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Home / South China Morning Post / China’s Hainan boosts supervision of free-trade port to prevent island becoming ‘tax haven’

China’s Hainan boosts supervision of free-trade port to prevent island becoming ‘tax haven’

Summary:
[unable to retrieve full-text content]Hainan is tightening supervision of its business environment to ensure the tropical island does not become a tax haven, after Beijing outlined plans to turn it into a free-trade port that might one day rival Hong Kong and Singapore.China’s central government unveiled a blueprint to transform the 35,000 sq km island by establishing it as a duty-free shopping hub, relaxing visa requirements and loosening restrictions on capital flows and data by 2035.To attract talent and financing, the island…

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[unable to retrieve full-text content]
Hainan is tightening supervision of its business environment to ensure the tropical island does not become a tax haven, after Beijing outlined plans to turn it into a free-trade port that might one day rival Hong Kong and Singapore.China’s central government unveiled a blueprint to transform the 35,000 sq km island by establishing it as a duty-free shopping hub, relaxing visa requirements and loosening restrictions on capital flows and data by 2035.To attract talent and financing, the island…

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