海南自贸港2025年12月封关运作，零关税商品税目将从1900个扩至6600个

Core Insights - Hainan Free Trade Port is set to officially launch its full island closure operation on December 18, 2025, coinciding with a significant historical moment in China's reform and opening-up [1] - The "zero tariff" policy will undergo fundamental changes, expanding the list of zero-tariff goods from approximately 1,900 to about 6,600 items, increasing the proportion of zero-tariff goods to 74% of all tariff items, a rise of nearly 53 percentage points [1][2] Group 1 - The closure operation will implement a negative list management model, replacing the existing positive list for imported goods [1] - The policy framework will exhibit four enhanced characteristics: more favorable zero-tariff policies, relaxed trade management measures, more convenient passage measures, and more efficient regulatory models [1][2] - The "one line" and "two lines" policy will facilitate free and convenient entry and exit between Hainan and foreign countries, while implementing precise management with the mainland [2] Group 2 - The processing and value-added tax exemption policy will be optimized, with relaxed eligibility criteria for benefiting enterprises and an expanded range of imported materials [2] - Preparations for the closure operation are fully ready, including the completion of policy documents and hardware facilities, with enhanced capabilities for management [2] - The management system for prohibited and restricted items will be innovatively implemented, allowing for the highest level of openness in the bonded repair sector nationwide [2]