Curated News
By: NewsRamp Editorial Staff
June 18, 2026
Hainan and Hong Kong Forge Stronger Tourism and Trade Ties
TLDR
- Hong Kong businesses can leverage Hainan's zero-tariff policies and signed agreements to gain a competitive edge in the free trade port.
- Hainan's free trade port uses zero tariffs, low tax rates, and tariff exemptions to attract investment and boost trade with Hong Kong.
- The promotion events foster cultural and tourism cooperation between Hainan and Hong Kong, creating a shared living circle and mutual prosperity.
- Four cooperation agreements signed in Hong Kong cover high-end commerce, cultural tourism, and regional industrial coordination.
Impact - Why it Matters
This news matters because it signals deepening economic integration between Hainan Free Trade Port and Hong Kong, offering new opportunities for businesses and investors. The expansion of trade, investment, and tourism links can boost regional growth, create jobs, and enhance cultural exchange. For travelers, easier access and more flights mean a seamless 'Hainan-Hong Kong Living Circle,' making both destinations more attractive for leisure and business.
Summary
The 2026 Hainan Cultural and Tourism Promotion Events, themed "Sunny Hainan · Heart's Desire," took place in Hong Kong on June 16, drawing leaders from cultural and tourism authorities, industry associations, and key enterprises from both regions. Liu Xiaoming, Governor of Hainan Province, and Cheuk Wing-hing, Deputy Chief Secretary for Administration of Hong Kong, delivered speeches emphasizing collaboration. Chen Tiejun, Director of the Department of Tourism, Culture, Radio, Television and Sports of Hainan, unveiled the "Top Ten Calling Cards of Hainan Tourism," which garnered enthusiastic responses from Hong Kong attendees. The event highlighted the complementarity of Hainan and Hong Kong's cultural and tourism resources, with immense potential for future cooperation.
Since the Hainan Free Trade Port implemented special customs operations, its advantages—such as zero tariffs, low tax rates, a simplified tax system, and tariff exemption for value-added processing—have become increasingly attractive. These policies have opened broader opportunities for Hong Kong investors and entrepreneurs. 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 deepening their presence in Hainan.
Hainan and Hong Kong share a long history of cooperation, bolstered by favorable policies. Since signing the Hainan-Hong Kong Memorandum of Cooperation in March 2025, bilateral trade and investment have surged. 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 and travel times under two hours, the "Hainan-Hong Kong Living Circle" is rapidly emerging. For more details, visit Media OutReach Newswire.
Source Statement
This curated news summary relied on content disributed by Media Outreach. Read the original source here, Hainan and Hong Kong Forge Stronger Tourism and Trade Ties
