Official: Hainan FTZ has made good start

The China (Hainan) Free Trade Pilot Zone will continue to deepen reforms and accelerate the establishment of an open, ecological and service-oriented industrial system in line with advanced international standards, a senior official of Hainan province said.

China announced in April the transforming of the entire Hainan Island into a pilot free trade zone and granted Hainan much more autonomy than that given to the other 11 FTZs, with an aim to build Hainan into a standard bearer for the country's reform.

In the past six months, Hainan has made a good start in establishing a well-linked administrative mechanism, introducing headquarter economy projects and talent resources from the outside world, conducting institutional reforms and opening up to the outside world, Sun Dahai, deputy secretary-general of the Communist Party of China Hainan provincial committee, said on Monday.