Sinograin Launches New Subsidiary in Hainan

China Grain Reserves Group Ltd. Company (Sinograin) launched a new subsidiary, Sinograin HaiNan Limited Corporation, on Feb 26.

As the largest special economic zone in China, Hainan Province occupies a special position and plays an important role in the overall situation of China's reform and opening-up.

Launch of the Hainan subsidiary is expected to expand and deepen Sinograin's cooperation with local government and enterprises. It will play a role in supporting construction and development of the Hainan Free Trade Port and contribute to guaranteeing the country's food security and stabilizing Hainan's grain market.

Relying on the new subsidiary, Sinograin plans to develop both food reserves and logistics and connect the upstream and downstream of the grain industrial chain to promote the region's involvement in the global food industrial, supply and value chains and support local food security and high-quality development.

(Executive editor: Niu Yilin)