What are your plans for Sansha’s development? Will there be any preferential policies to attract investment?

Due to limited space on the islands and reefs, it is not possible to build large headquarters or develop real estate. In the future, we plan to adopt a special model of business management in Sansha to build the city into a center for offshore companies. It means we will allow enterprises to register in Sansha but be run in other places.

This is a model that suits Sansha. So far there have been 157 companies registered in Sansha. They are mainly involved in tourism, underwater engineering, construction, fishery, telecommunications, Internet service and so on. There are also some cultural, film and television companies that have registered in an attempt to explore future development paths.

We are thinking about adding more financial service agencies and encouraging some financial institutions to provide loans or insurance services to our residents. China Pacific Insurance, the country’s third-largest insurer, has just opened a branch on the island. We hope that local residents can also enjoy stateof-the-art financial services.

At the same time, the infrastructure still needs to be improved, especially with respect to transportation. Marine transportation of goods is not easy. We hope China Post, the state-owned postal service provider, can continue their support to Sansha and provide more convenient services to the city.

In future, we welcome companies involved in businesses such as tourism, environmental protection, fish farming, oil and gas, and telecommunications to develop Sansha. We will introduce preferential policies in terms of taxation and recruitment to attract investment.