Core Viewpoint - The free trade port concept has shown a significant increase, with a rise of 3.41% as of July 24, ranking sixth among concept sectors [1] Group 1: Market Performance - The free trade port concept sector saw 35 stocks increase, with notable performers including HNA Holding, Haima Automobile, and Dongfang Jiasheng reaching their daily limit up [1] - The top gainers in the free trade port sector included China Duty Free Group with a net inflow of 8.16 billion yuan, followed by HNA Holding, Hainan Ruize, and Haima Automobile with net inflows of 2.76 billion yuan, 2.15 billion yuan, and 1.63 billion yuan respectively [2][3] Group 2: Capital Flow - The free trade port concept sector experienced a net capital inflow of 20.31 billion yuan, with 24 stocks receiving net inflows, and 9 stocks exceeding 1 billion yuan in net inflow [2] - The stocks with the highest net inflow ratios included Dongfang Jiasheng at 35.59%, Haima Automobile at 30.47%, and Hainan Mining at 24.65% [3][4]

Group 1 - The Hainan Free Trade Zone concept has seen a significant increase of 9.11%, leading the sector in terms of growth, with 28 stocks rising, including Kangzhi Pharmaceutical and Shennong Agriculture reaching a 20% limit up [1] - Major stocks in the Hainan Free Trade Zone concept include HNA Holding, Hainan Airport, and Haide Shares, which also hit the limit up, while other notable gainers include Intercontinental Oil and Jinpan Technology, with increases of 8.44%, 8.34%, and 7.71% respectively [1] - The net inflow of funds into the Hainan Free Trade Zone concept reached 3.4 billion yuan, with 26 stocks receiving net inflows, and 18 stocks seeing inflows exceeding 100 million yuan, led by Shennong Agriculture with a net inflow of 292 million yuan [1] Group 2 - In terms of fund inflow ratios, leading stocks include Caesar Travel, Haima Automobile, and Haide Shares, with net inflow rates of 43.37%, 30.47%, and 25.27% respectively [2] - The top stocks by net inflow in the Hainan Free Trade Zone concept include Shennong Agriculture, Caesar Travel, HNA Holding, and Hainan Ruize, with respective net inflows of 291.73 million yuan, 282.05 million yuan, 275.81 million yuan, and 215.19 million yuan [2][3] - Other notable stocks with significant net inflows include Hainan Huatie and Hainan Development, with net inflows of 204.83 million yuan and 203.84 million yuan respectively [3]

Group 1 - The A-share market showed an overall upward trend on July 24, with the Hainan sector experiencing significant growth, becoming one of the market's highlights [1][2] - The Shanghai Composite Index rose by 0.48% to 3599.44 points, while the Shenzhen Component Index increased by 0.65% and the ChiNext Index by 0.72% [2] - Hainan sector surged over 9% by midday, with individual stocks like Kangzhi Pharmaceutical hitting a 20% limit up, and several others also reaching their daily limit [4][5] Group 2 - Major industry sectors such as retail, steel, and real estate saw gains exceeding 2%, while sectors like telecommunications and banking underperformed [4] - The Hainan sector's total market capitalization reached 349.73 billion, with a trading volume of 22.206 billion [5] - Specific stocks in the Hainan sector, including Hainan Airport and Hainan Highway, also recorded significant increases, with many stocks showing around 10% gains [6] Group 3 - The State Council announced that the Hainan Free Trade Port will officially start its closure operation on December 18, 2025, with new policies aimed at enhancing trade and investment [7][8] - The zero-tariff policy will expand significantly, increasing the proportion of zero-tariff imported goods from 21% to 74%, covering 6600 items [8] - The new policies will facilitate easier trade management and more efficient regulatory measures, promoting a smoother implementation of the open policies [7][8]

Core Viewpoint - The article highlights a significant surge in the Hainan Free Trade Port concept stocks, driven by the upcoming implementation of the "closure" policy on December 18, which will enhance the zero-tariff import ratio and expand the range of goods [9][10]. Market Performance - On July 24, the A-share market saw all three major indices rise, with the Shanghai Composite Index closing at 3599.44 points, up 0.48% [1][2]. - The trading volume in the Shanghai and Shenzhen markets exceeded 1.12 trillion yuan, with 3954 stocks rising and 1286 stocks declining [2]. Sector Highlights - Hainan Free Trade Port concept stocks experienced a robust rally, with related indices rising nearly 9% [3][4]. - Rare metals, lithium mining, and other sectors such as basic finance, forestry, and tourism also showed strong performance, while the banking sector faced a decline [3][4]. Specific Stock Movements - Notable stocks in the Hainan Free Trade Port sector included: - Shennong Seed Industry, which hit a 20% limit up, and other stocks like HNA Holding and Hainan Airport also saw significant gains [7][8]. - China Duty Free Group, a leading player in the duty-free market, reached a new high of 70.84 yuan per share, reflecting strong market interest [10]. Future Outlook - The upcoming closure policy is expected to increase the zero-tariff import ratio from 21% to 74%, significantly benefiting the tourism and retail sectors in Hainan [9]. - Analysts predict that the duty-free sales in Hainan will continue to grow, supported by the increasing attractiveness of the region and the expected rise in visitor numbers [9][10].

Group 1 - The A-share market showed an overall upward trend on July 24, with the Hainan sector experiencing significant growth, becoming one of the market's highlights [1][2] - The Hainan sector surged over 9% by midday, with multiple stocks hitting the daily limit, including Kangzhi Pharmaceutical, Hainan Airport, and Hainan Highway [4][6] - Major industry sectors such as retail, steel, and real estate saw gains exceeding 2%, while sectors like communication and banking underperformed [4] Group 2 - The China Electric Power Construction Company (China Power Construction) reached its daily limit, with trading volume exceeding 150 billion yuan, marking a near ten-year high [9] - The government announced that the Hainan Free Trade Port will officially start operations on December 18, 2025, with significant policy changes including an increase in zero-tariff goods from 21% to 74% [8] - The new policies will allow for a broader range of zero-tariff goods and more flexible trade management, enhancing the operational environment for businesses in Hainan [8]

Group 1 - The A-share market showed an overall upward trend on July 24, with the Hainan sector experiencing significant growth, becoming one of the market's highlights [1][4] - The Hainan sector surged over 9% by midday, with multiple stocks hitting the daily limit, including Kangzhi Pharmaceutical, Hainan Airport, and Hainan Airlines [6][8] - The Shanghai Composite Index rose by 0.48% to 3599.44 points, while the Shenzhen Component and ChiNext Index increased by 0.65% and 0.72%, respectively [4][5] Group 2 - The Yajiang hydropower concept sector experienced dramatic fluctuations, initially declining before stabilizing [12][13] - China Power Construction Corporation's stock hit the daily limit, with trading volume exceeding 150 billion yuan, marking a near ten-year high [14][16] - Other stocks in the sector, such as Zhonghua Rock and Tibet Tianlu, also reached their daily limits during the trading session [18] Group 3 - The State Council announced that the Hainan Free Trade Port will officially start its closure operation on December 18, 2025, with new policies aimed at enhancing trade and tax benefits [9][10] - The zero-tariff policy will expand significantly, increasing the proportion of zero-tariff imported goods from 21% to 74% [10][11] - The new policies will allow for more flexible trade management and efficient supervision of imported goods, facilitating smoother operations within the free trade port [11]

Market Overview - On July 24, stocks related to Hainan and duty-free concepts experienced significant gains, with multiple companies hitting the daily limit, including Caesar Travel, Haixia Co., China Duty Free Group, and others [1] - The Hainan Free Trade Port index rose by 8.81% [2] Event: Hainan's Customs Closure Launch - The Hainan Free Trade Port will officially start its customs closure on December 18, 2025, establishing the entire island as a special customs supervision area [3] - New policies will be implemented upon the closure, including an increase in the proportion of "zero tariff" goods from 21% to 74% [3] Institutional Analysis - The coverage of "zero tariff" goods will expand significantly from 1,900 to approximately 6,600 items, representing a 53 percentage point increase [4] - The beneficiaries of the "zero tariff" policy will now include various enterprises and non-profit organizations with actual import needs, broadening the scope of the policy [4] - Restrictions on the flow of imported "zero tariff" goods will be relaxed, allowing free movement among beneficiaries, which is expected to enhance the competitiveness of local industries [4] - The efficient management model and diverse consumer market in Hainan are anticipated to boost tourism, with the tourism industry expected to benefit from policy incentives [4] - The demand for professional tour guide services and one-stop solutions for international tourists is expected to rise, benefiting travel agencies involved in cross-border tourism [5] - The independent nature of the duty-free policy is likely to remain, with expectations of increased consumption post-closure, aiming for over 60 billion yuan in sales by 2027 [5]

Core Viewpoint - The announcement of the specific date for the closure of Hainan Free Trade Port on December 18, 2025, has led to a significant rise in local stocks, particularly in the tourism and retail sectors, indicating strong market optimism about the future economic benefits of the policy [1][2]. Group 1: Stock Performance - Hainan local stocks have seen substantial increases, with Kangzhi Pharmaceutical reaching a 20% limit up, and other companies like HNA Holding and Haixia Co. also experiencing significant gains [1][2]. - The stock performance of various companies includes: - Kangzhi Pharmaceutical: +20.00% - HNA Holding: +10.14% - Hainan Airport: +10.11% - Haide Co.: +10.08% - Hainan Expressway: +10.01% - Hainan Bus Group: +10.01% - Haixia Co.: +49.99% - Caesar Travel: +9.98% - Haima Automobile: +7.61% - Shennong Seed Industry: +7.68% [2]. Group 2: Policy Details - The closure policy includes four key measures: 1. Implementation of a more favorable "zero tariff" policy, increasing the proportion of zero-tariff goods from 21% to 74% for "first-line" imports, allowing tax-free circulation among eligible entities within the island [3][4]. 2. More relaxed trade management measures, opening up certain previously restricted imports [3]. 3. Enhanced convenience in transportation, with eight existing open ports designated as "first-line" ports and ten additional "second-line" ports for smoother import processes [3]. 4. A more efficient and precise regulatory model to ensure smooth implementation of the open policies [3]. Group 3: Industry Implications - The closure is expected to significantly benefit the tourism industry in Hainan, helping to establish it as an international tourism consumption center, with long-term advantages for related businesses such as scenic spots, hotels, and travel retailers [4]. - The continued implementation of duty-free policies will maintain the competitive edge of duty-free operators, while the increased attractiveness of Hainan is anticipated to boost the overall development of the tourism retail market [4]. - The efficient management model and diverse consumer market in Hainan are projected to enhance its tourism appeal, driving growth in inbound tourism [4].

Group 1 - The A-share airport and shipping sector continues to strengthen, with HNA Holding and Hainan Airport both hitting the daily limit up [1] - Shanghai Airport, China Eastern Airlines, and CITIC Offshore Helicopter also experienced gains [1]

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