封关！中国最大自贸港，摊牌了

Core Insights - The Hainan Free Trade Port officially commenced full island closure operations on December 18, implementing a system characterized by "one line open, two lines controlled, and free movement within the island" [1][18] - This marks another significant opportunity following Hainan's establishment as a province and economic zone in 1988, approval as an international tourism island in 2009, and designation as a free trade zone in 2018 [2][18] Group 1: Hainan's Unique Position - Hainan is the largest free trade port in China and globally, covering an area eight times that of Dubai, 31 times that of Hong Kong, and 46 times that of Singapore [2][19] - The geographical location of Hainan as China's second-largest island and the largest economic special zone provides it with unique advantages for reform and opening-up [4][20] - Hainan's role as a testing ground for reform is likened to that of Shenzhen in the early stages of China's opening-up [4][22] Group 2: Benefits of the Free Trade Port - The free trade port will create a special "inside customs, outside customs" regulatory area, allowing for the free flow of goods with zero tariffs between Hainan and international markets [6][23] - Hainan has opened visa-free entry to 86 countries and established multi-functional free trade accounts, enhancing its international connectivity [6][23] - The tax benefits include zero tariffs on most goods and a reduced corporate income tax rate of 15% for encouraged industries, making Hainan a tax haven [7][24] Group 3: Economic Growth Potential - Hainan's GDP is projected to reach 793.6 billion yuan in 2024, with the goal of surpassing one trillion yuan during the 14th Five-Year Plan period [26][30] - The province is shifting from a reliance on real estate to focus on tourism, modern services, high-tech industries, and tropical agriculture, with these sectors expected to account for over two-thirds of the economy by 2024 [30][31] - Hainan aims to develop a modern industrial system targeting emerging industries such as digital economy and green technology, while also enhancing its service trade capabilities [31][35] Group 4: Comparison with Hong Kong - Unlike Hong Kong, which serves as a global financial and trade hub, Hainan's strengths lie in its tourism and service sectors, with potential to develop as a shopping paradise and international tourism consumption center [34][36] - Hainan's unique status as the only free trade port with Chinese characteristics positions it as a key player in exploring new paths for high-level opening-up [36]