Hainan steps on the innovation pedal

More financing options, simplified procedures create favorable business environment

Hainan, China's largest free trade zone with a higher-level of opening-up policies, has made considerable progress in its efforts to create a favorable environment for innovation in the island province, according to provincial officials.

The FTZ, the 12th such in the country, said an improved, efficient business environment, better intellectual property protection and diversity in financial products were among its significant achievements.