AN alliance for global services providers has been officially initiated in the Hainan Free Trade Port (FTP), aiming to share new opportunities for building the Hainan FTP with more professional services institutions. It was announced at the 2024 China International Fair for Trade in Services (Ciftis) on Thursday.
The first batch of 10 professional services institutions, including Bank of China, China Galaxy Securities, EY, King & Wood Mallesons and Dun & Bradstreet, have joined the alliance.
Previously, a one-stop service platform was officially launched in May in the Hainan FTP, bringing together global professional services institutions to better serve Chinese and overseas enterprises in the FTP, an official said on Thursday during a theme activity for Hainan at the Ciftis.
South China’s Hainan province is the province of honor at the 2024 Ciftis and showcases some of its latest technologies related to aerospace and information technology, as well as the new policies of the Hainan FTP.
About 50 services institutions have joined the platform, providing services covering third-party agent registration, human resources, financial intermediary operations, intellectual property work, marketing, education and training.
In recent years, China has made solid strides in making the Hainan FTP into a paradigm of reform and opening up at a high level in the new era.
Hainan’s trade in services has grown significantly in recent years, jumping from 18.5 billion yuan ($2.6 billion) in 2020 to 45.8 billion yuan in 2023, with an average annual growth rate of 35.28 percent, official data showed.
Be the first to comment