Hainan and Hong Kong Deepen Ties at Cultural and Tourism Promotion Events

On June 16, 2026, the Hainan Cultural and Tourism Promotion Events, themed 'Sunny Hainan · Heart's Desire,' took place in Hong Kong, bringing together leaders from cultural and tourism authorities, industry associations, and key enterprises from both regions. Governor Liu Xiaoming of Hainan Province and Deputy Chief Secretary Cheuk Wing-hing of Hong Kong delivered speeches, highlighting the complementary nature of their cultural and tourism resources. Director Chen Tiejun unveiled the 'Top Ten Calling Cards of Hainan Tourism,' which received enthusiastic feedback from Hong Kong attendees, who agreed on the immense potential for cooperation between the two regions.

The Hainan Free Trade Port's special customs operations have enhanced its appeal with policies like 'zero tariffs, low tax rates, a simplified tax system' and 'tariff exemption for value-added processing,' offering broader opportunities for Hong Kong investors. At the 'Invest in the Free Trade Port, Share New Opportunities' Symposium, four cooperation agreements were signed, covering high-end commerce, cultural and tourism integration, and regional industrial coordination. Hong Kong business representatives expressed strong interest in expanding their presence in Hainan, building on a long history of collaboration.

Since the signing of the Hainan-Hong Kong Memorandum of Cooperation in March 2025, bilateral cooperation has accelerated. In 2025, goods trade reached RMB 9.35 billion, more than double the 2020 figure, and 793 new Hong Kong-funded enterprises were established in Hainan, a 21.5% year-on-year increase. Hainan has also issued offshore RMB bonds in Hong Kong for four consecutive years, totaling RMB 18 billion. With an average of four daily direct flights between the two regions, the fastest under two hours, the 'Hainan-Hong Kong Living Circle' is rapidly emerging.