Yangpu Economic Development Zone

en.hainan.gov.cn

Updated: 2025-06-30

Yangpu Economic Development Zone is located in the northwest of South China's Hainan province. [Photo/en.hnftp.gov.cn]

Yangpu Economic Development Zone was established in 1992 and is China's first national-level economic and technological development zone funded by foreign investors that enjoys bonded zone policies.

It covers a planned area of 114.78 square kilometers and has a population of about 100,000. The zone focuses on attracting industries such as petrochemical new materials, port and shipping logistics, new energy, biopharmaceuticals, digital economy, commercial services, healthy food processing and high-end tourism consumer goods.

In 2024, the GDP of the Danzhou Yangpu region reached 101.27 billion yuan ($14.22 billion), ranking second in the province in terms of economic output, with a year-on-year increase of 4.1 percent.

The total value-added industrial output of its enterprises above designated size — enterprises with annual revenue of at least 20 million yuan ($2.78 million) — amounted to 151.34 billion yuan, the largest in the province, with a growth rate of 18.4 percent, demonstrating the increasingly strong support from the real economy.

Its total imports and exports of goods reached 129.36 billion yuan, ranking first in the province, with an increase rate of 20 percent. Bulk commodity trade totaled 1.17 trillion yuan, the provincial front runner, with a growth rate of 8 percent.

Other major indicators, such as trade in services and actual utilization of foreign investment, achieved growth rates of over 20 percent, contributing significantly to the province's overall growth.

Preferential Policies

Island-wide
The entire island implements a zero-tariff policy based on one negative and three positive lists. Both individual and corporate income tax rates are lowered to 15 percent, and new overseas direct investment income is exempt from tax.

First in Yangpu
Yangpu adopts a model of "free flow through the first line and efficient control at the second line", allows businesses to operate within the special customs supervision zone, and grants import duty exemptions for goods entering the mainland market if they are either produced locally or processed with over 30 percent added value based on imported materials. (In this context, the "first line" refers to the border between overseas and the Hainan FTP, where goods can flow in more freely. The "second line" refers to the flow of goods from the FTP into the Chinese mainland, where they are subject to customs supervision. The 30 percent value-added rule is a key mechanism for encouraging local processing and manufacturing.)

Exclusive in Yangpu
The zone enjoys unique port-related incentives, including the designation of the "Yangpu Port of China" as a port of registry, export tax rebates for domestically built vessels registered in Yangpu Port and engaged in international transport, bonded fuel supply for Chinese vessels using Yangpu as a transit port for mixed domestic and foreign trade cargo, and departure port tax rebates that allow enterprises to claim export tax refunds at the time of shipment, significantly shortening the refund cycle and improving cash flow—offering strong policy support for the shipping and maritime industries.

Infrastructure
The zone offers a full range of lifestyle and public services, with well-developed supporting infrastructure including banks, schools, hospitals, hotels, public wharves, standard factory buildings, inspection platforms, and warehouses — creating a comprehensive environment for both living and business operations.

Sources: english.iedb.org.cn and yangpu.hainan.gov.cn