Caitong Securities(SH:601108) Zhong Guo Zheng Quan Bao·2025-11-18 22:26Core Insights - Hainan Free Trade Port is entering a critical phase with a one-month countdown to its full closure operation, as announced by the provincial governor [1] - The core support for the closure operation includes substantial breakthroughs in policy systems and infrastructure construction [2] - The closure operation is expected to attract global investors and significantly boost key industries in Hainan [3] Group 1: Policy and Infrastructure Readiness - The customs authority has confirmed that the necessary soft and hardware conditions for the closure operation are ready, with a focus on trade facilitation and efficient regulation [2] - Four customs closure support projects have been fully operational, and ten "second-line ports" have passed national acceptance [2] - A comprehensive customs regulatory system has been established, with multiple policies and operational guidelines released to support the closure operation [2] Group 2: Economic Impact and Industry Development - From January to September, Hainan saw a 12.16% year-on-year increase in newly established foreign enterprises, with actual foreign investment reaching 18.368 billion yuan, a 42.2% increase [3] - The closure operation is expected to enhance Hainan's development as an international tourism consumption center, improving infrastructure and attracting talent [3] - Key industries such as tourism, modern services, and high-tech sectors are anticipated to experience significant growth due to favorable policies and tax systems [3]