the Construction and Development of Hainan" was organized by the Foreign Affairs Department of Hainan Province, a total of more than 500 people from all government agencies were participants in this seminar, which was aimed at creating free trade zone with Chinese characteristics in Haikou to explore innovative and institutional opportunities, regulatory and legal approach, regulatory tools, as well as the development potential of foreign trade and Hainan Island into a new period of rapid development of the province.