Group 1: Key Developments in Hainan Free Trade Port - Hainan Free Trade Port officially commenced full island closure on December 18, with significant operations at the Haikou New Port and South Port "second line ports" for cargo inspection [1] - The "second line ports" serve as crucial connections between Hainan Free Trade Port and other provinces, with specific management for three categories of goods: zero-tariff goods, goods enjoying processing value-added policies, and goods with relaxed trade management measures [1] - The customs authority has implemented a system with 16 channels at the inspection site, currently utilizing 9 channels, including both regulated and non-regulated pathways for cargo [1] Group 2: Innovations in Customs Operations - "Seamless customs clearance" is a key feature of the full island closure, supported by the customs smart supervision platform and the international trade "single window" system for efficient cargo processing [2] - The system allows for real-time data synchronization between cargo declarations and customs risk assessments, facilitating quick clearance for vehicles not flagged for inspection [2] - Hainan has established 8 open ports and 10 "second line ports," enhancing infrastructure and regulatory frameworks to ensure efficient customs operations [2] Group 3: Impact on Local Enterprises - Hainan Zhanbang Pharmaceutical Co., a foreign-invested enterprise, reported smooth customs clearance and significant tax exemptions totaling 350,000 yuan since the implementation of the processing value-added policy [3] - China Petroleum & Chemical Corporation's Hainan Refining and Chemical Co. and Danzhou Weida Chemical Co. have successfully utilized the tax exemption policy, reducing production costs by 400 yuan per ton, thereby enhancing product competitiveness [3] - The full island closure marks a pivotal step in the development of Hainan Free Trade Port, with local enterprises poised to benefit from favorable policies [3]

12月18日，海南自由贸易港全岛封关运作首日，一批批享受加工增值免关税政策的货物，经"二线口岸"海关监管通道顺利验放，发往内地。其中，通往广东 的货物成为了当日通关的一道鲜明轨迹。 and the -27000 - 此外，海口海关还大幅简化了"二线"申报项目，并实施 "分批出岛、集中申报"的通关模式，以降低企业成本。对于"零关税"货物及其加工制成品，在海南自 由贸易港内可不设存储期限自由存放，海关通过建立电子账册，运用信息化手段进行管理。 封关首日，发往广东的多样化货流，从食品原料到深加工产品，从港口运输到空中快线，初步展现了政策驱动下琼粤两地经贸联系的紧密程度。加工增值免 关税政策，使得在海南进行增值加工后销往广东及内地市场更具成本优势。 这一切顺畅流动的背后，是海南自由贸易港"一线放开、二线管住"的制度。所谓"二线"，即在海南与内地之间设立的监管环节。目前，海南全岛共设有包括 海口新海港在内的10个"二线口岸"。 在这些口岸，海关对享受加工增值免关税政策的保税货物等实施监管。根据政策，企业在海南进口原料，经加工后增值超过30%，其产品内销时可免关税。 作为从广州来到海南的企业，海南维力医疗科技开发有限公司 ...

Core Viewpoint - The official launch of the Hainan Free Trade Port's full island closure on December 18, 2025, marks a significant step in China's commitment to high-level opening-up and the construction of an open world economy [1][3]. Group 1: Policy Changes - The full island closure will implement a series of policies including the import tax item catalog, tax policies for goods circulation, and customs supervision methods [1][3]. - The "zero tariff" policy will expand from over 1,900 tax items to more than 6,600, increasing the proportion to 74% [8]. - The processing and value-added tax exemption policy will be optimized by removing restrictions on the main business income of encouraged industries [8]. Group 2: Trade Facilitation - The closure will create a customs supervision special area characterized by "one line" for free movement and "two lines" for controlled movement, allowing for more convenient trade with international markets [4][5]. - Eight open ports will allow eligible imported goods to be released directly, while ten "two-line" ports will implement various convenient measures for goods entering the mainland [9]. Group 3: Tourism and Consumption - The policy will enhance the tourism consumption environment, with expanded duty-free shopping options for residents and visitors [10][11]. - The construction of international cultural tourism projects will be accelerated, aiming to create a unique and influential tourism consumption scene [12][13]. Group 4: Development Goals - The full island closure is seen as a milestone in the construction of the free trade port, with a three-step plan for development leading to a mature system by 2035 [15][16].

Core Viewpoint - The official launch of the Hainan Free Trade Port's full island customs closure on December 18, 2025, marks a significant step in China's commitment to high-level openness and the establishment of an open world economy [3][12]. Group 1: Economic Impact - The "zero tariff" policy implemented in Hainan signifies its role as a model and driving force in the national reform and opening-up process, with the proportion of zero-tariff goods increasing from 21% to 74% [8]. - Approximately 6,600 tariff items will be included under the zero-tariff policy, covering nearly all production equipment and raw materials, potentially saving about 20% in tax costs for importing equipment [8]. - The processing and value-added tax exemption policy has been upgraded, removing restrictions on the income proportion of encouraged industries and expanding the range of imported materials [8]. Group 2: Business Opportunities - Hainan Hongyan Food Co., a company specializing in high-quality beef products, has expressed confidence in the historical significance of the customs closure and is increasing R&D investments to align new products with market demands [4][8]. - Jingrun Pearl Group, which imports high-end pearl materials, anticipates significant benefits from the zero-tariff policy on imported raw materials, allowing for more competitive pricing and increased market share [9]. Group 3: Implementation and Future Steps - As of December 10, 2025, 5,011 out of 7,080 entities have been approved for zero-tariff imports, with 136 pilot enterprises for the processing and value-added tax exemption policy [11]. - The central economic work conference emphasized the need for steady progress in institutional opening and the orderly expansion of service sector autonomy, which is crucial for the execution of policies post-customs closure [11]. - Future focus areas include establishing connections between the Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area, particularly through cross-sea projects [12].

Group 1 - Hainan Island officially becomes a customs supervision special area, marking the full implementation of a national strategy that has been in the works for over seven years [1] - The first batch of goods benefiting from processing and value-added tax exemptions is being processed, with companies like Hainan Weili Medical saving 900 yuan per ton on imported raw materials, enhancing their market competitiveness [1][3] - The scope of zero-tariff products has expanded from 1,900 to 6,600 tax items, increasing coverage from 21% to 74%, meaning over three-quarters of imported goods will enjoy tax exemptions [2] Group 2 - Companies are already taking advantage of the policy, with Hainan Weili Medical saving nearly 4 million yuan in tariffs since the pilot program began in 2023 [3] - Other companies, such as Hainan Zanbang Pharmaceutical, have also benefited from tax exemptions, with significant savings on imported materials and increased production value [3] - New business models are emerging, such as the tax-exempt maintenance of heavy diesel engines and medical devices, indicating a shift in trade management measures [4] Group 3 - Hainan Airlines has benefited from the zero-tariff policy, saving over 50 million yuan on imported aircraft materials, which has reduced operational costs and improved market competitiveness [5] - The establishment of a comprehensive risk prevention system and smart regulatory platforms ensures smooth operations and effective monitoring of the new customs environment [6][7] - Local residents are experiencing improved infrastructure and increased job opportunities due to the Free Trade Port's development, with foreign entrepreneurs expressing interest in establishing businesses in Hainan [8] Group 4 - Experts suggest that Hainan should focus on developing service trade opportunities, particularly in high-value sectors such as research and design, financial services, and digital services [9] - Hainan's strategic location within the RCEP region positions it as a key hub for connecting Chinese and ASEAN markets, enhancing its trade potential [10] - Recommendations include implementing attractive policies to attract headquarters of companies and facilitating cross-border service trade to boost economic growth [10]

Core Viewpoint - The official launch of the Hainan Free Trade Port marks a significant step towards creating a customs supervision special zone, aiming to enhance global trade and supply chain efficiency through unprecedented freedom in goods movement [2][9][14]. Group 1: Hainan's Unique Position - Hainan's full closure is expected to offer greater potential compared to Shenzhen, given its larger population and geographical area [4][5]. - Unlike Shenzhen, Hainan is not aiming to replicate its path but is embarking on a new experimental approach [6][5]. Group 2: Customs and Trade Policies - The "first line" of customs will allow unprecedented freedom for goods trade with the outside world, with most imported goods subject to zero tariffs [11]. - The "second line" will regulate the flow of goods between Hainan and the mainland to prevent unfair competition from low or zero tariff products [11][10]. Group 3: Tax Incentives and Economic Impact - Hainan's tax incentives include a reduced corporate income tax rate of 15% for qualifying industries and exemptions on personal income tax for high-end talent [29]. - The population structure and market potential in Hainan are favorable for economic growth, with a resident population of over 10 million as of 2024 [31]. Group 4: Manufacturing and Innovation Focus - The focus of Hainan's reforms is on manufacturing, with an emphasis on creating a global innovation chain hub rather than replicating Shenzhen's manufacturing rise [18][19]. - The expansion of zero-tariff products from 1,900 to over 6,600 tax items indicates a significant shift towards supporting high-tech manufacturing and research equipment [20][21]. Group 5: Infrastructure and Market Mechanisms - Hainan's geographical challenges are less significant today due to China's advanced infrastructure capabilities, allowing for the construction of necessary ports [32]. - The emphasis on respecting market mechanisms and fostering a robust entity economy is crucial for Hainan's success [32].

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 ...

Core Points - The official launch of the Hainan Free Trade Port's full island closure on December 18 marks a significant step in China's commitment to high-level opening-up and the construction of an open world economy [2][3][7] - The closure is designed to facilitate more efficient and smoother international exchanges while enhancing connections with the mainland [7][9] Policy Definition - The Hainan Island will be established as a special customs supervision area, characterized by "one line" being open, "two lines" being controlled, and free circulation within the island [5][6] - "One line" refers to the open trade between Hainan and foreign countries, allowing for more convenient import and export of goods, including zero-tariff items [6][10] - "Two lines" involves stricter controls on goods moving from Hainan to the mainland, primarily focusing on taxes and certifications [6][10] Policy Measures - The zero-tariff policy has been expanded from over 1,900 tax items to more than 6,600, increasing the proportion to 74% [10] - The policy now includes all enterprises and non-enterprise units on the island, allowing for free circulation of zero-tariff goods and their processed products [10] - Restrictions on the main business income of encouraged industries have been removed, and the value of Hainan's self-produced goods can now be counted towards the added value for tax exemptions [10] Trade Facilitation - The management of import licenses for 60 types of old machinery and electrical products has been canceled, covering sectors like medical, engineering, and agriculture [12] - 38 types of goods are now allowed for bonded maintenance in Hainan, achieving the highest level of openness in this area nationwide [12] - Eight open ports on the "one line" will facilitate the release of eligible imported goods, while ten "two line" ports will implement various convenient measures for goods entering the mainland [12] Tourism and Consumption - The scope of duty-free goods for outbound tourists has been expanded, allowing certain domestic products to be sold in duty-free shops [16] - Residents can purchase unlimited duty-free items within a year based on a single outbound record [16] - Policies are being researched to allow residents to buy some imported products duty-free [16] Future Development - The launch of the closure is seen as a milestone in the construction of the free trade port, marking the beginning of a new phase of opening and development [19] - The construction of the Hainan Free Trade Port is planned in three phases, with the first phase aiming for a preliminary establishment of a trade and investment liberalization system by 2025 [19] - By 2035, the system and operational model are expected to mature, leading to a comprehensive high-level free trade port by the middle of this century [19]

Core Viewpoint - The launch of the all-island customs closure in Hainan Free Trade Port on December 18 marks a significant step in China's commitment to high-level opening-up and the construction of an open world economy [1]. Group 1: Definition and Features of All-Island Customs Closure - The all-island customs closure defines Hainan Island as a special customs supervision area, implementing a policy characterized by "one line" being open, "two lines" being controlled, and free movement within the island [2]. - The "one line" refers to the more liberal and convenient movement of goods between Hainan and foreign countries, allowing for the release of eligible "zero tariff" goods [2]. - The "two lines" control the taxes and certificates for goods moving between Hainan and the mainland, ensuring that the "one line" open goods are managed appropriately [2]. Group 2: Impact on Tourism and Trade - The customs closure does not require additional permits for travel to Hainan, maintaining the same regulations for personnel and goods as before [4]. - The "zero tariff" policy has expanded from over 1,900 tax items to more than 6,600, increasing the proportion to 74%, benefiting all enterprises and non-enterprise units on the island [6]. - The policy allows for the free circulation of "zero tariff" goods and their processed products among eligible entities, optimizing the processing and value-added tax exemption policies [6]. Group 3: Future Policy Enhancements - The policy benefits will continue to be released, with plans to expand the range of duty-free goods available to residents and tourists [9]. - Research is underway on tax policies for imported goods for island residents, allowing for tax-free purchases of certain imported products [10]. - Hainan has implemented the most favorable visa exemption policies in the country, allowing for visa-free entry for citizens from 86 countries [10]. Group 4: Development Goals - The all-island customs closure is a milestone in the construction of the free trade port, marking the beginning of a new phase of open development [14]. - The construction of Hainan Free Trade Port is planned in three phases, with the first phase aiming to establish a policy system focused on trade and investment freedom by 2025 [15]. - The second phase aims for a mature system and operational model by 2035, while the final phase targets the establishment of a high-level free trade port with significant international influence by the middle of this century [15].