The People's Daily reported “BioPlus will accelerate the project for the development of FTA at China's Hainan Free Trade Port (Hainan FTP)”
Reporter Goo Haebong Email：firstname.lastname@example.org
Publication Date February 2, 2021
Hainan Free Trade Port (Hainan FTP), the first free trade port in mainland China, is becoming a new mecca for foreign capital enterprises.
In 2020, a total of 1,005 overseas-funded enterprises were established in Hainan, surging 197.3 percent over the previous year. French energy giant EDF, TESLA, and U.S General Electric(GE) were among the participating enterprises.
Officials said that the free trade port reflects the world’s highest level of openness, and compared to other free trade ports in the world, Hainan FTP is getting the spotlight worldwide by targeting the international market, while taking the domestic market as the mainstay.
In addition, it is rapidly planning a series of measures for openness policies, Hainan Free Trade Port will further attract foreign fund.
In particular, “BioPlus”, a Korean company, plans to accelerate the project in Haikou Jiangdong New Area since it established its company in Hainan Free Trade Port 2 months ago.
The company specializes in manufacturing HA fillers, anti-adhesion barriers, medical devices for arthritis, and personalized skin care products and aims to export to 70 countries.