SDIC and Hainan Provincial People’s Government signed an agreement on deepening strategic cooperation at Hainan International Convention Center on June 19, 2021.

According to the agreement, the two sides will further intensify their cooperation in the sectors of communications, port, energy, emerging industries of strategic importance, medical services and healthcare, ecological and environment protection, inspection and testing, smart city and cyberspace security, seed, financial service, engineering and consulting services, human resource services, trade flow, and headquarter economy, etc. Such cooperation is expected to play an active role in helping Hainan develop itself, in a high quality way, into an important opening port in the country’s new drive of opening to the outside world.

Attending the signing ceremony were senior officials from Hainan Province and SDIC, including Shen Xiaoming, secretary of CPC Hainan Provincial Committee, Hainan Governor Feng Fei, and SDIC Vice President Du Wenmin. Governor Feng and Vice President Du also delivered speeches respectively on behalf of the province and SDIC, highlighting the importance of the cooperation.

Governor Feng said that Hainan will make unremitting efforts to attract more investment from the outside, optimize its environment for project construction, provide better services, and create a stable, fair, transparent and predicable business environment for all. Such efforts are expected to help newly-signed projects to start construction as early as possible and the under-construction projects to begin operation as soon as possible. Feng said that Hainan welcomes more businesses to invest in the island province and enjoy the benefits brought about by Hainan Free Trade Port, the largest of its kind in the country.

Vice President Du expressed his gratitude to Hainan for its long-term and strong support to SDIC in its investment and development in the province. He pointed out that as one of the central enterprises that invested in the province at early stages, SDIC pays special importance to its business layout in Hainan. The signing of the agreement on deepening strategic cooperation marks that pragmatic cooperation of the two sides has reached to a new level. In the next step, SDIC will continue to give play to its leading and demonstration role of a key central enterprise and make fresh contributions to Hainan’s efforts of building the province into an important opening port in the country’s new opening drive.

During his stay in Hainan, Vice President Du also inspected SDIC’s subsidiaries in the province, including SDIC Yangpu Port Co Ltd, SDIC Oil & Gas Terminal Yangpu Co Ltd, SDIC Oil Reserve Yangpu Co Ltd, Haikou Jiangdong New Area, and SDIC ecological environment building.