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State-owned enterprises have joined the construction of a free trade port in Hainan

Workers are busy working on the construction site of haikou Zhongjiao International Free Trade Center, located on Guoxing Avenue, Haikou city, Hainan Province, where cranes stand and machines roar. Liu Junli, general manager of CCCC hainan regional headquarters, said that CCCC has participated in more than 1,500 projects in Hainan since entering the island.


In recent years, central enterprises have been actively involved in the construction of Hainan free trade port. After the release of the General Plan for the Construction of Hainan Free Trade Port, Hainan issued the Action Plan for Promoting the Entry of "100 Central Enterprises into Hainan" (2020-2022). The State-owned Assets Supervision and Administration Commission (SASAC) of The State Council and the Provincial Government of Hainan Province have also held symposia for central enterprises to promote the construction of key projects.


A large number of state-owned enterprises, including China Tourism Group, the restructured Hainan Port and Shipping Holding, China Merchants Hainan Development Co., LTD., Datang Trading co., LTD., and Datang Sea Control Co., LTD., have become important forces supporting the construction of Hainan FREE Trade Port in terms of policy practice, industry leadership and park construction. China Telecom, China Mobile, China Unicom and China Tower will speed up the construction of 5G communication infrastructure in Hainan and enhance the communication service capacity of the free trade port. China Southern Power Grid and Dongfang Electric Group have further improved the power business environment in cooperation with hainan's smart grid construction. China Railway Construction Group and China Energy Construction Gezhouba Group have actively participated in livelihood projects and infrastructure construction, becoming the main force in the construction of key projects of hainan Free Trade Port.


At present, the 1 million ton ethylene project of Hainan Refinery and Chemical Industry located in Yangpu Economic Development Zone is entering the peak of equipment installation. This project will become a new engine for the future development of Hainan Province and Yangpu Economic Development Zone, and is expected to directly drive the total output value of downstream industry to exceed 100 billion yuan. In order to serve these central enterprises with strong driving force, Hainan focuses on the service closely, increases the investment promotion work of chain extension service, and promotes the consolidation of industrial cluster foundation.


In 2021, the total operating revenue of central enterprises in Qiongwas 411.3 billion yuan, up 60 percent year on year. Since 2018, more than 50 state-owned enterprises have established strategic cooperative relations with Hainan Province. By the end of 2021, the number of centrally owned enterprises in June had reached 596, up 22.6% year on year. Its total assets reached 654 billion yuan, up 17.4% year on year; Profits totaled 30.3 billion yuan, up 82 percent year on year.


Hainan will continue to optimize the business environment, improve the work docking mechanism and strengthen safeguards to provide better services for central enterprises investing in Hainan, said Shen Xiaoming, secretary of hainan Provincial Party Committee and chairman of the Standing Committee of hainan Provincial People's Congress.


Source: State-owned Assets And Administration Commission of The State Council