Beijing unveiled a package of policies to shape Hainan into a free trade hub. Photo: Xinhua
Hong Kong unlikely to lose edge as global hub despite China’s plan to turn Hainan into free trade port, business chiefs and industry experts say
- City’s status as a trading hub and shopping paradise will not be overtaken by province, at least in short term, says head of small-business chamber
- Special policies for Hainan include lower income tax rate and relaxed visa requirements for travellers
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Hong Kong economy
Beijing unveiled a package of policies to shape Hainan into a free trade hub. Photo: Xinhua