Group 1 - The core viewpoint of the news is that the official launch of the Hainan Free Trade Port's full island closure operation marks a new stage in China's opening-up strategy, establishing Hainan as a significant gateway for foreign trade [1] - The "zero tariff" policy has been significantly expanded, with the range of zero-tariff goods increasing to approximately 6,600 items, resulting in 74% of imported goods entering Hainan being exempt from import duties, VAT, and consumption tax [1] - The closure operation is seen as a new starting point for industrial upgrades, with plans to develop a modern industrial system characterized by Hainan's unique advantages [1] Group 2 - The four main industries targeted for development include tourism, modern services, high-tech industries, and tropical efficient agriculture, with a focus on optimizing and upgrading these sectors [2] - Investment opportunities are identified in modern service industries such as tourism, exhibition, transportation, and finance, as well as in specialized sectors like marine economy, aerospace, duty-free shopping, and high-end healthcare [2] - Companies with significant foreign trade operations in Hainan, infrastructure firms benefiting from the free trade port's development, tourism-related businesses, and local enterprises enjoying tax benefits are expected to see substantial gains [2]

Core Points - The core idea of the article is to clarify the concept of "closure" in the context of Hainan Free Trade Port, emphasizing that it is not a "closure of the island" but rather a new model of "opening up externally while managing internally" [1][2] Summary by Sections Policy Changes - The number of goods eligible for "zero tariffs" will significantly increase, covering approximately 74% of product categories, benefiting key industries such as pharmaceuticals and high-end food processing [1] - A "double 15%" income tax incentive will be available for qualifying enterprises and core talents, allowing both corporate and personal income tax to be reduced to 15% [1] Impact on Individuals - Individuals will not face significant changes when entering or exiting Hainan; travel and business activities will remain largely unaffected, with no additional documentation required [1] - The availability of more "zero tariff" goods and improved tourism services is expected, enhancing the overall experience for visitors [1] Strategic Goals - The primary goal of the closure is to position Hainan as an important open gateway to ASEAN, leveraging its geographical advantages to facilitate cooperation between China and ASEAN [2] - Key initiatives include establishing Hainan as a "dual headquarters base" for both ASEAN and Chinese enterprises, improving policy implementation and efficiency, and focusing on modern high-tech, tourism, and service industries [2] - The reduction of the "negative list" for cross-border service trade is aimed at increasing business opportunities and investment attractiveness [2]

Core Viewpoint - Hainan Free Trade Port officially launched its full island closure on December 18, which is expected to significantly impact the movement of people, the living and employment conditions of residents, and investment opportunities for businesses. Group 1: Customs and Trade Facilitation - The customs system is divided into "one line" for international trade and "two lines" for domestic trade, with the latter primarily regulating taxes and certificates for goods moving from the "one line" [3] - New customs measures such as "batch exit and centralized declaration" will allow companies to handle customs procedures after goods have actually left the island, reducing burdens on businesses [5] - The "no-sense customs clearance" system is being implemented, allowing for real-time information sharing among customs, anti-smuggling, and port departments [9] Group 2: Tax and Duty Policies - The "zero tariff" list has expanded from over 1,900 items to more than 6,600 items, increasing the proportion of zero-tariff goods from 21% to 74% of all goods [13] - A "double 15%" tax incentive policy has been introduced, allowing qualifying enterprises and key personnel to enjoy a 15% income tax rate [18] Group 3: Consumer Benefits - Residents can purchase 15 categories of "immediate purchase and pick-up" goods, including cosmetics and clothing, without limits on the number of purchases within a year [16] Group 4: International Cooperation and Investment - The full island closure will provide residents with more opportunities for international exchange and cooperation, supported by a visa-free policy for citizens from 86 countries [22] - Since 2020, over 9,600 new foreign enterprises have been established in Hainan, with investments from more than 170 countries and regions, enhancing Hainan's role as a headquarters base for foreign companies entering the Chinese market [25]

2025.12. 18 本文字数：1673，阅读时长大约3分钟 作者 | 第一财经 林春挺 12月18日，海南自由贸易港（下称"海南自贸港"）全岛封关运作正式启动。这是海南自贸港建设进 程中具有里程碑意义的大事，是中国坚定不移扩大高水平开放、推动建设开放型世界经济的标志性举 措。 打造海南自贸港始于2018年4月13日。2020年《海南自由贸易港建设总体方案》发布后，分阶段建 设路径逐步明晰，此次封关正是2025年阶段性目标达成的重要标志。 封关不是封岛，而是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。 所谓"一线"放开，是将海南自由贸易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；而"二线"管住，则是将海南自由贸易港与内地之间作为"二线"，针对"一线"放开的 内容实施精准管理。 对外经济贸易大学教授崔凡则指出，相较于传统优惠政策，海南的制度设计更注重稳定性和可预见 性。 政策红利的释放成为市场关注焦点。最显著的变化在于"零关税"商品税目比例将从21%提升至 74%。"对企业来说，成本是关键考量。"据海南省财 ...

12月18日，海南自由贸易港（下称"海南自贸港"）全岛封关运作正式启动。这是海南自贸港建设进程中 具有里程碑意义的大事，是中国坚定不移扩大高水平开放、推动建设开放型世界经济的标志性举措。 截至12月10日，海南全省有7080家主体预申报"零关税"进口货物享惠主体资格，通过审核5011家；全省 加工增值免关税政策试点企业136家，已实际开展业务的企业有54家。 而在"双15%"所得税优惠方面，目前海南鼓励类产业条目已扩至1100多个，涵盖生物医药、海上风电等 领域，符合条件企业可享15%企业所得税优惠；高端人才和紧缺人才个人所得税实际税负超15%部分免 征，且居住时间核算更趋人性化，合理离岛时间可计入居住天数。 封关后的海南将承担多重战略角色。北京大学苏剑教授近日指出，海南将成为引领新时代对外开放的重 要门户、促进国内国际双循环的战略枢纽、制度型开放的高地以及现代化产业体系的示范区。 对外经济贸易大学教授崔凡则指出，相较于传统优惠政策，海南的制度设计更注重稳定性和可预见性。 "封关后的第一年，相关政策如何落地执行对企业信心非常关键。"上述在海南建厂投资的企业相关负责 人对第一财经记者说。 打造海南自贸港始于20 ...

今日，即2025年12月18日，是一个注定被载入中国经济史册的日子。 从这一刻起，海南岛不再仅仅是一个地理概念，它正式成为中国经济与世界交融的一块试验田，从今天开始，海南全岛封关运作的大幕，轰然拉开。 在逆全球化思潮涌动的今天，我们选择以更大的魄力，拥抱世界，为全球资本和企业提供一个充满确定性的避风港。这背后，是中国坚定不移的开放决心， 也是一场旨在重塑国内经济格局的深刻变革。 那么，这场变革的核心逻辑是什么？可以概括为：一线放开、二线管住、岛内自由。 我们可以想象一下，未来的海南就像一个巨大的、连接全球的超级购物中心。面向全球，它彻底敞开大门，除了少数限制品，绝大多数货物都能自由进出， 免征关税。背靠内地，会有一道精准的防火墙，确保优惠政策精准落地，不冲击国内市场。而在这座巨大的"境内关外"岛屿上，自由流动将成为常态。 支撑这一切的，是"零关税、低税率、简税制"，我们既能看到国际成熟自贸港的影子，又烙印着鲜明的中国特色，这是一次值得关注的制度创新。 抛开宏大叙事，它将如何搅动我们每个人的生活与生意呢？ 对于消费者而言，"零关税"意味着进口商品价格的大幅下降，加上离岛免税政策的持续加码，海南正加速成为全球消费 ...

Core Viewpoint - Hainan has officially launched its full island customs closure operation on December 18, 2025, marking a significant milestone as the "largest free trade port in the world," which symbolizes China's commitment to expanding its openness to the world [1] Group 1: Customs Closure Definition and Implications - Full island customs closure refers to establishing Hainan as a special customs supervision area, implementing a policy characterized by "open on the first line, controlled on the second line, and free flow within the island" [1] - The customs closure is not a lockdown but an expansion of openness, facilitating international connections and attracting global resources to promote high-quality development of Hainan's free trade port [1] Group 2: Key Dates and Symbolism - The choice of December 18 for the customs closure is significant as it coincides with the anniversary of the Third Plenary Session of the 11th Central Committee of the Communist Party of China in 1978, which initiated the reform and opening-up policy [1] Group 3: Operational Changes Post-Closure - The current customs management will remain largely unchanged, with most goods and all personnel and transportation still following existing regulations, ensuring no additional documentation is required for travel to Hainan [2] - The duty-free shopping policy for departing travelers will continue, with adjustments made effective from November 1, allowing "departing and exiting travelers" to enjoy duty-free shopping [2] Group 4: Zero Tariff Policy Expansion - The range of "zero tariff" products will shift from a positive list to a negative list management approach, expanding from 1,900 tariff items to over 6,600 items, covering approximately 74% of all tariff items, an increase of nearly 53 percentage points from before the closure [2] Group 5: Tax Environment and Real Estate - Hainan's low tax rates are designed to be compliant and regulated, distinguishing it from "tax havens" through conditions for benefits, anti-avoidance clauses, transparency, and strict anti-money laundering mechanisms [3] - Real estate policies will still operate within national laws and macro-management frameworks, with ongoing measures to curb speculation and ensure housing demand for residents is met [3] Group 6: Future Development of the Free Trade Port - The free trade port is not fully established yet; the goal is to initially create a policy system focused on trade and investment facilitation by 2025, with a more mature system expected by 2035, and a fully developed high-level free trade port by the middle of this century [3]

Group 1 - The full closure of Hainan is a significant milestone in the construction of the Hainan Free Trade Port and represents another major initiative by China to expand high-level opening-up [4] - The "zero tariff" benefits are expanding, covering approximately 74% of product tax categories, with no changes to entry/exit island or tourism shopping, and no additional documentation required [3] - The scope of bonded maintenance has increased by 38 product tax categories, with tax burdens for high-end personal goods not exceeding 15% [3] Group 2 - The "two headquarters base" policy aims to enhance the development of Hainan as a core hub for trade between China and ASEAN [3] - The upgraded duty-free policy for offshore islands will provide a wider variety of products [3] - Residents, tourists, and investors are encouraged to pay attention to these changes to seize policy dividends and development opportunities [4]

Core Viewpoint - The Hainan Free Trade Port has officially commenced its full island closure operation, marking a significant step towards higher levels of openness and serving as a crucial gateway for China to share development opportunities with the world [1][5][12]. Summary by Sections Opening and Policy Changes - The proportion of "zero tariff" goods has increased dramatically from 21% to 74%, with the threshold for enjoying the 30% value-added processing tax exemption lowered [1][7]. - The "two 15%" income tax policy will continue until the end of 2027, and the number of customs declaration items for certain "first-line" imported goods has been simplified from 105 to 33 [1][6]. Customs and Regulatory Framework - The closure operation establishes Hainan as a special customs supervision area, implementing a policy characterized by "first-line" openness, "second-line" control, and free movement within the island [4][5]. - The transition from a "positive list" to a "negative list" management model signifies a major change in customs supervision, enhancing clearance efficiency and providing a solid institutional guarantee for the free flow of goods [6][7]. International Trade Context - The operation of the Hainan Free Trade Port is positioned within the global economic landscape, emphasizing China's commitment to multilateralism and open policies amid rising trade protectionism [8][9]. - Global trade is expected to exceed $35 trillion this year, but growth may slow down in the coming quarters due to high tariffs and other pressures [8]. Future Development and Strategic Goals - The closure operation is just the beginning of a long-term task, with goals set for 2035 to achieve a more mature system and operational model for the free trade port [12][14]. - The unique advantages of Hainan, including its large geographical area and potential for collaborative innovation, position it favorably for future growth and investment [10][11]. Policy Directions and Economic Planning - The "15th Five-Year Plan" suggests establishing a competitive tax system and optimizing tax policies to enhance the economic environment for residents and businesses [14]. - The Hainan Free Trade Port aims to provide valuable experiences for national market opening, focusing on supply chain restructuring and interaction with other regions [15].

Core Points - Hainan Free Trade Port officially launched full island closure on December 18, enhancing international exchanges and domestic connections [1] - A series of documents took effect immediately upon the launch of the full island closure [1] Group 1: New Benefits Post-Closure - The number of goods eligible for preferential treatment has significantly increased, covering approximately 74% of product categories, benefiting key industries such as military medicine and high-end food processing [8] - The scope of "zero tariff" goods has expanded from 1,900 to about 6,600 product categories [10] - Goods with a processing value added of 30% can be exempt from tariffs when sold domestically [11] Group 2: Tax Incentives - Hainan implements a "dual 15%" tax incentive policy, allowing eligible enterprises and qualified personnel to enjoy a 15% income tax reduction [13]