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 Insights - Hainan Island officially opens as a free trade port, marking a significant shift in China's economic landscape and its integration with the global economy [1][10][29] - The transformation is characterized by a policy of "one line open, one line controlled, and free movement within the island," creating a unique economic environment [2][5] Policy Framework - The new framework includes "zero tariffs, low tax rates, and simplified tax systems," drawing inspiration from international free trade ports while incorporating distinct Chinese characteristics [3][13] - The zero tariff policy now covers 74% of imported goods, significantly increasing from 21%, allowing most products to enter Hainan without customs duties [12][21] Economic Impact - For consumers, the zero tariff policy is expected to lower prices of imported goods, with a notable increase in duty-free shopping, which surged by 27.1% year-on-year to 2.38 billion yuan in November 2025 [4][15] - Businesses in encouraged sectors like biomedicine and high-end manufacturing will benefit from a 15% corporate tax rate, which is 10 percentage points lower than the national standard, enhancing their competitive edge [4][18] Market Dynamics - The opening of Hainan as a free trade port is anticipated to reshape the retail landscape, with traditional retailers facing challenges from the influx of duty-free goods [16][17] - The competitive environment will force businesses to adapt, either by collaborating with Hainan's operators or by enhancing their own service offerings [17][18] Regional and Global Implications - Hainan's emergence as a free trade hub is likely to alter China's foreign trade dynamics, positioning it as a key player alongside established ports like Shanghai and Shenzhen [21][23] - The policies may attract investment and talent from mainland China, creating a competitive pressure on traditional industries in other regions [23][24] Challenges Ahead - The transition to a free trade port will not be without difficulties, as traditional manufacturing sectors may struggle against the advantages offered to Hainan-based companies [19][28] - Regulatory challenges will persist, as Hainan must balance its appeal as an investment destination with the need to avoid becoming a tax haven [28][30]

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].

12月18日，海南自由贸易港正式启动全岛封关运作。全岛封关运作是海南自贸港建设的标志性工程。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。 "'一线'放开"，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"，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"，是在海南自贸港内，各类要素可以相对自由流通。 封关不是封岛，而是进一步扩大开放，封关更有利于海南聚集全球要素、配置全球资源，与世界共享发 展机遇。对于此次封关运作，各方怎么看？本报记者进行了采访。 加拿大侨商、加绿巧食品制造业(海南)有限公司董事长孟新力： "长期投资的决心更加坚定" 本报记者严瑜 加快产品研发、布局销售市场、计划设立海外仓……近期，加拿大侨商、加绿巧食品制造业(海南)有限 公司董事长孟新力的生意格外忙碌。"封关后，'一线'放开，我们的原料进口和产品出口更加便利高 效。"孟新力表示，公司正在积极布局，准备充分利用这一政策红利。 加绿巧公司是加拿大绿色巧克力工厂有限 ...

来源：第一财经日报 视觉中国图 12月18日起，海南自由贸易港正式启动全岛封关，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。"一线"放开，就是将海南自由贸易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；岛内自由，就是在海南自由贸易港内，各类要素可以相对 自由流通。图为12月17日，海南省博物馆，悬挂着封关运作的标语。 ...

Core Points - The article discusses the official launch of the Hainan Free Trade Port's full island closure on December 18, 2025, marking a significant milestone in China's efforts to expand its openness and enhance the development of the Hainan Free Trade Port [1]. Group 1: Full Island Closure - "Full island closure" refers to establishing Hainan Island as a special customs supervision area, implementing a policy characterized by "one line open, one line managed, and free movement within the island" [2]. - The "one line open" policy allows for a series of free and convenient measures for goods entering and exiting between Hainan and other countries and regions [4]. - The "two lines managed" policy involves precise management of goods entering the mainland from Hainan, with ten designated ports facilitating smooth passage for eligible goods [6]. Group 2: Trade and Tax Benefits - The full island closure is not equivalent to an island lockdown; instead, it aims to further open up to the outside world, attract global resources, and promote high-quality development of the Hainan Free Trade Port [9]. - The "zero tariff" policy will apply to 6,600 categories of goods, covering approximately 74% of all product categories, representing a 53 percentage point increase from before the closure [14]. - Enterprises can benefit from a reduced corporate income tax rate of 15% if they meet specific criteria, including operating in encouraged industries listed in the Hainan Free Trade Port's directory [18][21]. Group 3: Consumer and Resident Benefits - Residents will not need additional permits to travel to Hainan after the full island closure [11]. - The upgraded duty-free shopping policy allows island residents to purchase duty-free items without limit after one departure from the island within a calendar year [13]. - The policy changes also include the expansion of duty-free product categories, which now encompass nearly all production equipment and raw materials, potentially saving import equipment companies about 20% in costs [17].

Group 1 - The core viewpoint emphasizes the opening arrangements for certain prohibited and restricted import goods in the "first-line" import direction [3] - The implementation of more convenient passage measures includes using eight existing open ports as "first-line" ports for eligible import goods and establishing ten "second-line" ports with innovative passage measures for goods entering the mainland [4] - A more efficient and precise regulatory model will be adopted for "zero tariff" goods and those with relaxed trade management measures, ensuring smooth implementation of various open policies [5] Group 2 - The annual duty-free allowance for individuals remains at 100,000 yuan, and high-demand talent will have personal income tax exemptions on amounts exceeding 15% until the end of 2027 [6] - The direction of expanding openness remains unchanged, with the "closure" not being a form of isolation but rather a means to better "open up" by forming a special regulatory area that integrates Hainan more closely into the global economic system [7] - The commitment to maintaining safety standards remains firm, with risk prevention measures in place during the implementation of the closure policy to ensure the correct and healthy development of Hainan's free trade port construction [8] Group 3 - The closure refers to establishing Hainan Island as a special customs supervision area, implementing a policy characterized by "first-line" openness, "second-line" management, and free movement within the island [9] - The "second-line" management will focus on precise management of the content released in the "first-line" to regulate the trade between Hainan's free trade port and the mainland [10]

Group 1: Zero Tariff Policy - The proportion of "zero tariff" goods for "first-line" imports will increase from 21% to 74%, allowing tax-free circulation among beneficiaries on the island, with goods processed and valued at 30% exempt from tariffs when sold to the mainland [1] Group 2: Trade Management Measures - Open arrangements will be made for certain currently prohibited and restricted import goods in the "first-line" import direction [2] Group 3: Travel and Business Operations - Most goods, as well as all personnel, items, and transportation tools entering and exiting Hainan Island, will continue to be managed according to existing regulations, with no changes before or after the closure [3] Group 4: Duty-Free and Tax Incentives - The duty-free allowance for leaving the island remains at 100,000 yuan per person per year, and high-end talent will have personal income tax exemptions on amounts exceeding 15% until the end of 2027 [4] Group 5: Direction of Opening Up - The direction of expanding openness remains unchanged, with more convenient passage measures [5] Group 6: Port Operations - Eight existing open ports on the island will serve as "first-line" ports, allowing eligible imported goods to be released, while ten "second-line" ports will be established to facilitate innovative and convenient passage for goods entering the mainland [7] Group 7: Regulatory Model - A low-intervention, high-efficiency regulatory model will be implemented for "zero tariff" goods and relaxed trade management measures to ensure the smooth implementation of various open policies [8] Group 8: Concept of Closure - The term "closure" does not imply isolation but rather aims to enhance openness by creating a special regulatory area that integrates Hainan more closely into the global economic system [9] Group 9: Safety and Risk Management - During the implementation of the closure policy, there will be a consistent focus on preventing major risks to ensure the correct and healthy development of Hainan's free trade port construction [10] Group 10: Customs Regulation - The closure policy will establish Hainan Island as a special customs supervision area, characterized by "first-line" openness, "second-line" management, and internal freedom [11] Group 11: Management of Second-Line - The area between Hainan Free Trade Port and the mainland will be treated as a "second-line," implementing precise management for the contents opened in the "first-line" [12] Group 12: Management of First-Line - The area between Hainan Free Trade Port and other countries and regions outside China's borders will be treated as a "first-line," implementing a series of free and convenient entry and exit measures [13]

国台办：海南自贸港将给台商台企带来更多机遇和利好 中新网12月17日电 国务院台办17日举行例行新闻发布会。会上，有记者问：12月18日，海南自贸港将 正式启动全岛封关运作，这是大陆坚定不移扩大高水平对外开放、推动建设开放型世界经济的标志性举 措，受到台商台企高度关注。请问将给台商台企带来哪些机遇和利好？ 发言人朱凤莲表示，2025年12月18日起，海南自由贸易港将正式启动全岛封关运作。这是大陆坚定不移 扩大高水平对外开放、推动建设开放型世界经济的标志性举措。 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 封关后，海南自贸港将全面实施"一线放开、二线管住、岛内自由"的特殊监管模式，以"零关税、低税 率、简税制"为核心的税收优惠政策将充分释放红利，既能降低企业生产成本，增强发展活力，又能提 升消费供给质量，打造国际旅游消费中心。同时，贸易管理更加宽松便利，监管模式更加精准高效，一 系列涉及贸易自由、投资便利、金融开放等方面 ...

央视网消息：海南省人民政府12月16日发布通告，自2025年12月18日起，海南自由贸易港正式启动全岛封关。包括自贸港货物进出"一线""二 线"及在岛内流通税收政策、进口征税商品目录等系列文件，将自正式启动全岛封关之日起施行。 封关：将海南全岛建成海关监管特殊区域 "画"说封关："一线"怎么放？"二线"怎么管？ "一线"放开、"二线"管住、岛内自由是海南自贸港封关运作的基本特征。到底什么是"一线"放开？"二线"管住管的是什么？封关将对海南岛内 外产生怎样的影响？跟随海南师范大学的一名老师，一起用漫画的形式来把这些关键概念搞清楚。 这是海南岛。这是"一线"，指的是海南自贸港和我国关境外的其他国家和地区之间。这是"二线"，指的是海南自贸港和内地之间。海南自贸港 封关的核心就是："一线"放开，"二线"管住，岛内自由。 "一线"放开，放什么？6600多种货物可以免关税进入海南岛，海南岛上建设了8个对外开放口岸，既有空港也有海港。 海南自由贸易港将于12月18日正式启动全岛封关运作，这是我国坚定不移扩大高水平对外开放、推动建设开放型世界经济的标志性举措。 所谓封关，就是指将海南岛全岛建成一个海关监管特殊区域，实施以"一 ...