中环观察 | 海南封关：琼港如何实现"错位发展、互利共赢"？

Core Viewpoint - The establishment of the Hainan Free Trade Port marks a significant step in China's commitment to high-level opening up and building an open world economy, with Hong Kong playing a crucial role in connecting Hainan to international markets and global capital [1][2]. Group 1: Economic Relations - Hong Kong is the largest source of foreign investment in Hainan, contributing over 70% of the total actual foreign investment [1]. - From January to July 2025, Hong Kong established 382 new enterprises in Hainan, a year-on-year increase of 7.3%, while actual use of Hong Kong capital reached 11.872 billion yuan, a 99.3% increase [1]. Group 2: Strategic Positioning - Hong Kong's mature international financial system contrasts with Hainan's focus on innovation and industrial upgrading, providing a foundation for cooperation through complementary advantages [2]. - Hainan is still in the early stages of development, with significant gaps in business environment, market maturity, and brand advantages compared to Hong Kong [2]. Group 3: Policy Differences - Hainan's policy encourages the development of processing and manufacturing industries, allowing goods with over 30% added value from imported materials to enter the mainland without import tariffs, differing fundamentally from Hong Kong's zero-tariff policy for global trade [3][4]. Group 4: Financial Cooperation - Hong Kong plays a dual role in Hainan's development as a core partner for attracting international capital and as a platform for Hainan enterprises to access global markets [4][6]. - Hainan's issuance of offshore RMB bonds in Hong Kong has attracted significant international interest, indicating strong market recognition [4]. Group 5: Digital Economy and Professional Services - The existing international submarine cable connection between Hainan and Hong Kong provides a technical foundation for cooperation in data trade and artificial intelligence [4]. - Progress has been made in mutual recognition of professional qualifications, facilitating Hong Kong professionals' practice in Hainan [5]. Group 6: Industry Collaboration - There are broad cooperation opportunities in biotechnology, environmental technology, intellectual property trading, and cultural tourism between Hainan and Hong Kong [5][6]. - Hong Kong's strong research capabilities can be leveraged in Hainan's medical and healthcare sectors, enhancing innovation and product development [7][8].