NDRC Revised the Catalogue of Encouraged Industries in Hainan Free Trade Port

On October 21, the National Development and Reform Commission (“NDRC”) announced on its website the Announcement on Publicly Soliciting Opinions on the Catalogue of Encouraged Industries in Hainan Free Trade Port (Revised Draft) (“Draft Catalog”), with the deadline for feedback on November 20, 2023.

The Draft Catalog consists of two parts, one is the encouraged industries in the existing national industrial catalog, and the other is the new encouraged industries in Hainan Free Trade Port, which is applicable to enterprises producing and operating in Hainan Free Trade Port, of which foreign-invested enterprises are in accordance with the “Encouragement of Foreign Investment Industry Catalog”. Among them, Hainan Free Trade Port new encouraged industries include pharmaceuticals, green building materials production, deep processing and manufacturing of agricultural and forestry products, cosmetics development, production, new energy special-purpose vehicle manufacturing, medical equipment development and production, medical emergency protection materials development and production, generic drug development and production, general or high-end general processors, memory and operating systems, databases, other basic hardware and software R&D and applications, and car Internet and automatic driving technology R&D, testing and application.