On the 26th, the People's Government of Hainan Province issued the "Hainan Province Major Project Management Measures" (referred to as the "Measures") to optimize the management system and mechanism of major projects, implement project list management, and increase fundraising efforts, in order to ensure the smooth progress of major projects. Major projects are the "ballast stone" for expanding domestic demand, promoting investment, stabilizing growth, and benefiting people's livelihoods, and are an important support for Hainan Free Trade Port to achieve high-quality development. According to the data released by the Development and Reform Commission of Hainan Province, the province will arrange 295 major formal projects in 2024, with a total investment of 774.4 billion yuan and an annual planned investment of 125.5 billion yuan; Arrange 112 provincial-level preparatory projects with a total investment of 333.4 billion yuan. The Measures require that major projects in Hainan Province should focus on the policies and advantages of free trade ports, as well as the advantages of temperature, depth, latitude, and green resource endowment, and be based on the four leading industries of tourism, modern service industry, high-tech industry, tropical characteristic efficient agriculture, public services for people's livelihoods, and "five networks" infrastructure. Advocate major project construction units to promote engineering general contracting and full process engineering consulting, and encourage the adoption of new technologies and processes such as intelligent construction, building information modeling (BIM), prefabricated construction, and green building. To ensure the construction of major projects, the Measures propose that Hainan will establish a hierarchical mechanism for promoting major projects. The Hainan Provincial Development and Reform Commission (Office of the Provincial Leading Group for Major Projects) will coordinate and promote major projects, and work with relevant departments to provide support in terms of funding, land, and forest use. Hainan Province will also implement project list management and green approval channels for major projects to improve approval efficiency. The Measures also propose to increase the fundraising efforts for major project construction funds. For major government investment projects, actively seek support from various types of funds such as central funds and special bonds based on the project investment and financing model; For major social investment projects, establish a normalized information docking mechanism between government departments, project units, and financial institutions through online promotion, holding government bank enterprise symposiums, and other means to ensure the financing needs of major project construction. In addition, relevant departments should actively serve major projects in Hainan Province that comply with the reward and subsidy policies, and give priority to corresponding reward and subsidy funds according to regulations. (New Society)