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NYSE Content Advisory: Pre-Market update + McGraw Hill, Accelerant IPO on NYSE

NEW YORK, July 24, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.

 

NYSE Content Advisory: Pre-Market update + McGraw Hill, Accelerant IPO on NYSE

Ashley Mastronardi delivers the pre-market update on July 24th

  • Stocks are mixed Thursday morning following the S&P 500’s 12th record close of the year on Wednesday. The index received a boost Tuesday night when President Trump announced a trade deal with Japan.
  • The NYSE was in attendance at the All In’s AI Summit and before President Trump gave his closing keynote, spoke to leaders on a cross-section of topics including AI, energy, robotics, infrastructure, and legislation
  • Education solutions firm McGraw Hill, which raised nearly $415 million in its IPO will debut on the NYSE today. Specialty risk company Accelerant, which raised over $723 million, will debut as well.
  • The New York Stock Exchange announced this morning that NYSE Texas has listed its first exchange traded funds, with Strive Asset Management dual-listing 13 ETFs

Opening Bell
McGraw Hill celebrates its IPO on the New York Stock Exchange

Closing Bell
The Autism Science Foundation and Wall Street Rides FAR celebrate the 11th season of Rides FAR and its support for innovative autism research.

Click here to download the NYSE TV App

 

Temu Joins International Trademark Association to Strengthen Global IP Protection

BOSTON, July 24, 2025 /PRNewswire/ — Temu, the global online marketplace, has joined the International Trademark Association (INTA) as a corporate member and serves on its Anti-Counterfeiting Committee.

INTA is a global association that brings together more than 6,700 organizations, representing over 37,000 trademark professionals and brand owners across 181 countries. By joining INTA, Temu deepens its commitment to building a trusted online marketplace and advancing global IP protection through broader, cross-industry collaboration.

“INTA welcomes TEMU’s willingness to engage in anticounterfeiting initiatives, including in the Association’s annual Anticounterfeiting Workshop and Online Takedown Certificate Program which serve to share best practices and connect stakeholders,” said Alastair Gray, Director of Anti-Counterfeiting, INTA. “Constructive collaboration with these efforts can contribute to the protection of intellectual property rights for INTA members and support the removal of counterfeit products from the platform which ultimately protects consumers.”   

At the 2025 INTA Annual Meeting held in San Diego in May, Temu participated in the Anti-Counterfeiting Committee Roundtable, serving as a moderator to facilitate discussions among brand owners, online platforms, and government officials on emerging technologies, best practices for collaboration, and strategies to strengthen global anti-counterfeiting efforts.

“Joining INTA and serving on its Anti-Counterfeiting Committee reflects Temu’s ongoing commitment to ensuring a trustworthy online shopping experience,” said a Temu spokesperson. “We value collaboration with industry peers and stakeholders and are dedicated to advancing collective efforts in intellectual property protection.”

Temu also participates in INTA-led online workshops, including the Online Platform Notice and Takedown Certification Program, which outlines the latest procedures and best practices used by e-commerce platforms and social media companies. These workshops aim to enhance the quality and accuracy of rights-holder notices, promoting more effective takedown processes and content moderation.

Since launching in 2022, Temu has made significant investments in IP enforcement. Its measures include comprehensive seller vetting and compliance training, 24/7 algorithmic monitoring with manual review, a dedicated IP protection portal and brand registry to streamline takedown submissions, and an internal enforcement team that handles claims with speed and accuracy.

About Temu
Temu is a global e-commerce platform connecting consumers with millions of manufacturers, brands, and business partners. Operating in more than 90 markets worldwide, Temu is committed to providing affordable, high-quality products that enable customers to live better lives.

SquareX Appoints Enterprise Sales Leader Steve Mullett as Vice President of Sales & GTM to Accelerate Market Growth and Expansion

PALO ALTO, Calif., July 24, 2025 /PRNewswire/ — SquareX, the leading browser security company, is proud to announce the appointment of Steve Mullett as Vice President (VP) of Sales, effective immediately. Steve, an enterprise sales veteran with over 17 years of experience, brings an exceptional track record of driving revenue growth and exceeding targets at high-growth SaaS and cybersecurity organizations.

Steve Mullett, VP of Sales, SquareX
Steve Mullett, VP of Sales, SquareX

Steve’s career is distinguished by his consistent top performance and strategic leadership at some of the industry’s most successful technology companies such as Wiz, Okta, EMC and more. Most recently he served as Strategic Account Executive at Wiz for the past four years — the fastest-growing SaaS company to reach $10 billion valuation — his five-year tenure at Okta as Regional Sales Manager for Large Enterprises spanning the company’s IPO period gave him his first opportunity to experience high velocity growth from pre-IPO to over $1 billion in yearly revenue.  Steve has consistently demonstrated his ability to build strategic relationships with Fortune 500 clients and has closed numerous multi-million dollar campaigns.

In his newly appointed role as VP of Sales, Steve will lead SquareX’s enterprise sales strategy & GTM operations, focusing on accelerating customer acquisition and market expansion. His expertise in the cybersecurity domain, plus his experience working in high growth sales organizations, positions him perfectly to drive SquareX’s continued growth in the rapidly expanding and ever changing browser security landscape.

“I am excited to join SquareX at such an exciting time in the company’s growth journey,” said Steve Mullett. “The browser has become the new attack surface for enterprises, and SquareX’s innovative approach to browser security with the ability to secure any browser on any device along with providing holistic browser DLP and a next generation approach to secure access addresses a critical gap in the market that every security leader is struggling with. Having worked with enterprise security teams throughout my career, it is the perfect time for me to apply my experience at SquareX and help companies of all sizes navigate the challenges they face with evolving browser-native threats to transform their security posture.”

“Steve’s outstanding track record of exceeding targets and building strategic relationships with enterprise clients makes him an ideal leader to accelerate SquareX’s enterprise growth. His experience at high-growth companies, combined with his deep understanding of enterprise security challenges will be invaluable as we continue our expansion plans and help organizations secure their browser environments against bad actors,” said Vivek Ramachandran, Founder and CEO of SquareX.

About SquareX

SquareX‘s browser extension transforms any browser on any device into an enterprise-grade secure browser. SquareX’s industry-first Browser Detection and Response (BDR) solution empowers organizations to proactively detect, mitigate, and threat-hunt client-side web attacks including malicious browser extensions, advanced spearphishing, browser-native ransomware, GenAI data loss prevention, and more.

Unlike legacy security approaches and cumbersome enterprise browsers, SquareX seamlessly integrates with users’ existing consumer browsers, ensuring enhanced security without compromising user experience or productivity. By delivering unparalleled visibility and control directly within the browser, SquareX enables security leaders to reduce their attack surface, gain actionable intelligence, and strengthen their enterprise cybersecurity posture against the newest threat vector – the browser.

Find out more at www.sqrx.com

Angel Yeast Showcases Innovative Yeast Protein at 2025 IFT FIRST in Chicago

CHICAGO, July 24, 2025 /PRNewswire/ — The 2025 IFT FIRST (Food Improved by Research, Science, and Technology), one of the world’s largest food science and innovation expos, recently took place from July 13 to 16 in Chicago. At the expo, Angel Yeast (SHA:600298) showcased its comprehensive, innovative lineup of yeast protein, yeast extract and baking solutions, nutritional health ingredients and brewing technologies under the themes of “Yeast Extract-Enjoy a Flavorful Life” and “Yeast Protein-Redefining Future Proteins.”

Angel Yeast Showcases Innovative Yeast Protein at 2025 IFT FIRST in Chicago
Angel Yeast Showcases Innovative Yeast Protein at 2025 IFT FIRST in Chicago

Angel Yeast has especially promoted the innovative yeast protein products which boast natural, sustainable and high nutrition values, the exhibition showcased sample products applying the ingredients and technology that are meeting the consumers’ growing demand for naturally flavorful, healthy and sustainable food options.

Globally, the market is seeing a significant surge in consumer demand for efficient, high-quality protein supplements and weight management solutions alongside unprecedented attention to clean labels. According to a 2025 Innova survey, more than a quarter of North American consumers are interested in high-protein diet, and there has been a 668% growth in the new food and beverage launches tracked with a GLP-1 friendly claim (US & Canada, CAGR 2022-2024).

“The IFT exhibition has shown us the tremendous potential of yeast protein. It not only addresses the pain points of traditional protein but also opens new pathways for sustainable and healthy food,” said Hang Tao, General Manager of Angel Yeast North America Division. “Angel Yeast is committed to providing the industry with high-quality protein solutions of the future with our innovative yeast protein products that are meeting market demands while offering a stable and reliable supply.”

Angel Yeast’s Angeopro™ is a naturally sourced, high-quality alternative protein that aligns with modern health trends, the premium plant-based protein is especially suited in weight management and sports nutrition applications. Recent studies have found that yeast protein significantly protects against muscle loss[1]. Yeast protein products such as the Angeopro™ are produced through natural and sustainable manufacturing processes with advantages including outstanding bioavailability, a balanced and complete amino acid profile, and a nutritional value comparable to high-quality animal protein.

In the meantime, Angeopro™ has a clean, impurity-free taste without the beany aftertaste that’s common in plant proteins or the dairy notes in whey protein, which makes it a superior flavor foundation for different recipes. Its low allergy trait and non-dairy nature also allow more consumers to enjoy it worry-free.

In terms of production and supply, Angeopro™ utilizes an environmentally sustainable fermentation process to ensure a stable supply chain with significant cost advantages.

The Yeast Extract Savory by Angel Yeast is a 100% natural, non-GMO ingredient that enhances umami and savory flavors while enabling up to 20% sodium reduction without compromising taste. It also balances sweetness to reduce salt and sugar at the same time, making it ideal for plant-based foods, snacks, sauces, soups, and meat alternatives.

Angel Yeast is also offering a broader scope of product portfolio including the natural flavor yeast Feravor’-Buttery developed for baking, baking yeast, nutritional yeast tablets, vitamin K2, PQQ and innovative brewing solution, the non-alcoholic beer yeast NAO5.

Angel Yeast is always committed to the mission of ‘Developing yeast biotechnology, innovate for a healthy life’,” said Hang Tao. “We would also like to invite food manufacturers, industry partners and professionals to join us and bring consumers with healthier, more sustainable food solutions, and to create a brighter future for the food industry together.”

Learn more about Angeopro™ at https://en.angelyeast.com/products/human-health/angeopro-a-sustainably-sourced-natural-yeast-protein.html.

 

EcoFlow Slims Down the Power Station with Pioneering New TRAIL Series – Purpose-Built for Life Outdoors

TRAIL Series features three ultra-compact DC-only portable power stations, including the 200, 300 and Plus 300

SEATTLE, July 24, 2025 /PRNewswire/ — EcoFlow, a leading provider of eco-friendly power solutions, today introduced a new chapter in outdoor power with TRAIL Series, a lines of ultra-compact, lightweight DC-only power stations built for outdoor enthusiasts. It sets a new standard for portable power in the wild by focusing on efficiency, durability and ease of use.

As a grab-and-go energy solution, TRAIL Series matches the spontaneity and simplicity of modern outdoor lifestyles, to power you outdoor adventures under the sun or the stars. TRAIL Series eliminates the bulk of an AC inverter to deliver a solution 60% smaller than traditional portable power stations. Weighing in as little as 4 lbs., it can easily fit into a backpack and join you for the journey.

Though small, TRAIL Series doesn’t compromise on performance. It offers just the right amount of energy needed to power many outdoor scenarios, delivering up to 300W of pure, high-efficiency DC output across up to five USB ports and one 12V car outlet.

With the proliferation of modern USB-powered devices, which run on DC power, TRAIL Series is compatible with 90% of camping essentials — seamlessly running phones, lights, tablets and even Starlink Mini. Many outdoor enthusiasts today don’t need to power AC devices with traditional wall outlet plugs, allowing development of a smaller, lighter and more energy-efficient solution. TRAIL Series powers up to two days of tent camping and recharges to 80 percent in about an hour.

EcoFlow launched the TRAIL Series — its first DC-only portable power line and most compact solution to date, engineered for life outdoors, from campers, hikers, nature photographers, outdoor tailgaters, and weekend explorers alike.
EcoFlow launched the TRAIL Series — its first DC-only portable power line and most compact solution to date, engineered for life outdoors, from campers, hikers, nature photographers, outdoor tailgaters, and weekend explorers alike.

A Lineup for Every Scenario
TRAIL Series is offered in three models — TRAIL 200, TRAIL 300 and TRAIL Plus 300. Each offers a unique balance of size, weight and power.

  • TRAIL 200: Weighing just 4.03 lbs (1.83kg), it is the most compact option. With a 192Wh capacity and 220W output across four USB ports, it suits ultra-portable, light-duty scenarios. Ideal for hikers, solo explorers and outdoor photographers, it delivers just enough power for essential gear in the wild — without adding unnecessary bulk to your pack.
  • TRAIL 300: The flagship model adds more power and ports while maintaining a slim 5.69 lbs (2.58kg) form factor. Featuring 288Wh capacity and 300W output across five ports, it supports charging up to five devices simultaneously and offers flexible recharging options via car or solar. Striking a balance between portability and performance, it’s ideal for campers, tailgaters and group outings that demand more charging capacity.
  • TRAIL Plus 300: Bringing a lifestyle-forward twist, it offers the same core specs as TRAIL 300 but adds a built-in versatile camping light and a detachable 140W charging cable handle — combining utility and style in one compact design. It is also compatible with the EcoFlow App, supporting remote monitoring and control. Its sleek design will appeal to everyone, including the most demanding glampers.

A New Answer to Outdoor Needs
EcoFlow has long been the trusted choice for van-lifers, RVers and off-gridders who rely on high-capacity AC power solutions. But as outdoor lifestyles evolve, a new group is emerging — outdoor newcomers and short-term campers — who want power that’s lighter, simpler and easy to use.

“TRAIL series is our answer to a growing generation of consumers who want gear that’s as lightweight, functional and free-spirited as they are,” said Brian Essenmacher, head of North American business development at EcoFlow. “We designed the series to focus on DC power only – working smarter, not harder, so you can spend less time worrying about gear and more time enjoying the outdoors.”

Availability
The TRAIL 200 and 300 will be available for purchase on both Amazon and the EcoFlow website starting August 1, and TRAIL Plus 300 will be available later in October.

A limited-time launch promotion for TRAIL 200 and 300 will run from August 1 to September 25.

Pricing information can be found on the official on-sale date of each product.

About EcoFlow
EcoFlow is a leading provider of eco-friendly energy solutions, committed to powering a new world. Since its founding in 2017, EcoFlow has aimed to be the FIRST in power solutions — Flexible, Innovative, Reliable, Simple, and Thorough — for individuals and families, whether at home, outdoors or on the go. With a smart manufacturing center in China, and headquarters in the USA, Germany and Japan, EcoFlow has empowered over 5 million users in 140 markets worldwide. For more information, visit https://www.ecoflow.com/us.

 

Angel Yeast Showcases Innovative Yeast Protein at 2025 IFT FIRST in Chicago

CHICAGO, July 24, 2025 /PRNewswire/ — The 2025 IFT FIRST (Food Improved by Research, Science, and Technology), one of the world’s largest food science and innovation expos, recently took place from July 13 to 16 in Chicago. At the expo, Angel Yeast (SHA:600298) showcased its comprehensive, innovative lineup of yeast protein, yeast extract and baking solutions, nutritional health ingredients and brewing technologies under the themes of “Yeast Extract-Enjoy a Flavorful Life” and “Yeast Protein-Redefining Future Proteins.”

Angel Yeast Showcases Innovative Yeast Protein at 2025 IFT FIRST in Chicago
Angel Yeast Showcases Innovative Yeast Protein at 2025 IFT FIRST in Chicago

Angel Yeast has especially promoted the innovative yeast protein products which boast natural, sustainable and high nutrition values, the exhibition showcased sample products applying the ingredients and technology that are meeting the consumers’ growing demand for naturally flavorful, healthy and sustainable food options.

Globally, the market is seeing a significant surge in consumer demand for efficient, high-quality protein supplements and weight management solutions alongside unprecedented attention to clean labels. According to a 2025 Innova survey, more than a quarter of North American consumers are interested in high-protein diet, and there has been a 668% growth in the new food and beverage launches tracked with a GLP-1 friendly claim (US & Canada, CAGR 2022-2024).

“The IFT exhibition has shown us the tremendous potential of yeast protein. It not only addresses the pain points of traditional protein but also opens new pathways for sustainable and healthy food,” said Hang Tao, General Manager of Angel Yeast North America Division. “Angel Yeast is committed to providing the industry with high-quality protein solutions of the future with our innovative yeast protein products that are meeting market demands while offering a stable and reliable supply.”

Angel Yeast’s Angeopro™ is a naturally sourced, high-quality alternative protein that aligns with modern health trends, the premium plant-based protein is especially suited in weight management and sports nutrition applications. Recent studies have found that yeast protein significantly protects against muscle loss[1]. Yeast protein products such as the Angeopro™ are produced through natural and sustainable manufacturing processes with advantages including outstanding bioavailability, a balanced and complete amino acid profile, and a nutritional value comparable to high-quality animal protein.

In the meantime, Angeopro™ has a clean, impurity-free taste without the beany aftertaste that’s common in plant proteins or the dairy notes in whey protein, which makes it a superior flavor foundation for different recipes. Its low allergy trait and non-dairy nature also allow more consumers to enjoy it worry-free.

In terms of production and supply, Angeopro™ utilizes an environmentally sustainable fermentation process to ensure a stable supply chain with significant cost advantages.

The Yeast Extract Savory by Angel Yeast is a 100% natural, non-GMO ingredient that enhances umami and savory flavors while enabling up to 20% sodium reduction without compromising taste. It also balances sweetness to reduce salt and sugar at the same time, making it ideal for plant-based foods, snacks, sauces, soups, and meat alternatives.

Angel Yeast is also offering a broader scope of product portfolio including the natural flavor yeast Feravor’-Buttery developed for baking, baking yeast, nutritional yeast tablets, vitamin K2, PQQ and innovative brewing solution, the non-alcoholic beer yeast NAO5.

Angel Yeast is always committed to the mission of ‘Developing yeast biotechnology, innovate for a healthy life’,” said Hang Tao. “We would also like to invite food manufacturers, industry partners and professionals to join us and bring consumers with healthier, more sustainable food solutions, and to create a brighter future for the food industry together.”

Learn more about Angeopro™ at https://en.angelyeast.com/products/human-health/angeopro-a-sustainably-sourced-natural-yeast-protein.html.

 

EcoFlow Slims Down the Power Station with Pioneering New TRAIL Series – Purpose-Built for Life Outdoors

TRAIL Series features three ultra-compact DC-only portable power stations, including the 200, 300 and Plus 300

SEATTLE, July 24, 2025 /PRNewswire/ — EcoFlow, a leading provider of eco-friendly power solutions, today introduced a new chapter in outdoor power with TRAIL Series, a lines of ultra-compact, lightweight DC-only power stations built for outdoor enthusiasts. It sets a new standard for portable power in the wild by focusing on efficiency, durability and ease of use.

As a grab-and-go energy solution, TRAIL Series matches the spontaneity and simplicity of modern outdoor lifestyles, to power you outdoor adventures under the sun or the stars. TRAIL Series eliminates the bulk of an AC inverter to deliver a solution 60% smaller than traditional portable power stations. Weighing in as little as 4 lbs., it can easily fit into a backpack and join you for the journey.

Though small, TRAIL Series doesn’t compromise on performance. It offers just the right amount of energy needed to power many outdoor scenarios, delivering up to 300W of pure, high-efficiency DC output across up to five USB ports and one 12V car outlet.

With the proliferation of modern USB-powered devices, which run on DC power, TRAIL Series is compatible with 90% of camping essentials — seamlessly running phones, lights, tablets and even Starlink Mini. Many outdoor enthusiasts today don’t need to power AC devices with traditional wall outlet plugs, allowing development of a smaller, lighter and more energy-efficient solution. TRAIL Series powers up to two days of tent camping and recharges to 80 percent in about an hour.

EcoFlow launched the TRAIL Series — its first DC-only portable power line and most compact solution to date, engineered for life outdoors, from campers, hikers, nature photographers, outdoor tailgaters, and weekend explorers alike.
EcoFlow launched the TRAIL Series — its first DC-only portable power line and most compact solution to date, engineered for life outdoors, from campers, hikers, nature photographers, outdoor tailgaters, and weekend explorers alike.

A Lineup for Every Scenario
TRAIL Series is offered in three models — TRAIL 200, TRAIL 300 and TRAIL Plus 300. Each offers a unique balance of size, weight and power.

  • TRAIL 200: Weighing just 4.03 lbs (1.83kg), it is the most compact option. With a 192Wh capacity and 220W output across four USB ports, it suits ultra-portable, light-duty scenarios. Ideal for hikers, solo explorers and outdoor photographers, it delivers just enough power for essential gear in the wild — without adding unnecessary bulk to your pack.
  • TRAIL 300: The flagship model adds more power and ports while maintaining a slim 5.69 lbs (2.58kg) form factor. Featuring 288Wh capacity and 300W output across five ports, it supports charging up to five devices simultaneously and offers flexible recharging options via car or solar. Striking a balance between portability and performance, it’s ideal for campers, tailgaters and group outings that demand more charging capacity.
  • TRAIL Plus 300: Bringing a lifestyle-forward twist, it offers the same core specs as TRAIL 300 but adds a built-in versatile camping light and a detachable 140W charging cable handle — combining utility and style in one compact design. It is also compatible with the EcoFlow App, supporting remote monitoring and control. Its sleek design will appeal to everyone, including the most demanding glampers.

A New Answer to Outdoor Needs
EcoFlow has long been the trusted choice for van-lifers, RVers and off-gridders who rely on high-capacity AC power solutions. But as outdoor lifestyles evolve, a new group is emerging — outdoor newcomers and short-term campers — who want power that’s lighter, simpler and easy to use.

“TRAIL series is our answer to a growing generation of consumers who want gear that’s as lightweight, functional and free-spirited as they are,” said Brian Essenmacher, head of North American business development at EcoFlow. “We designed the series to focus on DC power only – working smarter, not harder, so you can spend less time worrying about gear and more time enjoying the outdoors.”

Availability
The TRAIL 200 and 300 will be available for purchase on both Amazon and the EcoFlow website starting August 1, and TRAIL Plus 300 will be available later in October.

A limited-time launch promotion for TRAIL 200 and 300 will run from August 1 to September 25.

Pricing information can be found on the official on-sale date of each product.

About EcoFlow
EcoFlow is a leading provider of eco-friendly energy solutions, committed to powering a new world. Since its founding in 2017, EcoFlow has aimed to be the FIRST in power solutions — Flexible, Innovative, Reliable, Simple, and Thorough — for individuals and families, whether at home, outdoors or on the go. With a smart manufacturing center in China, and headquarters in the USA, Germany and Japan, EcoFlow has empowered over 5 million users in 140 markets worldwide. For more information, visit https://www.ecoflow.com/us.

 

Duty-free product categories to increase thanks to Hainan FTP independent customs operations

HAIKOU, China, July 24, 2025 /PRNewswire/ — A report from Hainan International Media Center:

South China’s Hainan Free Trade Port (FTP) will officially begin island-wide independent customs operations on December 18, 2025, with more products to be eligible for import under the FTP’s zero-tariff policy.

A press conference on the development of the Hainan Free Trade Port was held by China’s State Council Information Office on July 23.
A press conference on the development of the Hainan Free Trade Port was held by China’s State Council Information Office on July 23.

The new customs closure system establishes an area under the independent supervision of customs authorities covering the entire island of Hainan.

Wang Changlin, deputy head of the National Development and Reform Commission, said at a recent press conference held by the State Council Information Office that after independent customs operations begin, the proportion of “zero tariff” goods in the Hainan FTP will increase from 21% to 74%. Wang added that imported products undergoing at least 30% value-added processing in Hainan will be eligible to enter the mainland tariff-free.

Vice Minister of Finance Liao Min noted that after island-wide independent customs operations begin, the number of duty-free eligible product categories in Hainan will increase from about 1,900 to around 6,600. Those eligible to take advantage of the policy will also increase to include companies, public institutions, and private non-corporate entities in the FTP with import needs, added Liao.

In April 2018, China announced the decision to develop Hainan into a pilot free trade zone. In June 2020, a master plan was unveiled to establish an initial FTP policy and institutional framework by 2025 and develop the province into a high level, globally influential FTP by 2050.

Aerial view of Haikou, capital of south China’s Hainan Province.
Aerial view of Haikou, capital of south China’s Hainan Province.

Over the past five years, the actual utilization of foreign capital in Hainan reached 102.5 billion yuan ($14.35 billion), with an average annual growth rate of 14.6%. A total of 8,098 new foreign-funded enterprises were established at an average annual growth rate of 43.7%. There have been 176 countries and regions that have invested in the FTP, and citizens of 85 countries are currently eligible for visa-free entry into Hainan.

Policy preparations for island-wide independent customs operations are already in place, said Feng Fei, secretary of the CPC Hainan Provincial Committee. The Ministries of Commerce and Finance, together with other departments, have issued a set of measures and lists to safeguard the ongoing implementation of the FTP’s independent customs operations.