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CDRF visits Hainan for Field Study

From May 21 to 25, 2023, a team of China Development Research Foundation went to Hainan to carry out field study. The team was led by Yu Jiantuo, Deputy Secretary General of CDRF, Liu Zhiguang, member of the party group and Chief Accountant of Guangzhou Municipal Bureau of Finance, Yu Qiao, Professor of School of Public Administration of Tsinghua University, Li Zhen, Director of Department of Finance of Central University of Finance and Economics, and relevant staff from the Performance Management Department of Guangzhou Municipal Bureau of Finance and the Research Department 3 and Research Department 1 of CDRF joined the team.

In the morning of May 22, the team held a seminar with the Reform Office of Hainan Provincial Party Committee (Free Trade Port Working Committee) and Hainan Provincial Department of Finance about the progress of the construction of Hainan Free Trade Port (Hainan FTP), the important and innovative initiatives of financial support for the construction of the FTP, and the coordination of financial policies with other policies. Shi Yaodong, deputy director of the Reform Office of Hainan Provincial Committee, described the history of Hainan FTP, current stage of their work and difficulties they face, as well as their endeavors on fiscal and taxation policy paths conducive for the reform and development of the FTP.

In the afternoon of May 22nd, the team had an in-depth exchange with the relevant personnel of Haikou Finance Bureau of Hainan Province on the latest progress of budget performance management and the main initiatives of financial support for the construction of Hainan FTP; Haikou Finance Bureau demonstrated the main functions of the "Budget Management Integration System" info platform for the team.

On the morning of May 23, the team visited Shandong Energy (Hainan) Group, Jiangdong New Area Exhibition Center and Dongzhaigang Environmental Protection Zone Administration, to learn more about smart trading in energy, development of Jiangdong New Area and the achievements of coastal wetland management and biodiversity conservation.

In the morning of May 24, the team held discussions with Sanya Institute of Economic Research around the progress of Hainan FTP, the implementation of industrial policies, problems and challenges, and policy research to support the development of Hainan FTP and other aspects. Zhang Chenghui, president of Sanya Institute of Economic Research, also briefed the team on the strategic positioning, achievements and challenges faced by Sanya Institute of Economic Research.

In the afternoon of May 24, the team went to Sanya Yazhouwan Science and Technology City to carry out field research and visit. The team talked with the relevant staffs of Sanya Yazhouwan Science and Technology City Administration, focusing on how the subsidies, taxes and other supportive policies implemented by Yazhouwan boost investment of enterprises in the park, the cultivation and development of leading industries, and related problems. Subsequently, the team visited Yazhouwan Industry Promotion Center, BGI Research and Sanya Institute of Oceanography of China Ocean University.