Russian businessmen and the administrative center of Hainan held the first investment seminar

Representatives of the Russian business community and the administrative center of the Hainan Free Trade Port held the first online videoconference with a presentation of the mutual potential in the investment cooperation. This was reported on Thursday by the Hainan Daily newspaper.

According to the newspaper, about 70 representatives from 40 companies and organizations of the Russian Federation took part in the event. The seminar was held in the "Haikou - Moscow" format, where the prospects of holding the 1st China International Consumer Expo, to be held in May in Hainan, were discussed.

During the conference, the city of Haikou presented its capabilities, familiarizing Russian businessmen with the advantages of bilateral cooperation, taking into account the local resource base, preferences, level of infrastructure development, industry structure, business environment and production factors.

According to the newspaper, Russian businessmen have expressed interest in strengthening contacts with Haikou.

In November, the administrative center of Hainan created an official channel to promote investment cooperation with the Russian Federation and countries where the Russian language is actively used in everyday communication. The Haikou Investment Cooperation Promotion Office has entered into agreements online with the Russian Solidarity Bank, the Russian-Asian Union of Industrialists and Entrepreneurs, as well as with China Huaming International Investment. In accordance with the agreements reached, the Russian bank and the RAUIE will work out issues related to the creation of their representative offices. They will help companies from the Russian Federation to develop the investment potential of the Hainan Free Trade Port.

According to statistics, from January to November, the Haikou authorities registered about 530 companies with foreign capital that invested in the Hainan economy. Thus, the number of new market participants in the city for 11 months increased by 158% compared to the same period last year.