如何将制度优势变为“现金流”？专家解读海南封关运作红利

Core Viewpoint - The official launch of Hainan's full island closure operation on December 18, 2025, symbolizes a significant step in China's reform and opening-up strategy, aligning with historical milestones in the country's economic transformation [1][12]. Group 1: Understanding "Closure" as Higher-Level Openness - "Closure" is a customs regulatory term, not a literal island lockdown, allowing for smooth international trade while maintaining some controls on domestic markets [4][5]. - The policy framework includes "one line open, two lines controlled, and free movement within the island," facilitating easier international connections and zero tariffs on most imports [4][6]. - Hainan aims to create a "borderless" open environment, enhancing institutional openness rather than imposing physical restrictions on people [5][12]. Group 2: Economic Opportunities and Trade Benefits - The first week of the closure operation saw a 54.9% year-on-year increase in duty-free shopping, amounting to 1.1 billion yuan [8]. - The closure operation allows businesses to defer taxes on goods until they are sold in the mainland, significantly reducing operational risks and capital requirements [8][9]. - Hainan's service trade has been growing at an annual rate of 21% from 2018 to 2024, indicating a strong potential for further development in sectors like finance and professional services [9]. Group 3: Strategic Positioning and Future Challenges - Hainan is positioned as a pilot zone for national strategies, with the first negative list for service trade implemented there, enhancing its role in the RCEP market [6][12]. - The region faces challenges in market equality and capital market issues, which need to be addressed to fully realize its potential as a reform and opening-up experiment [13][14]. - Hainan's strategic location within the RCEP provides opportunities for enhanced trade and investment, particularly in the context of rising regional economic cooperation [14].