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Vice-premier stresses solid, prudent efforts in building Hainan free trade port

Updated: Jun 01,2020 10:24 PM    Xinhua

HAIKOU — Vice-Premier Han Zheng has called for advancing the construction of the Hainan free trade port in a progressive manner and by making solid and prudent efforts.

Han, who heads a leading group on deepening all-around reform and opening-up in South China's Hainan province, made the remarks at a meeting of the group on May 31 in Haikou, capital city of Hainan.

Han underlined the importance of high quality and high standards of construction in the Hainan free trade port, calling for efforts to explore a new path of comprehensively deepening reform in the new era.

Key sectors and links should be prioritized to speed up the achievement of phased progress in building the free trade port, he said.

Focusing on the innovation of institutional integration, Han demanded efforts to further free people's minds, fully roll out the simplifying approval system and establish a sound system of fair competition. He also called for improving the property protection system, as well as systems concerning zero-tariff and market access in trade and investment fields for maximum liberalization.

He stressed the development of high-tech industries and environmental protection sectors, as well as industries with local features, in the process of developing the free trade port.

Efforts should also be made to forestall major risks, optimize regulatory supporting measures, enhance compliance oversight and promote high-standard opening-up via regulatory innovation to ensure sound and sustained development of the free trade port, he said.