Core Viewpoint - The Hainan Free Trade Port is set to officially start its closure operation on December 18, 2025, following five years of construction and the establishment of a preliminary policy system [1] Group 1: Tax Policy Changes - After the closure, independent legal entities registered in Hainan Free Trade Port will be exempt from import taxes on goods outside the taxable item catalog [1] - The range of "zero tariff" goods will expand significantly from 1,900 to approximately 6,600 tax items, covering about 74% of all goods, an increase of nearly 53 percentage points compared to before the closure [2] - The threshold for the processing value-added goods to be exempt from tariffs has been lowered, allowing more enterprises to benefit from the policy [2] Group 2: Ongoing Tax Reforms - The Ministry of Finance has introduced multiple tax policies, including duty-free shopping for outbound tourists and preferential corporate and personal income tax rates [3] - The Ministry will continue to implement existing tax incentives to attract high-end talent and quality enterprises to Hainan [4] - The Ministry plans to actively research tax policies for imported goods consumed by local residents, allowing for duty-free purchases of certain imported products [4]

Core Viewpoint - The Hainan Free Trade Port will officially start its closure operation on December 18, with a focus on implementing a competitive tax system to support its development [1][3]. Tax Reform Measures - The Ministry of Finance will implement a step-by-step approach to tax reforms, including zero tariffs, low tax rates, and simplified tax systems, as outlined in the overall plan for Hainan Free Trade Port construction [1][3]. - Current preferential policies for corporate income tax and personal income tax will be maintained to attract high-end talent and quality enterprises to Hainan [3][4]. Expansion of Tax Policies - The range of zero-tariff goods will be expanded, and the list of taxable imported goods will be adjusted as needed [4]. - The duty-free shopping policy for outbound island residents will continue, with adjustments made to meet diverse consumer shopping needs [4]. Consumer Tax Policies - Research will be conducted on tax policies for imported goods consumed by residents on the island, with plans to allow tax-free purchases of certain imported products [4]. - The reform of sales tax, which includes the consolidation of various taxes such as value-added tax and consumption tax, will be advanced steadily and systematically [4].

Core Viewpoint - The Hainan Free Trade Port is set to officially start its customs closure on December 18, 2025, implementing more favorable "zero tariff" policies for imported goods, significantly expanding the range of goods eligible for these benefits [2]. Group 1: Policy Developments - The central government has approved the establishment of a policy system for the Hainan Free Trade Port, which has been progressively developed over the past five years [2]. - The "zero tariff" policy will increase the proportion of eligible imported goods from 21% to 74% after the customs closure [2]. Group 2: Processing and Value-Added Policies - The processing and value-added tax exemption policy has been a significant initiative, with 122 enterprises registered for this policy, resulting in approximately 100.3 billion yuan in internal sales and 8.4 billion yuan in tax exemptions over four years [3]. - The policy allows goods processed in Hainan with over 30% value added to be exempt from import duties when sold to the mainland [3][4]. Group 3: Policy Optimizations - The new policy will lower the threshold for enterprises to benefit, removing the requirement that 60% of total revenue must come from encouraged industries [4]. - The range of eligible imported materials will be expanded to include "zero tariff" goods, enhancing the policy's applicability [4]. - The calculation formula for value-added will be optimized to include the value of locally produced goods, making it easier for enterprises to meet the 30% value-added requirement [4]. - The cumulative value-added calculation will be expanded to allow for value addition across different enterprises, promoting industry chain development [4][5]. Group 4: Overall Impact - The overall adjustments to the processing and value-added policies are expected to lower the barriers for enterprises, broaden the scope of beneficiaries, and better meet the production needs of local businesses, fostering the development of industrial chains and clusters [5].

Core Viewpoint - The Hainan Free Trade Port is experiencing significant growth in foreign investment and trade, with preparations for its operational closure in place [1] Investment and Economic Growth - Hainan Free Trade Port has attracted actual foreign investment of 102.5 billion yuan, with an average annual growth rate of 14.6% [1] - The region has seen foreign direct investment of 9.78 billion USD, with an impressive average annual growth rate of 97% [1] - A total of 8,098 new foreign-funded enterprises have been established, reflecting an average annual growth of 43.7% [1] Trade Performance - Goods trade and service trade have experienced average annual growth rates of 31.3% and 32.3%, respectively [1] - The economic openness of Hainan has increased, with investments from 176 countries and regions, raising the economic external degree to 35% [1] Visa Policy - Hainan boasts the most favorable visa exemption policy in the country, allowing visa-free entry for citizens from 85 countries [1]

Core Viewpoint - The establishment of a "zero tariff" policy in Hainan Free Trade Port marks a significant step towards trade liberalization and facilitation, with a comprehensive tax policy framework set to be implemented upon the port's closure [1][2]. Group 1: Tax Policy Changes - The new tax policy will implement a "zero tariff" system as the core of the goods trade liberalization, integrating existing "zero tariff" policies into a new framework [1]. - The policy includes three main components: exemption from import taxes for goods outside the import tax list for registered independent legal entities and qualifying organizations, free circulation of "zero tariff" goods and their processed products within the island, and exemption from import duties for goods produced by encouraged industries with over 30% value addition when entering the mainland [1]. Group 2: Policy Enhancements - The coverage of "zero tariff" goods will significantly increase from 1,900 to approximately 6,600 tax items, representing 74% of all goods, with a shift to a negative list management approach [2]. - The beneficiaries of the policy will expand from only registered independent legal entities and institutions to include all entities with actual import needs across the island [2]. - Restrictions on the policy will be relaxed, allowing "zero tariff" goods and their processed products to circulate freely among beneficiaries without the need to pay import taxes, enhancing the competitiveness of the local industry and promoting industrial clusters [2]. Group 3: Implementation and Future Outlook - The Ministry of Finance will monitor the implementation of these policies and make adjustments based on market feedback, collaborating with the Hainan provincial government to enhance services and management [2]. - Previous "zero tariff" policies on raw materials, transportation tools, and self-use production equipment have laid a foundation for the new system, contributing to a higher level of openness for Hainan Free Trade Port [2].

Core Viewpoint - The establishment of the Hainan Free Trade Port is set to officially commence on December 18, 2025, aiming to enhance openness and promote high-quality development, with a focus on facilitating international and domestic exchanges [1]. Group 1: Policy Measures - The current closure policy measures can be summarized as "Four More": 1. Implementation of a more favorable "zero tariff" policy for goods, increasing the proportion of "zero tariff" items from 21% to 74% for "first-line" imports [2]. 2. More relaxed trade management measures, allowing for open arrangements for certain prohibited and restricted imports [2]. 3. More convenient passage measures, utilizing eight existing open ports as "first-line" ports and establishing ten "second-line" ports for innovative passage measures [2]. 4. More efficient and precise regulatory models, ensuring low intervention and high efficiency for "zero tariff" goods and relaxed trade management goods [2]. Group 2: Key Features of the Free Trade Port - The key features of the Hainan Free Trade Port can be summarized as "4, 3, 2, 1": - "4" refers to the convenience of the flow of people, goods, capital, and data, with 85 countries' personnel eligible for visa-free entry [3]. - "3" indicates accelerated openness in goods trade, service trade, and investment, with the highest level of foreign investment access in the country [3]. - "2" highlights increased tax incentives for enterprises and individuals, with tax reductions exceeding 310 billion yuan for enterprises and 170 billion yuan for individuals [3]. - "1" signifies the continuous improvement of legal guarantees based on the Hainan Free Trade Port Law, with over 40 supporting regulations established [4]. Group 3: Import and Export Regulations - The Ministry of Commerce has developed a comprehensive list of prohibited and restricted import and export goods, clarifying management boundaries for businesses [5]. - The list cancels import licenses for 60 old mechanical and electrical product codes, covering about 80% of products under import license management, meeting the production needs of Hainan enterprises [5].

Group 1 - The core viewpoint emphasizes the importance of Hainan Free Trade Port as a significant gateway for China's new era of opening up, with a focus on deepening reforms and implementing core policies [1][6]. - This year marks the operational year for Hainan Free Trade Port, aiming to transition to substantial operational phases [1][6]. Group 2 - The State Council has announced the implementation of the "Housing Rental Regulations," which will take effect on September 15, 2025 [2][8]. - The regulations are expected to impact the housing rental market significantly, promoting better management and standards in the sector [2][8]. Group 3 - The completion of the sixth round of inspections by the 20th Central Committee indicates a focus on improving governance and accountability within various regions [3][9]. - The inspections aim to ensure adherence to central regulations and enhance the effectiveness of local governance [3][9]. Group 4 - During the "14th Five-Year Plan" period, China has established the world's largest high-speed railway network, highway network, and postal express network, showcasing significant advancements in transportation infrastructure [4][11]. - These developments are part of a broader strategy to enhance connectivity and support economic growth [4][11]. Group 5 - The online retail sales in China increased by 8.5% in the first half of the year, indicating stable growth in the e-commerce sector [13]. - The growth is attributed to the rising demand for quality goods and services, as well as the popularity of online platforms [13]. Group 6 - The implementation of the first national standard for campus meal services is set for December 2025, aiming to improve food safety and quality for students [16]. - This standard will regulate various aspects of meal preparation and delivery in educational institutions [16]. Group 7 - The report indicates that China's internet user base has reached 1.123 billion, with an internet penetration rate of 79.7%, reflecting the rapid growth of digital infrastructure [17]. - The expansion of 5G coverage and internet medical services is also highlighted, indicating advancements in technology and healthcare accessibility [17]. Group 8 - The "Silk Road Maritime" container throughput exceeded 2.6395 million TEUs in the first half of the year, marking a 28.55% increase compared to the same period last year [17]. - Fujian Province accounted for 46.7% of the total throughput, leading the national figures [17].

智通财经7月21日电，国务院新闻办公室将于2025年7月23日（星期三）上午10时举行新闻发布会，请国 家发展改革委副主任王昌林、财政部副部长廖岷、商务部部长助理袁晓明、海关总署副署长王令浚和海 南省委书记、省人大常委会主任冯飞，海南省委副书记、省长刘小明介绍海南自由贸易港建设有关情 况，并答记者问。 预告：国新办7月23日举行新闻发布会 介绍海南自由贸易港建设有关情况 ...

Group 1: Port Capacity and Operations - The annual design capacity of Haikou New Port passenger hub is 35 million passengers and 5.6 million vehicles [2] - The combined throughput capacity of Haikou New Port and Xiuying Port has significant room for growth compared to current operational volumes [2] - The company plans to increase capacity by adding flat-deck barges and new roll-on/roll-off vessels, as well as opening new routes to alleviate pressure on the Haikou to Hai'an route [2] Group 2: Pricing and Revenue Strategies - The ticket price for the Haikou to Hai'an route has remained unchanged in recent years [3] - Future revenue enhancement will focus on providing port and route value-added services and strengthening commercial operations at the new passenger hub [3] Group 3: Strategic Acquisitions and Synergies - The acquisition of Xuwen Port will enable unified scheduling and management of ports on both sides of the Qiongzhou Strait, improving vessel turnaround and operational efficiency [4] - The integration of shipping resources in the Qiongzhou Strait increased the fleet from 15 to 47 vessels by the end of 2021 [5] Group 4: Future Opportunities and Market Position - The implementation of the Hainan Free Trade Port policy is expected to lower operational costs and attract more investors, leading to increased passenger and vehicle traffic [6][7] - The company holds approximately 80% market share in the Qiongzhou Strait roll-on/roll-off transport market and about 40% in the Bohai Bay market [7] Group 5: Capital Expenditure and Competitiveness - The company plans to invest in the construction of two new roll-on/roll-off vessels to replace aging ships [7] - Compared to competitors, the company has a higher average vessel age and lower operational efficiency, but aims to improve profitability through capacity upgrades and enhanced management practices [7]

Group 1: Core Activities and Initiatives - The celebration of the 104th anniversary of the Communist Party of China is marked by various activities such as seminars and themed party days, aimed at promoting high-quality development through high-quality party building [2] - The county has implemented three major measures: cultivating advanced models, innovating learning methods, and deepening community service to enhance the capabilities of party members and officials [2][5] - The county aims to create a "double first-class" cadre team by promoting exemplary models and encouraging a competitive atmosphere among party members [5] Group 2: Economic Development and Community Engagement - In Gao Tang Village, the collective income increased by 110,000 yuan last year, with an expected increase of 230,000 yuan this year, driven by the cultivation of popular flower varieties [3][4] - A new environmentally friendly particle production project is set to begin in the village, with an investment of over 7 million yuan, expected to produce 200 to 300 cubic meters of particles daily [4] - The county is focusing on establishing rural revitalization demonstration points by the end of the year, promoting successful models for community development [5] Group 3: Educational and Cultural Initiatives - The county has innovated its patriotic education approach by incorporating various formats such as poetry recitation and storytelling to engage children more effectively [6][7] - A "Five Olds" lecture group has been formed, leveraging retired professionals to enhance the quality of educational outreach [7] - The county promotes a culture of learning and policy understanding among officials through various initiatives, including thematic speeches and community engagement activities [8] Group 4: Infrastructure and Public Services - The renovation of the Pai Po Bridge is underway to address safety concerns, with 40% of the work completed and expected to finish by September [9] - The county has repaired multiple roads and installed over 300 streetlights to improve community safety and accessibility [9][10] - A total of 563 community issues have been collected and 559 resolved, demonstrating the county's commitment to addressing public concerns [10]