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After Crippling Hong Kong, Beijing Wants to Turn Hainan Island Into a Free Trade Port
In June last year, while pushing its national security law in Hong Kong, China announced a master plan to build Hainan, the country’s southern island province, into a free trade port by 2025.
Local authorities released a progress report recently, claiming that the institutional framework of a free trade port system has been “basically established,” and Hainan will become another Hong Kong when the facilities become “more mature.”
Hainan Free Trade Port Must ‘Adhere to Socialism’
When announcing the master plan at a press briefing on June 8 of last year, Liu Cigui, the Party chief of Hainan, stressed that unlike many existing free trade ports in the world that are under a capitalist system, the Hainan port would be under “the system of socialism with Chinese characteristics.”
ChinaBeijingShanghaiHong-kongHainanUnited-kingdomShenzhenGuangdongChineseBritishLiu-ruishaoLiu-ciguiGlobal Intellectual Property Newsletter –29th Edition – IP Topics from around the Globe
16 March 2021
Welcome to the 29th edition of the Clifford Chance Global IP Newsletter.
While the impact of the COVID-19 pandemic may have swept away many agendas over the past year, we are looking ahead to a year of new plans and transitions in 2021. Its first quarter has already brought many changes and we are hoping to provide you with an interesting overview of some of the recent trends and developments in the world of intellectual property law.
As of 1 January 2021, the
Brexit transition period has finally come to an end and the UK is no longer bound by EU law. Our London team explains the
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