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China’s Hainan free-trade hub reinvents itself as Hong Kong’s rival – and partner (www.scmp.com)

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As Hainan pushes ahead with its free-trade port, the tropical island is emerging as a potential rival to Hong Kong’s long-standing role as a regional shopping and low-tax hub – even as both sides signal interest in closer cooperation. Since launching a separate customs regime three months ago, Hainan – now a gateway to the Chinese market – has positioned itself as a “super partner” to Hong Kong across industry chains, finance, tourism and other sectors, according to officials. “Hong Kong serves...

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