(Renshen winter of early e), November 28, 1992, the State Council approved the Yangpu Land Use Rights Grant Contract.

1992 11 28, the Yangpu Economic Development Zone of state-owned land use rights grant contract recently approved by the State Council. in the approval in
State Council agreed that the Hainan Kumagai Gumi (Hong Kong) Co., Ltd. signed the "Hainan Yangpu Economic Development Zone, the state-owned land use rights grant contract transfer is located in the northwest of Hainan Island Yangpu Peninsula, an area of ​​27.353 square kilometers of land, the establishment of the Yangpu Economic Development Zone. Transfer for a period of 70 years. The State Council called for the development of enterprises to pay close attention to the preparation of the development and construction of the overall planning, organization and implementation upon approval. Yangpu Economic Development Zone will be technologically advanced industries led to a corresponding development of the tertiary industry.
Yangpu Land Development Company has been the Hainan Economic Co-operation Office of approved and registered officially established. Kumagai Gumi (Hong Kong) Co., Ltd. Mr. Yu Yuanping served as chairman of the Sino-foreign joint ventures. (History. Com)