Home>Investment>Policies

Hainan launches action plan on building first-class business environment

Print InvestHainan Updated: 2020-10-21

To speed up the establishment of a law-based, international, and convenient business environment to further unleash vitality and creativity among various market entities, as well as to accelerate the building of Hainan Free Trade Port (FTP), Hainan province has launched an action plan that has taken its unique conditions into consideration.

I. Starting a business

1. Further the reform to separate business licenses and operation permits with full coverage on pilot projects. For administrative licensing issues undertaken by provincial and lower-level governments, the optimized approval service is replaced by registration document filing and the notification commitment system. 

2. Free seal-engraving service will be provided to businesses in all aspects and across the whole province for the engraving of company official seals, financial seals, invoice seals, and legal representative seal. 

3. Explore the practice of the commitment system for business residence and the notification commitment system for business name registration to increase the one-time pass rate of the business name verification process.

4. Apply the pilot supervision mode of presumed qualification with "unconditional access, registration upon filing, approval-free operation, and credit-based supervision" in Yangpu Economic Development Zone, Boao Hope City, Haikou Jiangdong New District, and Sanya Yazhou Bay Science and Technology City in areas with mandatory standards.

Enterprises are allowed to undertake business activities with their business license upon making the qualification commitment, while sectoral administrative departments should provide guidance from the early stages, follow the whole process, and direct and urge enterprises to abide by relevant laws and regulations, as well as industry norms through spot checks and by guiding industrial associations to make self-examinations and credit ratings among other during-and-after-event supervision methods.

II. Dealing with construction permits  

5. Establish the public service information platform for the planning and creation of engineering construction projects in Hainan province, as well as improve the scientific decision-making process for projects.

6. Explore the reform of adopting the "checklist plus commitment" system in the examination and approval of small and medium-sized engineering projects invested in by social investors, and formulate a simplified approval process.

7. Promote pilot implementation of Inherent Defect Insurance (IDI) for construction project quality in the Yangpu Economic Development Zone, Boao Hope City, Haikou Jiangdong New District, and Sanya Yazhou Bay Science and Technology City, as well as explore the insurance model of risk control in the whole process of project quality safety.

III. Registering property 

8. Explore and establish a regular updating mechanism of cadastral maps, regularly update the cadastral map data disclosed to the public, provide search service through which the natural status of real estate properties registered in the province, seizure, mortgage, and restrictions on the properties, cadastral map and other information according to the address (except for information related to the privacy of enterprises and individuals).

9. Promote the joint mode of "real estate registration plus online integrated service platform plus mobile app" to enhance the registration efficiency.

10. Explore the establishment of the rapid mechanism for the reduction and exemption of real estate registration fees for small- and micro-sized businesses. Individual businesses can apply for real estate registration with their business license, and the real estate registration fees will be directly exempted.


IV. Getting credit and improving financing environment 

11. Implement the government-bank-insurance joint credit guarantee that provides a collective credit scheme for sci-tech SMEs, as well as specialized and innovative enterprises. Government departments select small- and medium-sized sci-tech enterprises, as well as specialized and innovative enterprises, and establish a risk sharing mechanism for bank loans, in which bonding companies will provide guarantees and banks issue long-term loans. City and county level finance authorities offer subsidies to guarantee companies for qualified business operations based on local financial capacity.

12. In tourism, modern service, and the high-tech industry, as well as other key industries, the industrial chain guarantee loan model will be explored through which large and strong companies will provide guarantee to small and weak ones, improving the level of financial services and easing the financial difficulties of enterprises.
V. Taxpaying convenience

13. Promote the integrated tax service portal, on which over 90 percent of tax related issues can be handled, as well as explore and promote the application of blockchain technology in taxation management.

VI. Trading Across Borders 

14. Improve the building of Hainan's "single window" for international trade, strengthen the building and application of a port-logistics collaboration system, as well as enhance the level of cross-border trade facilitation.

15. Promote the "two-step declaration" of imported goods, as well as further reduce the time for declaration preparation and customs clearance.

16. Improve the paperless system of Yangpu Port's container terminal and promote its application to improve the efficiency of customs clearance.

17. Apply the dynamic "one negative and three positives" checklist management of zero tariff imported goods.

VII. Protecting investors 

18. Further facilitate in and out capital transfer management under the QFLP scheme, and improve the mechanism for protecting investor rights and interests.

19. Pilot the establishment of a green channel for rapid patent examination and authorization in the Haikou National High-Tech Industrial Development Zone and Sanya Yazhou Bay Science and Technology City, as well as create a demonstration zone for intellectual property protection for the Hainan FTP.

20. Explore the establishment of compensation insurance for overseas intellectual property infringement loss. Insurance institutions are encouraged to carry out overseas intellectual property infringement liability insurance, patent enforcement insurance, and patent infringement loss insurance.


VIII. Enforcing contracts 

21. Integrate resources on the "Hainan mobile micro-court" platform, accelerate the practice of online filing, promote cross-regional remote handling and cross-level joint handling of lawsuits, as well as create a one-stop mobile litigation service system.
IX. Filing for bankruptcy 

22. Implement on a trial basis the system of business deregistration through making announcements and commitments, streamline the procedure of bankruptcy liquidation, as well as facilitate the withdrawal of market entities.

23. Set up the bankruptcy administrator fee protection fund, foster the professional and market-oriented development of bankruptcy administrator professional teams, as well as promote the withdrawal of "zombie enterprises" from the market.  

24. Promote the legislation on bankruptcy for the Hainan FTP, standardize business bankruptcy procedures, and explore the establishment of an individual bankruptcy system.

X. Talent movement 

25. Improve the international talent evaluation mechanism, evaluate human resource categories by applying payment as the main indicator, and establish a market-oriented talent mechanism.

26. Adopt the negative list management on the work permits of foreigners working in the Hainan FTP, expand the scope of permanent residence applied by foreign high-end industrial talents, and open up more visa-free entry channels.

27. Professionals with Hong Kong, Macao, and Taiwan qualifications in the financial, architectural, planning, patent agency, and other service sectors are allowed to practice in Hainan without taking the mainland practice examination. 

XI. Building a service-oriented government

28. Explore the establishment of a "free trade port construction experience officer" system and strengthen the application of "positive/negative rating" results of government service to encourage the government to improve its service capability and efficiency through assessments from market entities in Hainan.

29. Accelerate the application of an "all-in-one code" in the field of government service, and enable the accessibility to all government-service-related affairs through the code, which shall be adopted for administrative examination and approval, public service, and comprehensive supervision.

30. Promote the reform of cross-regional jurisdiction of administrative cases. Reform the jurisdiction mechanism of administrative cases, enhance the judicial credibility of administrative trials, as well as resolutely stop and correct the violations of interests of private enterprises by administrative bodies and law enforcement personnel at all levels.

31. Launch intensive special rectification campaigns in construction and engineering project bidding, eliminate the unreasonable restrictions and barriers set for enterprises with different types of ownership, especially private enterprises and foreign-invested enterprises, as well as standardize the practice of bidding agents and evaluation experts in accordance with the law.


Copyright © 2019 Sanya Municipal Government. All rights reserved. 

Presented by China Daily.