Asia-Pacific Financial Town

A total of 495 investment enterprises with a registered capital of 19.88 billion yuan ($3.06 billion) have settled in Asia-Pacific Financial Town, in the Hainan city of Sanya by March 2021.

In 2020, the output value of the town is thought to have exceeded 300 million yuan, with 70 million yuan contributed to the local tax take.

The town is presently home to 254 private equity fund management companies with a registered capital of 3.77 billion yuan; 124 private equity limited partnerships with a registered capital of 14.06 billion yuan; 56 investment companies with a registered capital of 473 million yuan; and 61 investment limited partnership companies with a registered capital of 1.14 billion yuan.

Since the release of the Master Plan for the Construction of Hainan Free Trade Port on June 1 last year, the town has held five promotion conferences in Shenzhen, Beijing, Shanghai, Hangzhou, and Chengdu, which greatly boosted the growth of funding and investment enterprises in the city.

Next, the town will improve its services in terms of registration, operation, preferential policy implementation and investment promotion. According to persons-in-charge of the town, it will also strengthen cooperation in the financial services industry, getting banks, securities firms, law firms and accounting firms to build a free trade port investment service alliance and offer professional services.

A photo of Asia-Pacific Financial Town in Sanya. [Photo/hndnews.com]