General

On September 17, the General Office of the Hainan Provincial People's Government issued a notice on printing and distributing the "Hainan Province Coordinated Epidemic Prevention and Control and Economic Recovery and Boosting Action Plan" and "Hainan Province's Special Measures to Stabilize the Economy and Help Enterprises and Relief Development (Version 2.0)", The construction of the Hainan Free Trade Port will be steadily promoted, and the advantages of the "zero tariff" policy will be strengthened, which will benefit international trade enterprises.

The notice pointed out that it will accelerate the adjustment and optimization of the catalogue of encouraged industries in Hainan Free Trade Port, further clarify the substantive operating standards of enterprises in encouraged industries, and support international trade market players to fully enjoy preferential policies for encouraged industries in accordance with regulations. Strengthen the advantages of the "zero tariff" policy. Actively promote the adjustment of the "zero tariff" policy list for means of transportation and yachts, expand the scope of policy benefit entities and the list of items, and optimize the policy application conditions. Research and formulate National VI environmental protection information disclosure and certification standards suitable for parallel imported vehicles, and smooth the procurement channels for imported vehicles in international trade.

The notice is clear and stable real estate development investment. Ensure that the 50,000 sets of affordable housing units planned to start construction this year will be fully launched by the end of September, and accelerate the allocation of completed affordable housing units. We will introduce comprehensive policies to strengthen urban renewal planning and land use security. For households with one set of housing, if they reapply for commercial personal housing loans to purchase ordinary commercial housing in order to improve their living conditions, the minimum down payment ratio will be reduced to not less than 40%. Explore the pilot program of "transfer with mortgage" registration for second-hand houses that have not been mortgaged by housing provident fund loans.

The notice proposes to further stimulate consumption and activate the international trade market. The first special marketing event of the Hainan Island Duty Free Shopping Festival was held, the promotion of home appliances was organized, and a new round of new energy vehicles to the countryside was launched. Continue the implementation of the new energy vehicle purchase tax exemption policy until the end of 2023; relax the purchase restriction policy to vigorously stimulate automobile consumption. From September to December 2022, the restrictions on the purchase of passenger cars will be relaxed in stages, the expired and unused indicators will be activated, and the number of incremental indicators for ordinary passenger cars will be increased in stages.

The notice proposes to issue 50 million yuan of tourist coupons to attract people. An additional 50 million yuan of tourism consumption coupons for tourists from outside the province will be arranged, focusing on supporting consumption scenarios such as hotel check-in and attraction tickets, and attracting people from outside the island to enter the island for tourism consumption as soon as possible. 100 million yuan of consumer coupons were issued to boost consumption on the island. The issuance of the existing 100 million yuan of consumer coupons will be completed by the end of October 2022, and the expiration date of the consumer coupons will be moderately delayed. Municipal and county governments can superimpose the issuance of consumer coupons on the basis of provincial consumer coupons.

The notice proposes to further increase financial support. New 1 billion yuan loan quota support for cultural and tourism enterprises. Relying on the provincial government financing guarantee institutions to develop the "Qiong Travel Guarantee Loan" business, the provincial finance invested 100 million yuan to set up a risk compensation pool, leveraging an additional 1 billion yuan in bank loan lines to support cultural and tourism enterprises and further stimulate consumption Activate the international trade market.