Wenchang International Aerospace City is a key park of the Hainan Free Trade Port, consisting of a high-tech zone, a launch zone and a tourism zone. [Photo/en.hnftp.gov.cn]

Wenchang International Aerospace City is a key park of the Hainan Free Trade Port, consisting of a high-tech zone, a launch zone and a tourism zone. The high-tech zone, covering 18,000 mu (1,200 hectares), serves as the pioneering development and demonstration area.

The aerospace city is positioned as an industrial base for key technological innovations in aerospace, an industrial base for space technology innovation and strategic advancement, a demonstration base for integrated innovation industries, an international cooperation hub for aerospace technology and an aerospace data center.

Positioning

The aerospace city follows a "four bases, one center" layout that spans the entire aerospace industry chain. The "four bases" focus on electronic information, high-end equipment, new materials, satellite and rocket R&D, space science and exploration, international cooperation and financial services. The "one center" refers to the Aerospace Supercomputing Center, which drives the development and application of aerospace data services, unlocking the full potential of aerospace information.

Industry Focus

1. Strategic Space Science and Technology Innovation
Key investment is directed toward the R&D of asteroid probes and small-scale space exploration satellites.

2. Global Cooperation in Aerospace-related Industries
Key international partnerships are fostered through events like the International Astronautical Congress, China commercial aerospace import and export trade fair and world commercial aerospace conference.

3. Aerospace Big Data Center
The collection, storage, processing, trading, application and analysis of aerospace big data is a key focus for industrial investment.

4. Demonstration Industry for Integrated Innovation
Industrial investment is encouraged in intelligent aerospace electronics and information, renewable energy sectors such as solar and hydrogen and the research and development of robotics and unmanned aerial vehicles.

5. Major Aerospace Tech Innovation Sectors
The key investment areas focus on overall design of small commercial satellites, satellite assembly and full-system testing, and R&D of 80,000-metric-ton commercial remote sensing, telecommunication and navigation satellites.

Preferential Policies

1. Incentives for New Enterprises with Substantive Operations
Qualified aerospace companies, research institutes, high-tech enterprises, headquarters, sci-tech innovation platforms and other organizations with substantive operations in the park are eligible for comprehensive incentives following a thorough review.

2. Capital incentives
Independent accounting enterprises that are registered, producing, and conducting substantive operations within aerospace city are eligible for rewards equal to 10 percent of the contract value for sales of complete rockets and satellites, with a maximum reward of 5 million yuan ($697,000).

3. Free Office Space
Newly established or relocated enterprises with substantive operations in aerospace city are offered free office space for up to three consecutive years.

4. Fund Equity Incentives
The Hainan Aerospace Industry Incentive Fund has been established to provide equity investment support of up to 100 million yuan to qualified enterprises engaged in aerospace MRO, rocket development and other encouraged high-tech industries.

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