China Jinmao joins construction in Hainan

China Jinmao, a Hong Kong-listed real estate company, is committed to a strategic plan in the development of Hainan, especially the construction of Yazhou Bay in Sanya.

Under the theme of "Rebirth of the City", the top management of China Jinmao shared their insights about their participation in the construction of Hainan on Saturday.

Favorable national policies and Sanya's superior location enables China Jinmao to establish a benchmark for urban operation projects in Sanya--Nanfan Tech City, an urban operation project located in Yazhou Bay. The goal is to build a world-class scientific research base with local characteristics.

The preferential tax policy has brought huge opportunities to the development of Nanfan Tech City, with 23,000 market entities flowing into the area within 47 days. That means there were more than 100 companies settling down in Nanfan Tech City every day.

According to the top management of China Jinmao, Nanfan Tech City has completed more than 40 officially signed industrial and supporting projects, including more than 20 state-level key scientific research institutions and leading industrial enterprises, such as the Chinese Academy of Sciences, Chinese Academy of Agricultural Sciences and CITIC Agriculture.

Nanfan Tech City will provide Sanya with a complete and innovative scientific research industry in addition to the two key industries of tourism and real estate that Sanya has long relied on.

In terms of city operations, China Jinmao features both planning-driven and capital-driven modes with a focus on urban and industrial upgrading. Past projects all followed this blueprint.

As a developer with expertise in urban operations, China Jinmao has accumulated a wealth of experience during the construction of Shanghai's Jinmao Tower, Jinmao North Bund, and Changsha Meixi Lake, and formed a unique operation pattern which can be applied to the construction of Yazhou Bay.

"In this process, China Jinmao will be a friend of time, a friend of land, and a friend of urban development," said Li Rong, deputy general manager of China Jinmao Guangzhou and general manager of China Jinmao Sanya City Corporation.

Sanya has similar geographic attributes to Shenzhen. They are both southerly foreign trade ports on the golden coastline and the southern gate of China.

In June 2020, the "Overall Plan for the Construction of Hainan Free Trade Port" was issued. The construction of Hainan Free Trade Port is already a national-level strategy, as are the Yangtze River Delta, Xiong'an New Area and the Greater Bay Area.

Wang Yugang contributed to this story.