Core Insights - The official launch of Hainan's full island closure operation on December 18, 2025, has not resulted in the anticipated sense of isolation but instead has generated significant consumer activity and sales growth, particularly in duty-free shopping [1][3][31] Group 1: Policy Changes and Economic Impact - The closure policy has transformed Hainan into a special customs supervision area, enhancing openness to foreign trade while maintaining internal management [5][7] - The range of zero-tariff goods has expanded from 21% to 74%, covering approximately 6,600 tariff items, which is expected to save companies about 20% in tax costs [9][11] - Ordinary residents can now purchase duty-free goods up to 100,000 yuan annually, making duty-free shopping a regular convenience rather than just a tourist benefit [13][15] Group 2: Consumer Behavior and Market Response - From December 18 to 21, Sanya's duty-free sales exceeded 100 million yuan for four consecutive days, with a total sales milestone of over 20 billion yuan achieved on December 19 [18][19] - The expansion of duty-free categories and increased discounts have significantly boosted consumer enthusiasm, with popular items including electronics and jewelry seeing substantial price reductions [21][23] - The trend of flying to Hainan for shopping has surged, with a 75% increase in flight bookings around the New Year holiday, indicating a growing interest in the region as a shopping destination [26][28] Group 3: Long-term Strategic Vision - Hainan's closure is viewed as a critical step in its development into a global leisure and vacation destination, with the potential to drive long-term growth in tourism, duty-free, and related industries [31][33] - The strategic positioning of Hainan as a hub for Southeast Asia and global markets is expected to enhance local infrastructure and attract talent, fostering a positive economic cycle [35][39] - The ongoing development of Hainan's free trade port is part of a broader commitment to open up various sectors, including healthcare and education, which will further enhance its appeal as a destination [37][40][42]

文/ 中财绿金院首席经济 学家 刘锋 内需市场的 " 强大 "，并非简单的规模扩张，而是质量、效率、韧性与可 持续性的有机统一。 在近期举行的中央经济工作会议上， "坚持内需主导，建设强大国内市场"被列为明年经济工作的八项重点任务之首。这与《中共中央关于制定国民经济 和社会发展第十五个五年规划的建议》中"建设强大国内市场，加快构建新发展格局"的战略部署一脉相承。这不仅是中国经济发展到新阶段的必然选择， 更是在百年未有之大变局加速演进、外部环境不确定性增强背景下，夯实发展安全基础、掌握战略主动的关键举措。 内需市场的 " 强大 "，绝非简单的规模扩张，而是质量、效率、韧性与可持续性的有机统一。当前，中国经济已从要素驱动、投资拉动的传统模式，转向 以内需为主导、创新为驱动的高质量发展阶段。在这一转型过程中，我们日益认识到，扩大内需不能仅仅依赖于周期性的财政刺激或货币宽松，而需要构 建起坚实、完善、高效的软性基础设施。 这套基础设施，如同经济运行的基本操作系统，定义了市场主体之间互动、交易与创新的基本规则，深刻影响着居民和企业的信心、预期与长期行为。它 的核心构成，正是公平公正公开的市场规则与法律机制、健全的投资者 ...

2025年12月，海南自贸港全岛封关运作正式实施，这不仅是地理意义上的"封关"，更是中国对外开放战 略的一次重大升级，是一场关于国家发展全局和扩大高水平对外开放的战略布局，拉开了中国高端服务 业聚集发展的宏大序幕。 这是海南经济的一次重大战略转型，不是简单意义上的传统服务业"重启"。 封关的核心是"一线放开，二线管住，岛内自由"的特殊政策体系，这个体系的最强大支撑是面积高达 3.4万平方公里、规模在全球首屈一指的海南自贸港以及中国腹地的消费和市场。这在世界近代经济史 上都是一个伟大创举和奇迹，而中国将通过海南自贸港建设下一盘经济转型升级的大棋。这盘大棋要将 海南从旅游消费的重要目的地，进一步升级为全球高端要素资源的集聚地。这盘大棋以国内大循环为主 体，国内国际双循环相互促进，通过扩大内需和加强国际经贸合作实现经济高质量发展，海南自贸港就 是实现这一目标的跳板。 这是海南对接《区域全面经济伙伴关系协定》（RCEP）的重要契机，不是"过渡角色"而是真正的跳 板。 封关以后，海南自贸港对中国企业和外企来说，最大的吸引力在于零关税和低税率的叠加效应，这不仅 体现在进口原材料成本直接降低的层面，更体现在加工增值30%免 ...

Core Insights - Hainan officially launched its full island closure operation on December 18, 2025, which is perceived as a shopping paradise but has deeper implications for the national economy and food security [1][39] Group 1: Economic Implications - The closure allows for a significant increase in the number of zero-tariff goods from 1,900 to 6,600, meaning approximately 74% of product categories entering Hainan will be tariff-free [9][39] - The "processing and value-added 30% tariff exemption" policy enables imported raw materials to be processed in Hainan and sold to mainland China without additional tariffs if their value is increased by 30% [10][18] - This policy creates a "price buffer zone" that can stabilize domestic prices during international market fluctuations, ensuring that food prices remain manageable for consumers [16][39] Group 2: Agricultural Development - Hainan is positioned as a critical area for seed development, with over 70% of new crop varieties in China having been cultivated in the "South Breeding Valley" [22][29] - The closure facilitates easier access for foreign seed resources, enhancing research and innovation in agricultural technology [28][39] - The strategic focus on self-sufficiency in seed production is crucial for national food security, allowing China to reduce reliance on foreign imports [20][39] Group 3: Strategic Positioning - Hainan serves as a vital gateway for China to the Pacific and Indian Oceans, enhancing its role in global supply chains and acting as a "safety house" amid potential disruptions [34][37] - The closure is part of a broader strategy to test economic resilience and regulatory frameworks in an open environment, preparing for potential global trade challenges [39]

2025年12月，海南自贸港全岛封关运作正式实施，这不仅是地理意义上的"封关"，更是中国对外开放战 略的一次重大升级，是一场关于国家发展全局和扩大高水平对外开放的战略布局，拉开了中国高端服务 业聚集发展的宏大序幕。 这是海南经济的一次重大战略转型，不是简单意义上的传统服务业"重启"。 这是海南对接《区域全面经济伙伴关系协定》（RCEP）的重要契机，不是"过渡角色"而是真正的跳 板。 封关以后，海南自贸港对中国企业和外企来说，最大的吸引力在于零关税和低税率的叠加效应，这不仅 体现在进口原材料成本直接降低的层面，更体现在加工增值30%免关税进入内地市场的政策红利。这一 封关后，海南自贸港的首要任务是建立与国际高标准经贸规则相衔接的制度体系。以海南博鳌乐城国际 医疗旅游先行区为例，这个2015年由国务院批准建立的全国唯一"医疗特区"，已经引进超过200种未在 国内上市的创新药品和医疗器械，这不是简单的"进口药品便利化"，而是通过制度创新建立真实世界数 据应用体系，实现全球创新医疗加速在中国临床应用的制度性突破，既满足了广大患者对健康医疗的迫 切需求，又确保了人身安全，这种制度型开放才是封关的核心价值。 封关后，制度 ...

12月18日，海南自由贸易港正式启动全岛封关，步入建设新阶段。 回望来时路，一组亮眼数据勾勒出海南对外开放的"加速度"：近5年，海南实际使用外资1025亿元，不 仅实现年均14.6%的增长，更创下了5年吸引外资超之前32年总和的成绩。 在全球经济复苏乏力、贸易保护主义抬头的背景下，海南利用外资为何能实现跃升，书写中国开放型经 济的新答卷？ 答案藏在12月11日闭幕的中央经济工作会议给出的方法论里——"必须坚持政策支持和改革创新并举"。 在政策支持和改革创新双轮驱动下，海南激活了产业集聚的"乘数效应"，吸引着全球优势资源要素蜂拥 而来。 政策制度体系是海南自贸港建设的"四梁八柱"。5年来，以海南自由贸易港法这一专门法律为基础，海 南出台40余项配套法规，通过法律形式明确自贸港各项制度安排。政策力度之大、协同之强，在海南历 史上前所未有。封关运作后，随着"零关税"等政策扩围提质，海南人流、物流、资金流和数据流等要素 跨境流动更加便利。 从"减证便民"到"自由便利"，改革持续发力。如果说政策支持是吸引外资的"硬支撑"，那么改革创新就 是优化营商环境的"软实力"。海南以制度型开放为核心，推出一系列突破性改革举措，让外 ...

这一天，恰与1978年12月18日党的十一届三中全会召开形成历史呼应。47年后的同一天，海南自贸港封关运作，向世界传递出中国坚定深化对外开放的明 确信号。 这不是一次普通的政策调整，而是东方主导全球化的里程碑，更是对国际地缘战略的主动变革。未来，我们将见证海南自贸港的蓬勃发展，以及围绕它展 开的精彩国际博弈！ 从1978到2025，中国开放升级深化 "封关"不是"封岛"，而是将海南全岛建成海关监管特殊区域，实施"一线放开，二线管住，岛内自由"的特殊政策。 "一线"指的是一线口岸，是从境外进入海南省的口岸。一线放开，指的是实施进口"零关税"、放宽贸易管理等自由化便利化措施。"二线"指的是二线口 岸，是从海南进入内地其他省份的口岸。二线管住，就是要对货物和税收实施精准管控。岛内自由，指在海南岛内，人员、货物、资金等各类生产要素的 流转会更加自由便利。 这是1978年以来，中国深化对外开放的重大举措。 封关运作后，海南自贸港的"零关税"商品范围从封关前的1900多个大幅扩展至约6600个，占全部商品税目的74%；企业所得税和个人所得税均执行15%的 优惠税率，打造全球极具吸引力的政策洼地。 2025年12月18日， ...

中国这么大一个国家，14亿人每天得吃饱饭，这事可不是小打小闹。海南封关这步棋，表面上看是岛屿 变身自由贸易港，其实深层里是国家在下长远布局。2025年12月18日，海南正式启动全岛封关运作，海 关监管模式切换成特殊区域。不是关起门来自己玩，而是对外更敞开大门，对内管好边界。 这套"一放一管一自由"的规则，让货物进出岛跟境外更顺溜，岛内流通随便走。国家花大力气推这个， 目的就是让海南成为对外开放的桥头堡，帮全国探路子。尤其在当下国际形势复杂，贸易壁垒到处冒头 的时候，这步棋显得特别稳。 封关那天，洋浦港和海口港忙活起来，第一批零关税货物顺利过关。企业们省下不少税钱，进口的石化 材料和电子零件直接进厂加工。零关税清单扩到6600个税目，覆盖七成多商品，比以前多出一大截。外 资企业闻风而动，法国和瑞士的公司赶紧设点。海南从旅游岛摇身一变，成了高科技和制造业的聚集 地。 文昌的航天、南繁的种业、三亚的商务区，都在加速发展。国家发改委说，这对吸引全球资源有大帮 助，能推动海南高质量发展。想想那些工人和企业家，封关后生意更活络，日子过得更有奔头。 全球贸易阵营化，中国得有自己的规则体系。海南就是试验田，练好内功，等到关键 ...

Core Insights - The report emphasizes that the "closure" of Hainan Free Trade Port is not about isolation but represents a higher level of openness, marking a significant shift in China's approach to foreign trade and investment [4][5]. Total Research - The Hainan Free Trade Port officially commenced its full island closure operations on December 18, 2025, establishing a customs supervision special area with a new management system [4]. - The operational model of the closure can be summarized as "one line open, two lines controlled, and free movement within the island" [4]. - The customs will simplify the clearance process for most goods entering Hainan, particularly those on the "zero tariff" negative list [4]. - The management of goods entering the mainland from Hainan will be precise, focusing on tax-exempt and value-added goods to prevent market disruption [4]. Policy Changes - The closure operation will introduce four major policy benefits: more favorable "zero tariff" policies, relaxed trade management measures, efficient supervision, and expanded tax benefits [6]. - This marks a transition for Hainan from a "policy exploration zone" to a "formal operation zone," providing unprecedented development momentum [5]. Industry Impact - The closure will reshape Hainan's industries and sectors, impacting cost structures, supply chains, market access, and competitive landscapes [7]. - In the consumption and tourism sector, Hainan aims to establish a comprehensive duty-free and high-quality service system, reinforcing its status as an international tourism consumption center [7]. - The modern service industry is expected to advance towards higher-end and international standards, attracting international financial and professional service institutions [7]. - The high-tech industry will benefit from the closure, particularly in the biopharmaceutical sector, creating a rapid pathway for innovation and reshaping global competition [7].

Core Insights - The Hainan Free Trade Port officially commenced its closure operations on December 18, which has sparked significant public interest and discussion regarding its implications for economic development and consumer behavior [1][3]. Group 1: Economic Impact - The closure operation is expected to further expand domestic demand and stimulate consumption, which has already begun to take shape [3]. - China is transitioning to a new economic phase that necessitates an increase in imports to meet domestic consumption upgrades, moving away from an export-driven model [3]. Group 2: Institutional Opening - Hainan Free Trade Port represents a model of institutional opening characterized by rules, management, and standards, differing from the more product-focused opening seen in Shenzhen during the 1980s [3][4]. - The core of Hainan's opening strategy focuses on high-standard service industry development, which relies on human interaction and subjective quality standards rather than rigid production metrics [4]. Group 3: Financial Connectivity - Hainan serves as a crucial link between offshore and onshore RMB markets, enhancing its role in the internationalization of the RMB [10]. - The establishment of financial tools like the Free Trade Account (FT Account) has enabled Hainan to issue RMB bonds in Hong Kong, facilitating capital flow back to the mainland [10]. Group 4: Regional Development - The policy benefits of Hainan's Free Trade Port are expected to extend beyond the Greater Bay Area, potentially making regions like Zhanjiang in western Guangdong new economic growth poles [11]. - Hainan is positioned to attract high-end service resources globally, which could lead to collaborative opportunities with the Greater Bay Area and beyond [11]. Group 5: Strategic Collaboration - Hainan is encouraged to lead in creating new service platforms that facilitate cooperation between the Greater Bay Area and ASEAN countries, thereby enhancing industrial upgrades through high-level services [12].