On October 9, the special press conference on "Taking Shape and Gaining Momentum in the Free Trade Port: Hainan Leads High-quality Development with High-level Opening Up" (Qingdao City) was held in Qingdao, Shandong Province. The conference pointed out that in 2023, Hainan officially started all preparations for the operation of customs closure. With the stance of a "major battle," it is fully implementing the "three lists" of tasks, projects, and stress tests. This year, the construction of software and hardware for customs closure will be fully completed. At the same time, all-round and full-process stress tests will be conducted on policy systems, customs closure facilities, system platforms, and management capabilities to ensure the goal of customs closure operation is achieved as scheduled by the end of 2025.

As the construction of the free trade port continues to advance, cable enterprises have embarked on a new path of attack. Grasping the pulse of this major national strategy of building the Hainan Free Trade Port, stepping on the right trend of industrial development, seizing the opportunity, actively and deeply integrating into the overall development of the free trade port, and continuously stimulating internal driving forces to help high-quality local economic development.

In May 2023, Jiangnan Group Co., Ltd. held a discussion and exchange with the Bureau of Commerce of Wanning City, Hainan Province on matters such as the investment attraction project of Wuxi Jiangnan Cable Co., Ltd. and the investment promotion policies of Wanning. At the symposium, the Municipal Bureau of Commerce gave a brief explanation of the project progress. The participants from both sides had in-depth exchanges on contents such as the preferential policies of the free trade port, the development situation of the industrial industry, the project schedule and time limits, and the project construction requirements.

Gai Wenqi, secretary of the Wanning Municipal Party Committee, said: "Wanning has excellent geographical location advantages and various investment preferential policies. Jiangnan Group can drive upstream and downstream enterprises and partners in the industrial chain to invest and start businesses in Wanning, share the dividends of building the Hainan Free Trade Port, and achieve win-win cooperation for both sides."

At present, the favorable policies of the free trade port are continuously released, the business environment is continuously optimized, and enterprises increase investment in scientific research, promoting the development trend of cable enterprises in Hainan Province, such as bursting innovation vitality and actively exploring the market.

At the beginning of this year, the Hainan Provincial Department of Science and Technology issued a notice. After procedures such as enterprise application, expert review, and publicity, it agreed to recognize 30 enterprises such as Hainan Yedao Wire and Cable Co., Ltd. as the first batch of "high-tech seed enterprises" in Hainan Province in 2023.

According to the "Implementation Plan for the ‘Elite Action‘ of High-tech Enterprises in Hainan Province," the Hainan Provincial Department of Science and Technology will give a series of cultivation and support measures to the enterprises in the "Elite Action" database, such as giving priority to assigning "science and technology commissioners" to enterprises, promoting the docking of institutions of higher learning and scientific research institutes with the enterprises in the database, and strengthening scientific and technological innovation services for enterprises. At the same time, the reward for the "Elite Action" of high-tech enterprises will give a subsidy of up to 3 million yuan to "seed enterprises" according to 15% of the actual R & D investment exceeding 3% of sales revenue.

In terms of tax policies, the Hainan Free Trade Port preferential policies such as "two 15% income tax" have greatly reduced the tax burden of enterprises, saving more funds for enterprises to expand business, conduct research and development and innovation, and develop. In addition to taxes, there are also many reward policies that allow enterprises to enjoy tangible dividends, such as reward policies for "little giant" enterprises and gazelle enterprises as well as the "first set" policy.

Although the high-performance copper processing material production base project of Hainan Meiya Cable Group Co., Ltd. has been completed, the construction process is still deeply engraved in Wang Lijun‘s memory. "In the early stage of the project, we reported to the park that the construction was hindered by pipelines and cables. The park immediately formed a service team to help solve the problem. Moreover, the approval of the planning permit and construction permit for the project is also very fast. The project progress is more than one month ahead of schedule." In Wang Lijun‘s view, at all levels, whether provincial, municipal, or park levels, all functional departments support enterprises and serve enterprises attentively.

Now, in the high-performance copper processing material production base built by Hainan Meiya Cable, two workshops have started trial production. After completion, it is expected to produce 100,000 tons/year of high-performance bright copper rods, precision ultra-thin copper foils, high-precision copper tubes and other products.

From wire and cable production to power construction and then to high-performance copper processing material production, such a layout is a decision made by Meiya Cable based on the industrial chain. "This has perfected the industrial chain of the wire and cable industry in Hainan." said Wang Lijun, assistant to the chairman of Meiya Cable.

In addition, behind the high-quality overseas expansion of enterprises, it is inseparable from the continuous improvement of the business environment and the accelerated release of policy effects. Since this year, relevant departments in Haikou, Hainan have successively introduced supporting policies and assistance measures to serve the "last mile" of enterprises going overseas.

To help enterprises in the park achieve a breakthrough in going overseas, recently, the first phase of the 2024 enterprise overseas expansion special service salon - "Empowering Enterprises and Sailing Overseas" activity held by Haikou National High-tech Zone was held in Hainan Global Trade Window. The activity provided direction guidance for enterprises in the park to explore overseas markets.

"This activity is very down-to-earth. It has built a platform for interaction and exchange for park enterprises and has also solved urgent problems for overseas-oriented enterprises including us." said Sun Jianxi, chairman of Hainan Yedao Wire and Cable Co., Ltd. Since the end of last year, the company has successively organized senior executives to conduct key investigations on overseas markets.