Core Insights - The establishment of Hainan Free Trade Port is a significant decision by the Central Committee aimed at deepening reform and opening up in the new era, focusing on self-initiated, unilateral, and institutional openness [1][4] - The full island closure of Hainan Free Trade Port on December 18, 2025, marks a milestone in Hainan's development and a significant event in China's reform and opening-up process, showcasing China's commitment to high-level openness [2] Strategic Goals - Hainan Free Trade Port aims to become a crucial gateway for China's new era of openness, adapting to new trends in the changing economic landscape and playing a pivotal role in China's high-level opening strategy [2] - It is positioned as an important base for China-ASEAN comprehensive strategic cooperation, with a 36.8% year-on-year increase in direct investment from China to ASEAN in 2024, of which 8.5% is through Hainan Free Trade Port [2] Trade and Investment - Hainan Free Trade Port is set to connect with the RCEP market, with 40% of its foreign trade and 50% of its foreign direct investment directed towards RCEP regions in 2024 [3] - The port will leverage zero-tariff policies in conjunction with RCEP to enhance trade and investment flows, focusing on aligning market rules and service systems with RCEP member countries [3] Blue Economy and Maritime Cooperation - Hainan Free Trade Port is envisioned as a strategic platform for the China-ASEAN blue economy, addressing the need for cooperative governance in the South China Sea, where over 50,000 vessels pass annually [3] - The port aims to facilitate cooperation in marine industries, green development, maritime security, and cultural exchanges between China and ASEAN [3] Policy Implementation - The core policies of Hainan Free Trade Port include "zero tariffs, low tax rates, and simplified tax systems," which will gradually be implemented post-closure to enhance the business environment [7] - The port will also focus on reducing the foreign investment negative list and implementing more open visa policies to facilitate global access [7][8] Legal Framework - The legal framework will support the implementation of core policies, adapting to international trade rules and promoting reforms in service trade, digital trade, and intellectual property protection [8] - The port's development is a major national strategy personally planned and promoted by President Xi Jinping, emphasizing that closure is not isolation but an expansion of openness [8]
封关运作 擘画中国特色自贸港新蓝图
Xin Lang Cai Jing·2025-12-28 00:55