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Hainan FTP construction showcases China's opening up efforts

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China's island province of Hainan has been focusing on institutional integration and innovation, as well as the comprehensive deepening of reform and opening up as work progresses on the free trade port in the province. Officials said work is progressing on building a port of registry in line with the international level. Specific measures have also been enacted to boost the business environment, as well as on finance and legislation. In the past two years, over 1 million new market entities have been added in Hainan, ranking first in China for 28 consecutive months in terms of growth rate. By the end of August this year, the number of existing market entities in the province had exceeded 2 million. 

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