Ge Long Hui·2025-10-29 07:11Core Viewpoint - The A-share market is experiencing a "map speculation" trend, with Hainan emerging as a significant opportunity due to the upcoming full closure of the Hainan Free Trade Port on December 18, which is expected to drive investment and consumption growth in the region [1][3]. Group 1: Market Performance - Hainan's stock market saw significant gains, with 康芝药业 (Kangzhi Pharmaceutical) rising over 15%, and several other stocks like 海南发展 (Hainan Development) and 海汽集团 (Hainan Airlines Group) hitting the daily limit [1][2]. - The overall performance of the Hainan Free Trade sector indicates strong investor interest and confidence in the region's economic prospects [1]. Group 2: Policy Benefits - The "14th Five-Year Plan" emphasizes high-standard construction of the Hainan Free Trade Port, marking a shift from a "pilot zone" to a "high-standard construction" phase, positioning Hainan as a key player in China's future open economy [4]. - Multiple policy benefits are set to be released by 2025, including the launch of the full closure of the Free Trade Port and upgrades to the duty-free shopping policy, creating comprehensive development opportunities [3][4]. Group 3: Duty-Free Policy Adjustments - The new duty-free shopping policy, effective from November 1, expands the range of duty-free goods to 47 categories, enhancing consumer options and potentially increasing sales [5][6]. - Adjustments include raising the minimum age for duty-free shopping from 16 to 18 years and allowing island residents to purchase duty-free items without limits within a calendar year [6][7]. Group 4: Economic Impact of Full Closure - The full closure of the Hainan Free Trade Port on December 18 is expected to enhance the region's openness and convenience, stimulating long-term investment and boosting the local consumption market [7][8]. - The transition to a negative list management for "zero tariff" goods will significantly increase the number of eligible items from approximately 1,900 to 6,637, enhancing the attractiveness of Hainan for businesses [7][8].