Hainan will be China's largest free trade zone enjoying increased opening-up policies and will be the country's first free trade port since the founding of the People's Republic of China in 1949.
China is taking another step in opening up the financial market with reform of the Qualified Domestic Institutional Investor (QDII) scheme.
President Xi Jinping underscored advancing reform and opening-up in the southern province of Hainan "from a higher perspective, with a broader vision and greater strength."
Chinese Vice Premier Han Zheng on Saturday called for unremitting efforts to smoothly advance institutional reform of the State Council.
China welcomes all types of enterprises, including foreign ones, to participate in mixed-ownership reform of state-owned enterprises (SOEs), the state assets regulator said on Saturday.