The container terminal of Xiuying Port in Haikou, Hainan province. (PHOTO: VCG)

By CHEN Chunyou

Five years have gone by since the central government announced its support for building Hainan province into a free trade port (FTP) in 2018. In that time, the central ministries and enterprises have actively introduced policies and mobilized resources to support Hainan's development.

The latest supportive move was made by the Ministry of Science and Technology (MOST), to approve establishment of the National Tech Transfer Center in Hainan (the center) in 2022.

On March 28, 2023, the unveiling ceremony of the center was held in Haikou, the capital city of Hainan, making it the 12th state-level tech transfer center in China. It will be operated by the China General Technology (Group) Holding Co., Ltd., a centrally administered state-owned enterprise.

Relying on Hainan's innovation advantages and its high-tech industrial resources in medicine, green technology, and intelligent manufacturing, the center aims to build an international technology transfer service platform, while accelerating the construction of Hainan FTP in this process.

The center is expected to become a model of the pilot system for cross-border free flow of technology and a hub for technology trade service industry clusters by 2025.