HAIKOU, September 12. /TASS/. The Hainan authorities announced an international contest for designing the free trade port’s logo, reported Xinhua. 

Professional design bureaus from all over the world are welcome to participate. The logo’s designs, which should become a visual and cultural symbol of Hainan’s free trade port, will be submitted till October 31. 

The logo must show Hainan’s regional features, as well as innovation, openness, freedom, novelty and the hardworking nature of the Hainan people. 

The winner of the contest, the agency writes, will get 50, 000 yuan (about $7, 300). A 10, 000 yuan reward will be given to five more designers. 

The authorities presented a plan for the free trade port’s development on June, 1. In accordance with the plan, the Hainan province will be turned into a special customs zone. The country’s government intends in general to wrap up the creation of the free trade port on the island by 2025: by this time the island should acquire a system to ensure free trade and investments. 

By 2035, the free trade port and its model will become more solid. By this time, Hainan intends to ensure the freedom of trade and investments, trans-border movement of capital, people and shipping.