Hainan free trade port inks 35 key investment deals

Island province’s ambitious plans to rival Hong Kong as economic hub gets another boost

Hainan free trade port inks 35 key investment deals
Deals ahoy: 6.4bn yuan of contacts signed for nascent free trade port.

(ATF) South China's Hainan Free Trade Port has inked 35 key investment projects, including eight foreign-funded ones as the province attracts investors from home and abroad with its opening-up.

An on-site and online signing ceremony for the projects was held in Haikou, capital of island province on Saturday, with the total value of deals surpassing 6.4 billion yuan ($903 million). They cover free trade port construction, industrial development and public services.

French energy giant EDF, the Shenzhen Stock Exchange and China Eastern Airlines were among the participating enterprises.

On June 1, China released a master plan for the Hainan Free Trade Port, aiming to build the whole of Hainan Island into a globally influential high-level free trade port by the middle of the century. 

READ MORE: Hubei FTZ handed development boost