XLKG(SZ:000955) 券商中国·2025-11-14 06:23Core Viewpoint - Hainan Free Trade Zone concept stocks experienced a significant surge, with the overall sector rising by 3.8% amid a weak market backdrop, indicating strong investor interest and optimism regarding the upcoming policy changes in Hainan [1][4]. Group 1: Market Performance - Hainan Free Trade Zone stocks, including Xunlong Holdings and Hainan Haiyao, saw rapid increases, with several stocks hitting the daily limit up within minutes of market opening [1][4]. - By 14:00, stocks such as Kangzhi Pharmaceutical and Hainan Mining also reached their daily limit, showcasing a broad-based rally in the sector [4]. Group 2: Policy Changes and Implications - The full island closure operation of Hainan Free Trade Port is set to officially start on December 18, 2025, with significant expansions in the range of "zero tariff" products from 1,900 to approximately 6,600 items, covering about 74% of all goods [4][8]. - The new policies will lower the threshold for companies to benefit from tax exemptions and expand the range of imported materials, which is expected to enhance the development prospects of local retail, tourism, manufacturing, and cross-border e-commerce sectors [1][4]. Group 3: Economic Impact - The "zero tariff" policy has already led to substantial tax reductions, with the import value of goods under this policy reaching 9.834 billion yuan and tax exemptions totaling 2.585 billion yuan as of September this year [6]. - The introduction of new aircraft under the "zero tariff" policy has significantly reduced costs for companies, exemplified by a recent Airbus A330 acquisition that saved approximately 114 million yuan in taxes [4][5]. Group 4: Future Investment Opportunities - Analysts suggest that the new policies will catalyze a shift in investment focus from B2C consumption to B2B industrial upgrades and high-value service sectors, with particular attention on modern logistics, high-tech industries, and tourism-related services [9][10]. - The strategic positioning of Hainan as a new hub for domestic and international trade is expected to attract significant investment, driven by its unique policy advantages and the ongoing restructuring of supply chains [10].