Hainan will allocate funds to offer rewards for financial enterprises that base their headquarters on the island.

The reward scheme is aimed at encouraging companies around the world to boost the development of Hainan’s financial industry.

According to new policy, enterprises with registered capital of more than 1 billion yuan will be rewarded with 10 million yuan and those with capital registered between 500 million yuan and 1 billion yuan will be given 6 million yuan.

Besides, enterprises will receive rewards of 1 million yuan and 500,000 yuan respectively with a registered capital of 100-500 million yuan and 50-100 million yuan

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