封关政策大幅提升资源配置效率 海南自贸区板块迎来爆发

Core Viewpoint - The Hainan Free Trade Port officially commenced its closure operation on December 18, 2023, after over five years of preparation, establishing a customs supervision special area across the island and implementing a framework of "one line open, two lines controlled, and free flow within the island" [1] Group 1: Market Impact - Following the closure, the Hainan Free Trade Zone sector experienced a surge, with stocks such as Hainan Development, Hainan Haikou Group, Hainan Ruize, and Hainan Hai Pharmaceutical achieving three consecutive trading limits, and the stock of Shen Nong Seed Industry on the ChiNext board rising over 42% [1] - From December 19 to 23, the stock prices of Hainan Development, Hainan Haikou Group, Hainan Hai Pharmaceutical, and Hainan Ruize increased by over 33%, while Shen Nong Seed Industry and Kangzhi Pharmaceutical saw gains of 42% and 38%, respectively [2] Group 2: Infrastructure Development - The closure policy has led to a reconstruction of both hard and soft infrastructure in Hainan, with upgrades to port facilities, enhanced transportation networks, and a restructured logistics and energy infrastructure [2] - Soft infrastructure improvements include the integration of regulatory systems, financial infrastructure, and alignment of standards and rules [2] Group 3: Business Opportunities - Domestic listed companies are seizing the opportunities presented by the Hainan closure policy, with companies like Supply and Marketing Cooperative establishing a regional office in Hainan to manage member enterprises and enhance logistics and supply chain capabilities [2] - Supply and Marketing Cooperative has initiated stable operations in pig supply with Haikou City’s vegetable basket group and is expanding cross-border e-commerce categories, creating an "online + offline" shopping ecosystem [2] Group 4: Policy Framework - Hainan has achieved breakthroughs in zero tariffs and free flow, offshore processing and value-added trade services, port access facilitation, and innovative trade methods through a platform, dual policies, and three types of regulation [3]