Core Viewpoint - The establishment of the Hainan Free Trade Port's closure date on December 18, 2025, marks a significant milestone in China's commitment to further opening up its economy and enhancing the attractiveness of Hainan as a global investment destination [1][3]. Group 1: Impact of Closure on Hainan Free Trade Port - The closure will transform Hainan into a "domestic outside" area, allowing for "zero tariffs" and other preferential policies, signaling China's determination for openness [3]. - The closure is a phased approach, maintaining the overall logic of "first line" opening, "second line" monitoring, and free internal systems [3]. - The customs will implement precise regulation with lower intervention, indicating a significant change in regulatory practices [3]. Group 2: Flow of Capital, Talent, and Data - Cross-border capital flow will rely on multi-functional free trade accounts, while talent movement will be facilitated by visa-free policies [4]. - Data flow will be managed through a list-based approach, allowing for cross-border interaction, enhancing the business environment for domestic and international entrepreneurs [4]. - The "zero tariff" and processing value-added tax exemption policies are expected to attract manufacturing industries, although Hainan may not be suitable for long industrial chains in the short term [4]. Group 3: Development of Key Industries - The four main industries in Hainan—tourism, modern services, high-tech industries, and tropical agriculture—account for 67% of the province's GDP [5]. - Hainan has advantages in deep-sea technology, particularly in deep-sea exploration, but should focus on local assembly and testing rather than the entire industrial chain [5]. - Hainan is better suited for specific high-tech industries like deep-sea technology and biomedicine, rather than long industrial chains [5]. Group 4: Expansion of Zero Tariff Products - The range of "zero tariff" products is expected to expand from 1,900 to approximately 6,600 items, covering about 74% of all product categories [6]. - Further expansion of the tariff list will depend on policy implementation and subsequent risk assessments, particularly in the service trade sector [6]. Group 5: Consumer Attraction and Market Expectations - The increase in "zero tariff" products is likely to boost consumer spending in Hainan, although high-end luxury goods will still be subject to offshore duty-free policies [7]. - The combination of offshore duty-free and "zero tariff" policies is expected to significantly enhance consumer activity in Hainan [7]. - There are expectations for greater initiatives in trade facilitation and the development of high-end services, including technology research, high-end healthcare, and modern finance [8].

Core Points - The full island closure operation is a landmark project for the construction of Hainan Free Trade Port, symbolizing a significant step towards further opening up the economy [1] - The closure is scheduled to officially start on December 18, 2025, coinciding with the anniversary of China's reform and opening-up policy, showcasing China's commitment to high-level openness [1][2] Group 1: Closure Operation Details - The closure refers to establishing Hainan Island as a special customs supervision area, implementing a policy characterized by "one line open, one line controlled, and free flow within the island" [2] - The "one line" open policy allows for free and convenient entry and exit between Hainan Free Trade Port and other countries, while the "two line" controlled policy manages the flow between Hainan and the mainland [2] - The closure will enhance Hainan's connectivity with the international market, facilitating the attraction of global quality resources and promoting high-quality development of the Hainan Free Trade Port [2] Group 2: Customs and Trade Management - After the closure, most goods and personnel will continue to be managed under current regulations, with minimal changes to the entry and exit processes [3] - For goods requiring inspection, measures will be implemented to ensure efficient customs clearance, including relocating certain inspections to avoid congestion [3] - The customs authority has developed a regulatory framework to ensure safe and efficient management of goods entering and exiting the Hainan Free Trade Port [3][4] Group 3: Tax Policy Changes - The "zero tariff" policy is a key feature of the Hainan Free Trade Port, with significant expansions planned for the range of goods eligible for this policy [5][6] - The number of "zero tariff" items will increase from 1,900 to approximately 6,600, covering about 74% of all goods, representing a nearly 53 percentage point increase [7] - The scope of beneficiaries will expand to include various enterprises and non-profit organizations with actual import needs, allowing for greater flexibility in the circulation of imported goods [7]

Group 1 - The implementation of new policies in Hainan Free Trade Port is expected to inject strong momentum into regional economic development and promote high-quality growth [1] - Hainan Mining Co., Ltd. is leveraging tax incentives and cross-border financial innovations to drive industrial upgrades and establish a new development pattern [1] - The existing capacity of Hainan Strait Shipping Co., Ltd. is sufficient to handle the expected increase in vehicle and passenger flow following the operation of Hainan Free Trade Port [1] Group 2 - Hainan Airport Facilities Co., Ltd. has formed a special team to conduct pressure tests, team building, and personnel training to enhance the standardization and efficiency of Hainan Free Trade Port's construction [2] - Caesar Travel Co., Ltd. has completed acquisitions to enrich its coastal boutique tourism business and accelerate market layout in Hainan [2]

Core Viewpoint - The Hainan Free Trade Port will officially start its closed operation on December 18, 2025, marking a significant milestone in China's efforts to expand its openness and implement liberalization policies [1] Group 1: Policy Implementation - The closed operation will feature a policy framework characterized by "one line" for openness, "two lines" for management, and free flow within the island [1] - The "zero tariff" policy for imported goods will increase from 21% to 74% of the tax categories, allowing for tax-free circulation among eligible entities within the island [2] - Trade management measures will be relaxed, allowing for open arrangements for certain previously restricted imports [2] - Ten "second-line" ports will be established to facilitate the passage of goods into the mainland, enhancing efficiency [2] - A precise regulatory model will be implemented to ensure low intervention and high efficiency for "zero tariff" goods [2] Group 2: Economic Development - The closed operation is expected to attract global resources and promote the development of key industries such as tourism, modern services, high-tech industries, and tropical agriculture [3] - The initiative aims to create a modern industrial system with unique advantages for Hainan, focusing on enhancing productivity and innovation [3] - The government plans to expand the scope of the "zero tariff" policy significantly, increasing the number of tax categories from 1,900 to approximately 6,600, covering 74% of all goods [4] - The policy will allow for free circulation of "zero tariff" goods among various entities, enhancing the competitiveness of local industries [4]

Core Viewpoint - The Hainan Free Trade Port will officially start its full island closure on December 18, 2025, marking a significant transformation in its operational phase and enhancing its role in China's high-level opening-up strategy [1][3]. Group 1: Significance of the Closure - The closure is seen as a landmark project that signifies the transition of Hainan Free Trade Port from an initial stage to substantial operational capabilities, especially in the context of rising trade protectionism and unilateralism globally [1][3]. - The closure will facilitate a more convenient connection between Hainan and international markets, promoting the gathering of global quality resources and contributing to high-quality development of the Hainan Free Trade Port [3]. Group 2: Policy Framework - The closure will establish Hainan as a "borderless" zone, allowing for zero tariffs and other preferential policies, with a focus on a system characterized by "one line open, one line controlled, and free flow within the island" [1][2]. - The proportion of goods enjoying zero tariffs has increased from 21% to over 70%, enhancing resource allocation efficiency [2]. Group 3: Implementation Readiness - The necessary policies and supporting documents for the closure have been completed, including the import tax item catalog and the list of restricted goods, with hardware facilities passing national inspections [3][4]. - Comprehensive pressure tests are being conducted to ensure effective management post-closure, balancing openness with regulatory control [3]. Group 4: Travel and Trade Impact - Travelers will not require additional documentation to enter or exit Hainan, maintaining current travel convenience while enhancing the overall travel experience [4][5]. - The annual duty-free shopping limit for travelers is set to increase to 100,000 yuan, which is expected to boost consumption [5]. Group 5: Taxation and Trade Facilitation - The zero-tariff system will be a core feature of the Hainan Free Trade Port, with the proportion of zero-tariff goods expected to rise to 74% post-closure, significantly increasing from the previous 21% [6][8]. - The policy changes will lower production costs for market entities and stimulate market vitality, enhancing the level of trade liberalization and facilitation in Hainan [8]. Group 6: Strategic Development - The combination of zero tariffs and the policy of exempting tariffs on goods with a processing value added of 30% or more is crucial for leveraging the domestic market and establishing Hainan as a key point for domestic and international dual circulation [8][9]. - Hainan aims to develop a preservation and processing base for agricultural products targeting ASEAN markets, enhancing the efficiency of tropical agricultural resources and supporting the goal of becoming a global tropical agricultural center [9].

记者从23日举行的中国国务院新闻办公室发布会上获悉，经中共中央批准，海南自贸港定于今年12月18 日正式启动全岛封关运作。 二是实施更加宽松的贸易管理措施。在"一线"进口方向，对全国现有的部分禁止、限制类进口货物作出 开放性安排。 三是实施更加便利的通行措施。以岛内现有8个对外开放口岸作为"一线"口岸，对符合条件的进口货物 径予放行；设置运行海口新海港、海口南港等10个"二线口岸"，对进入内地的货物创新采取多种便捷通 行举措。 四是实施更加高效精准的监管模式。对"零关税"货物、放宽贸易管理措施货物等实行低干预、高效率的 精准监管，保障各项开放政策平稳落地。有关政策文件稍晚时候将陆续对外公布，并于全岛封关之日起 施行。(完) (责任编辑：王晨曦) 封关是指，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。 国家发改委副主任王昌林在上述发布会上介绍，"一线"放开，就是将海南自贸港与中国关境外其他国家 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； ...

Core Points - The Hainan Free Trade Port (FTP) is set to officially start its customs closure operation on December 18, 2025, marking a significant milestone in its development [3] - The FTP aims to enhance the convenience of personnel, logistics, capital, and data flows, with 85 countries' citizens eligible for visa-free entry [2] - The current customs closure policies are summarized into four key areas: more favorable zero-tariff policies, relaxed trade management measures, more convenient passage measures, and efficient regulatory models [4] Group 1: Economic Growth and Investment - Hainan has seen an average annual growth of 14.6% in actual foreign investment over the past five years, totaling 102.5 billion yuan [5] - The number of newly established foreign enterprises has increased by an average of 43.7% annually, with 8,098 new companies [5] - Trade in goods and services has grown by 31.3% and 32.3% respectively over the same period [5] Group 2: Policy and Regulatory Changes - The zero-tariff product coverage will significantly increase to 6,600 items under a negative list management system post-closure [8] - The scope of eligible entities for zero-tariff imports will expand to cover all types of enterprises and non-profit organizations with actual import needs [8] - The processing and value-added tax exemption policies will be optimized to encourage enterprise development and extend industrial chains [11] Group 3: Tourism and International Cooperation - Hainan aims to receive 97.2 million domestic and international tourists in 2024, an 8% increase from the previous year, with a doubling of inbound tourists [13] - The province is focused on building an international tourism consumption center, enhancing the travel experience for visitors [14] - Hainan will leverage its FTP status to strengthen cooperation with Arab countries in various sectors, including trade and tourism [11]

Core Viewpoint - The establishment of the Hainan Free Trade Port (FTP) is a significant milestone in China's efforts to expand its openness and facilitate trade, with a focus on implementing a "one line open, two lines controlled, and free flow within the island" policy [2][7]. Policy Framework - The Hainan FTP has initially established a policy system that allows visa-free entry for personnel from 85 countries [3]. - The official launch date for the full island closure operation is set for December 18, 2025 [4]. Current Measures - The current closure policy measures can be summarized as "four more" enhancements: 1. More favorable "zero tariff" policies, increasing the proportion of zero-tariff goods from 21% to 74% [5]. 2. More relaxed trade management measures, allowing for open arrangements for previously restricted imports [5]. 3. More convenient passage measures through designated ports [5]. 4. More efficient and precise regulatory models for zero-tariff goods [6]. Trade and Investment - After the closure, there will be a significant increase in the coverage of zero-tariff goods, expanding from approximately 1,900 to about 6,600 tax items, which represents a 53 percentage point increase [10]. - The Ministry of Finance will continue to deepen tax reforms to ensure sustained policy benefits, including adjustments to the import tax item catalog and optimizing duty-free shopping policies [11][12]. Market Access - New measures will be introduced to further relax market access, particularly in service trade, and to create a transparent investment environment [9][15]. - The customs authority will simplify the declaration process for goods leaving the island, reducing the number of required declaration items from 105 to 42 [18]. Economic Performance - Over the past five years, Hainan has attracted a total of 102.5 billion yuan in foreign investment, with an annual growth rate of 14.6% [21].

Core Viewpoint - The National Development and Reform Commission (NDRC) plans to introduce a new set of special measures to relax market access following the closure of the Hainan Free Trade Port, focusing on expanding zero-tariff goods and enhancing service trade development [1] Group 1: Market Access and Investment Environment - The NDRC will work with relevant departments to further expand zero-tariff goods after the Hainan Free Trade Port is operational [1] - There will be a strong emphasis on adapting to the shift from manufacturing to service industry openness, promoting the development of service trade [1] - The investment environment will be aimed at being open, transparent, and predictable to facilitate cross-border investments [1] Group 2: Foreign Investment Policies - The NDRC plans to further relax foreign investment access and introduce a new batch of special measures to ease market entry [1] - There will be an acceleration in establishing an investment facilitation system that focuses on process regulation [1]

财政部：海南自贸港封关后"零关税"商品覆盖面显著提高。"零关税"商品范围扩大至约6600个税目，占 全部商品税目的比例达到74%，比封关前提高了近53个百分点，显著提高了开放水平。（新华社） ...