Settlements made in Chinese language foreign money in commerce between Hainan province and the Affiliation of Southeast Asian Nations (ASEAN) international locations soared sevenfold within the first half of 2021 beneath a pilot program for international commerce in yuan. ...

China’s southern Hainan province issued an up to date regulation on cross-border commerce in providers, successfully changing into the primary area to permit overseas corporations to hold out industrial exercise below the identical guidelines as Chinese language corporations. ...

A nationwide offshore commerce pilot space will likely be established on the Yangpu financial improvement zone (EDZ) in South China's Hainan province. Learn Extra at mysouth.su