05 June 2018
Hainan, China's southernmost province, has established an area to promote development of the China (Hainan) Pilot Free Trade Zone (FTZ). The new area - the Haikou Jiangdong New District of China (Hainan) Pilot Free Trade Zone - covers 298 square kilometers.
28 May 2018
A private equity company, Frontier Services Group (FSG), founded and chaired by Erik Prince is to take a 50% stake in the venture. It seems likely that a high proportion of the fish caught will be exported to China, as Chinese state investment vehicle CITIC is now the biggest investor in FSG, with a 28.4% stake.