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Lin nianxiu, deputy director of the national development and Reform Commission, said Monday that Hainan's free trade port and Hong Kong are positioned differently, complementing each other more than competing, and will not impact Hong Kong. The next step will be to strengthen the joint development with Guangdong, Hong Kong and Macao.
He said at the press conference on the general plan for the construction of Hainan free trade port held by the State Council that to build a free trade port in Hainan, we should not only learn from the advanced experience of the internationally famous free trade port, connect with the international high standard economic and trade rules, and explore the opening system with international competitiveness. At the same time, we should give full play to the advantages of Hainan, which is rich in natural resources, unique in geographical location and backed by super large-scale domestic market and hinterland economy.
He further pointed out that Hainan should focus on the freedom and convenience of trade and investment, focus on the development of tourism, modern service industry and high-tech industry, accelerate the cultivation of new advantages of cooperation and competition with Hainan characteristics, and inject new vitality into the development of global free trade ports.
"In this sense, Hainan free trade port is different from Hong Kong in terms of its positioning and key industries. It should be said that complementarity is greater than competition and will not impact Hong Kong." Lin nianxiu said that in the next step in the construction of Hainan Free Trade Zone, we will further strengthen the joint development with Guangdong, Hong Kong and Macao, carry out practical and effective cooperation, and ensure Hong Kong's long-term stability and prosperity.

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