President Xi Jinping has stressed the need to adopt high standards for building the Hainan Free Trade Port (FTP).

Xi made the remarks when listening to a work report in Sanya on Thursday on the building of the Hainan FTP, according to Xinhua News Agency.

Building the Hainan FTP is a major policy made by the Central Committee of the Communist Party of China to comprehensively deepen reform and opening up in the new era, Xi said.

The Hainan FTP will officially launch island-wide special customs operations on December 18, which the president said is a landmark move of China to unwaveringly expand high-standard opening up and promote the development of an open world economy.

He called for efforts to steadily expand institutional opening up, further advance trade and investment liberalisation and facilitation, and better facilitate the cross-border flow of production factors.

Hainan should play a leading role in advancing high-standard opening up through strengthening coordinated development with the neighbouring Greater Bay Area, deepening inter-regional cooperation with the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the Yangtze Economic Belt, and deeply integrating into the Belt and Road cooperation, Xi added.