Foreign Enterprises in Hainan｜ Siemens Energy Taps Free Trade Port Opportunities to Expand Asia-Pacific Operations

Following the launch of the special customs operations in the Hainan Free Trade Port, Siemens Energy (Hainan) Co., Ltd. has established itself as a leading high-end foreign manufacturer in the region, opening its first gas turbine assembly base in China, located in Yangpu.The company benefits from Hainan’s preferential policies, including a reduced corporate income tax rate of 15% and full exemptions from tariffs on imported production equipment and key components, which significantly lower production and operational costs. Hainan’s expanded market access for foreign investment and streamlined approval procedures have also facilitated the rapid establishment of the base.Thanks to its strategic location, providing easy access to both domestic and Southeast Asian markets, Siemens Energy is well-positioned to strengthen its Asia-Pacific industrial chain and pursue emerging opportunities in the clean energy sector.

Editor: Pegge Peng & Chen Xin (Internship)