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On June 1, 2020, the Central Committee of the Communist Party of China and the State Council issued the "Overall Plan for the Construction of Hainan Free Trade Port". According to the plan, the implementation scope of Hainan Free Trade Port is the whole island of Hainan. By 2025, a policy and institutional system focusing on the convenience of trade freedom and investment freedom will be preliminarily established. By 2035, it will become a new highland of China's open economy, and by the middle of this century, it will be fully developed into a high-level free trade port with strong international influence.

Following the central government's deployment, Hainan strives to become a new benchmark for comprehensive deepening of reform and opening up in the new era of China. This "new benchmark" is seen by many in the country as another Shenzhen or Pudong. However, in reality, the policy setting of the Hainan Free Trade Port is the highest level of openness on a global scale and is also a unique and unprecedented new highland of reform and opening up with Chinese characteristics.

Firstly, one of the most frequently mentioned phrases in the news about the Hainan Free Trade Port is "creating a first-class business environment". This is the phased goal for the construction of the Hainan Free Trade Port from 2020 to 2025. Around this goal, Hainan will accelerate the reform of mechanism and system in urban-rural integrated development, talent, fiscal and financial matters, income distribution, and state-owned enterprises. It plans to set up international trading venues for energy, shipping, bulk commodities, property rights, equity, and carbon emission rights, and actively develop next-generation information technology industries and the digital economy, promoting deep integration of the internet, IoT, big data, satellite navigation, artificial intelligence, and other technologies with the real economy.

On the morning of June 13, the first key project signing event of the Hainan Free Trade Port was held in Haikou. A total of 35 projects were signed on site, including the cooperation project between the Shenzhen Stock Exchange and the Hainan Provincial Government, the Sanya International Aviation Project, etc. Participating enterprises included Electricité de France, Shenzhen Stock Exchange, China Eastern Airlines Corporation Limited, and Meituan Dianping Group. The projects included 8 foreign-funded and 27 domestic-funded projects.

It is no exaggeration to say that all enterprises are eagerly entering Hainan, this new investment hotspot. Before the entry of more manufacturing and service industries, a large number of civil infrastructure projects such as airports, roads, tunnels, ports, and power facilities have already started, with a vast amount of construction machinery products entering Hainan, paving the way to wealth for the people.

It can be foreseen that following the infrastructure projects, a large number of construction projects in real estate, factories, tourism, municipal services, and others will come. The whole of Hainan will become a bustling construction site, a showcase for the competition of construction machinery products, and a stage for those in the construction machinery industry to pursue their dreams.