STATEMENT: "Strolling Davos" event attracts multinational companies to Hainan

(Information sent by the signatory company).

STATEMENT: "Strolling Davos" event attracts multinational companies to Hainan

(Information sent by the signatory company)

HAIKOU, China, Feb. 20, 2023 /PRNewswire/ -- A news from the Hainan International Media Center (HIMC):

On February 18, the three-day leg of the "Walking around Davos" event concluded in Sanya, in the southern Chinese province of Hainan.

Nearly 30 high-level representatives from Nestlé, Samsung, HSBC, Marriott International, Siemens Energy and other well-known multinational companies were invited to take the pulse of Hainan Free Trade Port (FTP) development on visits to key industrial parks in Haikou , Sanya, Qionghai and Danzhou.

Chen Liming, Chairman of the Greater China World Economic Forum, told the FTP policy promotion meeting that apart from its enchanting scenery and exceptional weather conditions, Hainan also has unique advantages in the form of FTP policies. "Actually, foreign-funded enterprises have been paying close attention to the development of FTP, especially its preferential policies and industrial prospects," Chen said.

After conducting surveys in Jiangdong New Area and Haikou National High-tech Industrial Development Zone, Boao Lecheng International Medical Tourism Pilot Zone in Qionghai, Central Business District and Bay City of Science and Technology from Yazhou in Sanya, and the Yangpu Economic Development Zone, many representatives were already seriously considering a substantial expansion into the Hainan market and taking advantage of the FTP prospects.

Charles Shi Zhenchun, director general de Universal Theme Park

According to Zhang Tiangui, Senior Vice President of Siemens China, the layout of Yangpu's intelligent equipment manufacturing industry is a big draw for the company, which is dedicated to supplying services and equipment to the global energy sector. Zhang added that his company would study the possibility of establishing a base in Yangpu to serve the markets of mainland China and Southeast Asia.

Yangpu's business environment also caught the eye of Zhou Hongwei, vice president of Dech Holdings Group, a Wuhan-based international trading company. Zhou said his company would explore more cooperation opportunities with Yangpu.

Initiated by the National Development and Reform Commission (NDRC) and the World Economic Forum in 2020, "Strolling Davos" government-business exchange meetings and surveys have been held in Zhejiang, Liaoning, Tianjin, Beijing and other places of China in recent years, providing a platform for exchanges and cooperation between local government and international companies.

Held in Hainan, which is poised to become the world's largest free trade zone by mid-century, this year's "Walking in Davos" offered foreign investors a more promising view of FTP and the opportunity to share their perspectives.

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