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Top 500 multinational Corporations Visit Hainan Free Trade Port





On August 28-31, 2020, under the organization of CICPMC, Wang Qinmin, Vice President of the 12th CPPCC and form President of ACFIC, alongside leaders from five multinational corporations, visited Hainan Free Trade Port and held meetings and discussions with local officials so as to encourage the multinational corporations to learn more about the free trade port and invest in Hainan Province. The trip offered deep insights into the developments of the region.

Among the delegation were Zhao Bing, Senior Vice President of Qualcomm Incorporated, Xie Bing, Deputy Chairman of CP Group and Chairman of CP Pharmaceutical Group, Yan Caiming, General Manager of PPG, Asia Pacific Region, Huang Xiaojun, General Manager of Veolia China, and Xu Jun, Senior Vice President of AMB China.

Chief leaders of Hainan Provincial Government and Haikou Municipal Government met the delegation. CICPMC was to sign an agreement of strategic cooperation with Haikou Municipal Government. The two parties discussed their cooperation in detail. Afterwards, the delegation held talks with leaders of Hainan Government and visited Mission Hills Park, Jiangdong New Area and Medical Equipment Mall of CICPMC (Haikou) alongside the government leaders.

Hainan Free Trade Port, a pilot zone that features openness, is the frontier of China’s reform and opening-up. It exhibits China’s determination to expand opening-up and accelerate globalization. Since the outbreak of COVID-19 pandemic in 2020, drastic change in the economic situation has impacted all kinds of social and economic activities. As the world economy plunged into recession, international trade and cross-border investment have shrunk sharply. Against this backdrop, Hainan Free Trade Port, a strategic powerhouse for open economy faces both opportunities and challenges. The purpose of this visit was to encourage multinational corporations to corporate with and invest in Hainan, which would inject new impetus to the local economy and contribute to the development of Hainan Free Trade Port.