KPMG Hainan branch opens in Haikou for FTZ building
KPMG, a world renowned accounting firm, opened a Hainan branch in Haikou on May 28.
The company signed an investment cooperation agreement with the Hainan Provincial People's Government last year. Since then, it has strived to offer professional advice in Hainan's political and commercial circles to jointly explore development paths of the China (Hainan) Pilot Free Trade Zone and a free trade port with Chinese characteristics.
Its settlement will help enhance Haikou's international business environment and provide high quality efficient services for enterprises in Hainan.
Liao Zibin, chairman of KPMG China, said at the opening ceremony that Hainan is now offering a series of bonus policies to invite investment and for enterprises to settle there. KPMG is confident in the opportunities brought by Hainan's developing a free trade zone, a free trade port, a national ecological civilization pilot zone, and an international tourism consumption center.
A press conference about Hainan's smart power grid construction is held in Haikou on May 29. [Photo by Chen Wang/hinews.cn]
Hainan to invest 53b yuan in smart grid construction within three years
Hainan province plans to invest a total of 53 billion yuan ($7.67 billion) in the power sector from 2019 to 2021, according to a related press conference held in Haikou on May 29.
The amount of investment for power grids will be 20.9 billion yuan and that for power supply will be 32.1 billion yuan.
Its target is to build a safe, reliable, green, and efficient provincial smart grid by 2021 and develop Hainan into a comprehensive demonstration province in smart grids by 2025. The provincial electricity business environment is expected to reach global first class level by 2030.
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