The shipping centres in Hong Kong, Singapore and Kaohsiung are the biggest competitors of Hainan in the South China Sea.
Goods imported to China via Hainan are subject to a zero-tariff policy, provided the goods comply with a 30 percent value-added requirement, which is intended to draw high-tech industries to the island.
The dedicated IP court is established after the ones in Beijing, Shanghai, and Guangzhou. China’s IP courts have specialized jurisdiction over civil and administrative cases involving patents, trade secrets, software, hardware, agricultural technology; civil, administrative, and criminal jurisdiction over IP cases; and appellate jurisdiction over cases previously tried in Hainan courts. These courts have significantly broader jurisdiction than regional IP tribunals, such as those in Tianjin and Shenzhen, which do not share the “three-in-one” jurisdiction of the larger IP courts.
As Hainan’s economy has primarily been agricultural and tourism-based, there are no major disputes for the new court to adjudicate since the National People’s Congress’s measure going into effect on January 1, 2021.
Johnny Chan