封关首日货值破5亿，专家称新加坡只有港口没有制造业，海南岛会慢慢取代其位置

Core Insights - Hainan's full island closure operation officially started on December 18, 2025, with a zero-tariff policy covering over 6,600 types of goods, marking a significant step in China's higher-level opening-up strategy [1][3] - The total value of imported goods on the first day of the closure exceeded 500 million yuan, indicating strong initial demand [1] - The closure is expected to challenge Singapore's traditional shipping hub status, as Southeast Asian goods can now be transferred to China via Hainan, reducing transit time by 5 days and costs by 30% [1][10] Trade Policy and Economic Impact - The "first line" refers to the customs points between Hainan and foreign countries, where zero-tariff and relaxed trade management measures are implemented, while the "second line" manages the flow of goods and taxes between Hainan and mainland China to prevent smuggling [3] - The zero-tariff policy is expected to cover nearly all production equipment and raw materials, potentially saving import equipment companies approximately 1 billion yuan in taxes [3] - Hainan's processing and value-added capabilities are set to attract more businesses, as companies like Jingbo (Hainan) New Materials Co., Ltd. have already benefited from significant tax reductions [10] Competitive Landscape - Singapore has historically been a trade hub due to its layered business model, which includes logistics, processing, corporate operations, and financial services [5][6] - In 2024, Singapore's port handled 41.12 million TEUs, while Hainan's Yangpu Port only surpassed 2 million TEUs, highlighting the current disparity in trade volume [7] - Hainan's closure allows for direct shipping from Indonesia to Hainan, bypassing Singapore, which could alter the regional trade dynamics [19] Bilateral Relations and Future Prospects - The closure has led to an increase in visa-free entry for 86 countries, enhancing tourism and trade opportunities [15] - A partnership between Hainan's Meilan International Airport and Singapore's Changi Airport aims to establish a joint commercial management platform, further integrating the two economies [17] - Hainan's unique policies and broader closure scope are expected to create exceptional synergies, positioning it as a pioneer in China's blue economy development [19]