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In the News: Hainan Free Trade Port; Credit Suisse JV; and US-China Flights
June 08, 2020 | BY
Vincent ChowMajor plan for Hainan to become globally-recognized free trade port released; Swiss bank Credit Suisse takes majority control of securities JV; and U.S.-China animosity extends to aviation industry with bans and walk backs
Hainan to become China's first free trade port
The southern island province of Hainan will become China's first free trade port. On June 1, the Central Committee of the Communist Party of China and the State Council jointly published the "Hainan Free Trade Port Construction Master Plan" (海南自由贸易港建设总体方案), laying out plans to develop Hainan into a globally-recognized free trade port by the middle of this century.
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