HNHD(SZ:002163) Zhong Guo Jin Rong Xin Xi Wang·2025-09-06 08:52Core Insights - The "Chengmai Model" is emerging as a significant player in China's cross-border e-commerce and live streaming industry, leveraging the advantages of Hainan's free trade port policies to attract businesses and foster innovation [1][5][8]. Group 1: Event Overview - The "Chengjie World · Towards the Future" International Cross-Border Live Streaming Industry Conference was held in Chengmai, Hainan, marking the first provincial-level event focused on cross-border live streaming since the announcement of Hainan's free trade port policies [1]. - The conference aims to connect global elite forces and promote innovation in China's cross-border live streaming industry, emphasizing the importance of cross-border expansion in national strategy and Hainan's development path [1][4]. Group 2: Strategic Developments - Chengmai has identified cross-border expansion as its fourth new growth engine, alongside high-tech industries, digital economy, and oil services, aiming for high-quality development [5]. - The region is focusing on five key scenarios for cross-border expansion: gaming, cross-border e-commerce, digital culture, manufacturing, and new energy vehicles, establishing a framework for growth [9][10]. Group 3: Collaborative Efforts - Chengmai is positioning itself as a hub for Chinese enterprises to expand internationally, fostering partnerships with regions like Zhejiang, which is known for its active cross-border e-commerce initiatives [6][7]. - The establishment of the Zhejiang-Qiong Cooperation Industrial Park in Chengmai exemplifies the collaborative efforts to enhance modern industrial development through cross-province partnerships [7]. Group 4: Economic Impact - Chengmai's digital economy research institute estimates that nearly 2,000 gaming companies are based in the region, with projected annual revenues of approximately 40 billion yuan [9]. - The integration of live streaming with e-commerce is creating new business models and job opportunities, with 3,597 entities involved in live streaming activities in Chengmai [10]. Group 5: Future Outlook - Chengmai aims to enhance its manufacturing capabilities by implementing tax exemptions for processing and value-added sales, positioning itself as a key player in Hainan's manufacturing landscape [10]. - The region is also focusing on building a robust digital culture ecosystem to support high-quality development, attracting various cultural and creative enterprises [10][13].