什么是全岛封关运作？"零关税"政策是指什么？全岛封关运作后，哪些货物能够"零关税"？ 0:00 什么是全岛封关运作？ 海口海关自贸区和特殊区域发展处科长 崔瑞康：全岛封关运作是指将海南岛全岛建成一个海关监管特殊区域，实施以"'一线'放开、'二线'管住、岛内自 由"为基本特征的自由化便利化政策制度。其中，"一线"放开就是将海南自贸港与我国关境外其他国家和地区之间作为"一线"，实施一系列自由便利进出举 措；"二线"管住就是将海南自贸港与内地之间作为"二线"，针对"一线"放开的内容实施精准管理；岛内自由就是在海南自贸港内，各类要素可以相对自由的 流通。 "对外开放口岸"和"二线口岸"指什么？ 海口海关自贸区和特殊区域发展处科长 崔瑞康：对外开放口岸是指经国务院批准，供货物、交通运输工具和人员直接出入国（关）境的港口、机场等。"二 线口岸"是指经国务院批准，供货物、交通运输工具和人员在海南自贸港与中华人民共和国关境内的其他地区之间进出的港口、机场等。 什么是"零关税"？ 海口海关关税处科长 刘子林："零关税"是指对进口货物免征进口关税、进口环节增值税和消费税，全岛封关运作以后，进口零关税商品将实行负面清单管 理，以进 ...

Core Insights - The preparation for the Hainan Free Trade Port's full closure operation is on track, with a focus on establishing a robust customs supervision system and risk prevention measures [1][3][8] Group 1: Customs Supervision and Infrastructure - The customs authority has completed the necessary soft and hard infrastructure for the closure operation, including the establishment of a comprehensive customs supervision system [3][4] - Twelve supporting regulations have been developed for the supervision of "zero tariff" goods and other applicable policies, which have been publicly announced [3][4] - The customs supervision system is designed to facilitate efficient and precise management, ensuring a smooth transition to the new operational model [5][8] Group 2: Innovative Regulatory Measures - The customs authority is implementing innovative regulatory measures, including a "batch departure, centralized declaration" model to streamline the customs process [6][8] - A smart regulatory platform has been launched to support the new customs procedures, allowing for efficient tracking and management of goods [6][7] - The processing and manufacturing sectors will benefit from a reduced threshold for tax exemptions on certain goods, promoting industrial development within the free trade port [6][8] Group 3: Market Response and Consumer Behavior - The recent increase in shopping among departing tourists indicates a positive market response to the preparations made by customs authorities [7] - Enhanced digital monitoring systems have been established to ensure compliance and prevent violations in the duty-free shopping sector [7][8] Group 4: Future Outlook and Policy Implementation - The customs authority aims to ensure a smooth transition to the new operational model post-closure, focusing on trade facilitation and effective supervision [8] - Policies will be actively promoted to ensure that market participants can fully benefit from the advantages of the free trade port [8]

Core Points - The Hainan Free Trade Port will officially start its full island closure on December 18, 2023, which signifies a higher level of openness rather than isolation [1] - The closure will create a customs supervision special area, characterized by "one line" being open, "two lines" being controlled, and free movement within the island [1][2] Group 1: Economic Impact - The "one line" refers to the open trade between Hainan and foreign countries, allowing goods and capital to enter more freely, with fewer restrictions and lower costs [1] - Foreign investment will have the same access as domestic investment in all sectors except those on the "negative list," including areas not fully opened in mainland China [1] - The "two line" will implement precise management for goods entering the mainland from Hainan, ensuring customs regulation and tax collection [1] Group 2: Business Environment - The internal freedom within Hainan will allow various factors to circulate freely, significantly reducing operational costs for businesses and fostering new business models and economic vitality [2] - Many administrative licensing requirements will be eliminated, allowing businesses to operate based on a commitment to meet conditions, facilitating market access [2] Group 3: Consumer and Investor Benefits - Consumers will have access to a wider variety of duty-free goods, including both domestic and international products, at lower prices [3] - For businesses, a policy allowing a 30% value-added processing exemption from tariffs will be implemented, benefiting goods worth over 10 billion yuan and exempting over 800 million yuan in tariffs [3] - The policy will be optimized to lower thresholds for businesses to qualify for benefits and expand the range of eligible imported materials [3] Group 4: Opportunities for Individuals - The favorable policies such as zero tariffs and low tax rates will attract global companies, creating numerous high-paying job opportunities and low-barrier entrepreneurial chances for job seekers and entrepreneurs [3] - Residents will benefit from improved quality of life due to easier access to international medical services, educational resources, and entertainment products [4]

Core Viewpoint - The Hainan Free Trade Port will officially commence its customs closure operations in one month, with significant implications for both internal and external trade dynamics on the island [1] Group 1: Customs Closure Operations - The customs closure is not a closure of the island but a policy aimed at creating a special customs supervision area, characterized by "first line" openness, "second line" control, and internal freedom [1] - The "first line" connects Hainan with foreign countries and regions, allowing for free and convenient entry and exit, while the "second line" connects Hainan with the mainland, requiring precise management [1][3] - The customs operations are set to begin with 10 "second line" ports conducting synchronized exercises, ensuring readiness for the upcoming closure [1][2] Group 2: Regulatory Framework - The customs authority has established a regulatory framework that emphasizes "first line" openness and "second line" control, ensuring efficient management of goods entering and exiting the island [3] - Specific measures include zero tariffs, processing value-added, and exemptions from tariffs for certain goods, which will be managed under a negative list system [4][5] Group 3: Zero Tariff Implementation - The zero tariff policy will allow a significant increase in the number of goods eligible for duty-free entry, expanding from over 1,900 to more than 6,600 tax items [4] - Only qualified entities can import goods under the zero tariff policy, excluding individuals, and goods processed in Hainan with over 30% value-added can enter the mainland without import duties [5] - Internal freedom allows for the flexible circulation of goods within the Hainan Free Trade Port, enabling businesses to trade surplus products among qualified entities [5]

Core Viewpoint - The Hainan Free Trade Port is set to officially launch its full island customs closure operation on December 18, 2025, marking a significant step in expanding openness and establishing a special customs regulatory area on the island [1][2]. Group 1: Customs Closure Operation - The necessary hardware and software conditions for the full island customs closure operation have been prepared, and the customs regulatory system has been established [1]. - The customs closure operation will implement a policy characterized by "one line open, one line controlled, and free flow within the island" [1][2]. - The customs regulatory system for the Hainan Free Trade Port has been developed, including five supporting regulations and twelve customs-level supporting measures [2]. Group 2: Regulatory Framework - The customs regulatory measures clarify what is managed, how it is managed, and where it is managed, ensuring precise control while facilitating efficiency [2]. - A classification management system will be implemented for goods leaving the island, distinguishing between goods that require customs supervision and those that do not [3]. - Ten "second-line ports" have passed national acceptance, and the regulatory facilities are ready for use [4].

Core Points - The concept of "first line" opening and "second line" control is central to the discussion of Hainan's customs closure policy [1] - "Island freedom" refers to the regulatory environment within Hainan, allowing for certain liberties in trade and movement [1] Summary by Categories - **First Line Opening** - This term indicates the relaxation of restrictions for certain areas or sectors, promoting economic activity and investment [1] - **Second Line Control** - This refers to the maintenance of stricter regulations in other areas to manage and control economic activities, ensuring stability [1] - **Island Freedom** - This implies a more flexible and open economic environment within Hainan, aimed at fostering local development and attracting investment [1]

Core Insights - The implementation of "full island closure" in Hainan Free Trade Port marks a significant shift towards a high-level openness, transforming the island into a customs supervision area where most foreign goods can enter duty-free and circulate freely [3][4]. Policy Design and Structure - The policy design of "one line open, one line manage, and free flow within the island" aims to facilitate the free movement and efficient allocation of global goods and resources within Hainan [4]. - Hainan Free Trade Port differs fundamentally from existing free trade zones, as it encompasses the entire island (33,900 square kilometers) rather than small pilot areas, and focuses on comprehensive openness rather than just internal reform [4]. Industry Transformation - The tourism industry is expected to evolve from mere sightseeing to becoming an "international vacation destination," with duty-free shopping categories expanding to 6,600 items, covering 74% of all customs tax items [5]. - The modern service industry will see internationalization and high-end development, with cross-border finance, international exhibitions, and logistics set to experience significant growth [5][6]. - High-tech industries will benefit from low-cost aggregation due to favorable tax policies, attracting sectors like biomedicine, digital economy, and green technology [6]. Market Opportunities - For businesses, the main attractions include significantly reduced tax costs, improved customs efficiency, and access to a vast market that allows for global procurement and national sales [7]. - Individuals will benefit from enhanced job opportunities and quality of life, with a capped personal income tax rate of 15% and improved international living conditions [7]. Regional Integration - Inland regions can leverage Hainan as a new development hub by establishing a comprehensive logistics network and creating collaborative platforms for bonded goods and industrial synergy [8][9]. - The integration of trade facilitation and regulatory cooperation between Hainan and inland areas can streamline customs processes and enhance cross-border e-commerce [10]. Challenges and Responses - Potential challenges include price fluctuations and intense talent competition, necessitating the establishment of price monitoring mechanisms and optimized talent policies [11]. - Financial risk management is crucial, with a need for a robust regulatory framework to monitor cross-border capital flows and prevent financial crimes [11]. Strategic Role in Global Trade - Hainan Free Trade Port serves as a critical intersection for domestic and international dual circulation, facilitating easier access for global goods and capital into China while enabling domestic products to reach international markets [12]. - The initiative signals China's commitment to high-level openness and provides a model for supply chain optimization and trade facilitation in the Asia-Pacific region and beyond [12].

Core Viewpoint - The establishment of the Hainan Free Trade Port (FTP) represents China's commitment to high-level opening-up and global trade cooperation, with a focus on creating a customs supervision special area for the entire island, characterized by a "zero tariff" trade system and a unique "one line" and "two lines" policy framework [1][2]. Group 1: Hainan FTP Overview - Hainan FTP aims to implement a customs supervision special area with a "zero tariff" policy, showcasing China's determination to expand high-level openness amid a complex international economic environment [1]. - The FTP's design draws on successful management experiences from international free trade zones like Singapore and Dubai, with a significant distinction being that Hainan is not a separate customs area, necessitating the establishment of a "two-line" system [2]. Group 2: Key Tasks for Hainan FTP Development - The first priority is to enhance the openness of the modern service industry, which is crucial for increasing the global influence of Hainan's pillar industries and fostering new competitive advantages in service trade [3]. - The second task involves gradually increasing the level of liberalization for "one line" policies, expanding the range of "zero tariff" goods from 1,900 to approximately 6,600 items, thereby reducing the taxable and specially managed imports to below 26% [4]. - The third focus is on innovating "two line" regulatory policies to prevent "zero tariff" goods from impacting the inland market while ensuring smooth economic connections between Hainan and the mainland [5]. - The fourth task is to advance tax system reforms, emphasizing "zero tariff, low tax rates, and simplified tax systems" to enhance investor expectations and attract domestic and foreign enterprises [6][7].

Policy Implementation - As of September 2025, the "zero tariff" import value reached CNY 27.06 billion, with tax reductions amounting to CNY 5.09 billion[3] - Cumulative domestic sales under the processing and value-added tax exemption policy reached CNY 11.08 billion, with a customs duty exemption of CNY 0.86 billion[3] Economic Strategy - The Hainan Free Trade Port aims to enhance domestic and international dual circulation, linking with major economic regions like the Guangdong-Hong Kong-Macau Greater Bay Area and the Yangtze River Economic Belt[3] - The strategic mission of Hainan Free Trade Port is to leverage unique policy advantages to capture supply chain restructuring benefits, particularly in digital trade and RCEP integration[3] Industry Development - The focus is on establishing a modern industrial system with Hainan characteristics, promoting industry upgrades and technological integration[3] - Key sectors expected to grow include biomedicine, offshore wind power, equipment manufacturing, and digital content processing, supported by a low-tax system and zero-tariff policies[3] Investment Outlook - Continuous monitoring of policy implementation, port closure progress, and key industry project developments is recommended[3] - The combination of "zero tariffs + value-added processing" policies is anticipated to unlock long-term growth potential in sectors like tourism, high-end manufacturing, and digital trade[3] Risk Factors - Potential risks include slower-than-expected policy progress, economic growth below forecasts, and escalating geopolitical conflicts[3]

Core Points - The official announcement states that the Hainan Free Trade Port will officially start its customs closure on December 18, 2025, symbolizing China's commitment to high-level openness [2][3] - The customs closure will create a special customs supervision area across Hainan Island, implementing a policy characterized by "one line" opening, "two lines" management, and free flow within the island [2][3] Summary by Sections Customs Closure Details - The customs closure is designed to enhance international connectivity, allowing most goods, personnel, and transportation to enter and exit Hainan without additional documentation [3] - Specific management will be applied to certain goods entering the mainland from Hainan, including zero-tariff goods and those benefiting from processing and trade management policies [3] Future Developments - The customs closure marks a new starting point for the construction of the Hainan Free Trade Port, with plans to continuously improve the policy system in line with high-level free trade port standards [3]