针对民营经济发展中存在的融资难融资贵、制度性交易成本较大等问题，《若干规定》进一步完善相关 支持措施。要求加强土地要素供给，提高供地效率，推动实行产业链供地；强化金融支持，规定县级以 上人民政府及其有关部门应当建立健全政府性融资担保体系，强调金融机构在担保、授信、信贷管理、 风控管理、服务收费等方面应当平等对待民营经济组织。 为促进政府履约践诺，《若干规定》要求县级以上人民政府及其有关部门将合法性审查作为政府作出招 商引资承诺的前置程序；履行依法向民营经济组织作出的政策承诺和与民营经济组织订立的合同，不得 以行政区划调整、政府换届、机构或者职能调整以及相关人员更替等为由违约、毁约；通过加强预算管 理、跟踪审计、绩效考核、严格责任追究等措施，防止和纠正拖欠民营经济组织账款行为。 民营经济是推动海南自贸港发展不可或缺的力量。截至2025年6月底，海南省实有民营经营主体360.44 万户，占全省经营主体的97.54%，其中民营企业93.72万户。全省民营经济组织贡献了近60%的GDP， 近90%的就业岗位。 《若干规定》由海南省第七届人民代表大会常务委员会第十九次会议于7月30日通过，自公布之日起施 行。 《若干规 ...

中新社海口8月3日电 (记者王子谦)《海南自由贸易港促进民营经济发展若干规定》(简称《若干规 定》)3日公布。《若干规定》为更好发挥民营经济在海南自贸港建设中的生力军作用、推动民营经济在 海南自贸港建设中大显身手提供坚实法治支撑。 《若干规定》由海南省第七届人民代表大会常务委员会第十九次会议于7月30日通过，自公布之日起施 行。 （文章来源：中国新闻网） 《若干规定》明确，海南自贸港实行市场准入负面清单制度，市场准入负面清单以外的领域，包括民营 经济组织在内的各类经济组织可以依法平等进入。县级以上人民政府及其有关部门不得以备案、注册、 年检、认定、认证、指定、要求设立分公司等形式设定或者变相设定准入障碍。 《若干规定》支持民营经济组织依法参与海南自贸港旅游业、现代服务业、高新技术产业以及热带特色 高效农业等重点产业发展，依法参与重点项目建设和海南自贸港放宽市场准入特别措施领域的项目建 设，保障民营经济组织依法平等享受所得税优惠、"零关税"、加工增值货物内销免征关税等海南自贸港 核心政策。 民营经济是推动海南自贸港发展不可或缺的力量。截至2025年6月底，海南省实有民营经营主体360.44 万户，占全省经营主体 ...

发展是民生改善的前提，需以高质量发展增进民生福祉。补足民生短板，回应民生诉求，归根结底 需要依靠经济发展成果提供物质保障。高质量发展能够精准有力破解群众急难愁盼问题，稳稳托起群众 获得感。因此，要坚持以发展的思维来保障和改善民生，一方面，加快构建具有海南特色和优势的现代 化产业体系，发力"五向图强"，因地制宜打造新质生产力重要实践地，加快推进自贸港核心政策落地见 效，做好离岛免税、医疗、教育"三篇消费文章"等，做大经济发展"蛋糕"，为持续保障和改善民生奠定 坚实的物质基础;另一方面，在幼有所育、学有所教、劳有所得、病有所医、老有所养、住有所居、弱 有所扶上持续用力，着力解决人民群众最关心最直接最现实的利益问题，持续推动发展成果转化为群众 生活品质，擦亮自贸港高质量发展成色。 海南日报评论员 抓民生也是抓发展，需以民生改善激发高质量发展内生动力。民生需求在哪里，抓发展的着力点就 在哪里。从扩大就业千方百计提高居民收入水平，到织密织牢社会保障网，推动教育资源扩优提质，增 强医疗服务能力，实施"城市更新"行动等，带动上下游产业需求扩大，再到优化营商环境激发市场活 力……民生领域蕴藏着巨大的消费潜力和发展机遇。持续改 ...

Core Viewpoint - Danzhou Yangpu has achieved significant success in attracting foreign investment in the first half of this year, with actual foreign investment reaching 2.595 billion yuan, a 16% increase compared to the same period last year [1] Group 1: Foreign Investment Performance - Actual foreign investment in Danzhou Yangpu reached 2.595 billion yuan, marking a 16% year-on-year growth [1] - The region has effectively utilized policy advantages since the launch of the Hainan Free Trade Port construction [1] Group 2: Policy Advantages - Danzhou Yangpu benefits from the Free Trade Port's "zero tariffs, low tax rates, and simplified tax system" [1] - Unique policies such as "processing with value-added duty exemption" and "China Yangpu Port" as a registered port have created a competitive investment environment [1] Group 3: Industry Focus - The region focuses on key industries such as petrochemical new materials, shipping logistics, and international trade [1] - Efforts to improve industrial chain layout and conduct targeted investment promotion have led to an industrial agglomeration effect [1]

Core Insights - Danzhou Yangpu achieved significant success in attracting foreign investment, with actual utilized foreign capital reaching 2.595 billion yuan, representing a 16% increase compared to the same period last year [1][2]. Group 1: Foreign Investment Performance - The actual utilized foreign capital in Danzhou Yangpu for the first half of the year was 2.595 billion yuan, marking a 16% year-on-year growth [1][2]. - The region has effectively leveraged policy advantages since the launch of the Hainan Free Trade Port, positioning itself as a core development area [2]. Group 2: Policy and Development Strategies - Danzhou Yangpu has utilized the "zero tariff, low tax rate, and simplified tax system" policies to create a competitive investment environment [2]. - The area has focused on key industries such as petrochemical new materials, shipping logistics, and international trade, enhancing its industrial chain layout and conducting targeted investment promotion [2].

而今，海南自贸港建设进入成型起势、即将全岛封关运作的新阶段，民生工作也迎来了新的机遇与 挑战。在此关键时期，我们必须时刻牢记总书记的殷殷嘱托，站在坚定捍卫"两个确立"、坚决做到"两 个维护"的政治高度，将为民造福视作最重要的政绩，把保障和改善民生牢牢记在心上、时时抓在手 上，多推出一些民生所急、民心所向的改革举措，多办一些惠民生、暖民心、顺民意的实事，不断增强 人民群众获得感、幸福感、安全感。 将为民造福作为最重要的政绩，要始终坚持以人民为中心的发展思想，把人民对美好生活的向往作 为矢志不渝的奋斗目标。为民造福从来不是抽象的口号，而是与人民群众切身利益紧密相连的实践课 题。因此，在推进自贸港建设中，要想群众之所想、急群众之所急，尽力而为、量力而行，解决好养 老、社区医疗服务、城市供排水等领域群众普遍关注、反映强烈的突出问题，切实维护好群众的切身利 益，激发群众积极投身自贸港建设的热情，共同创造更加美好的生活。 把为民造福当作最重要的政绩，要不断磨砺过硬的工作能力与作风。"脚下沾有多少泥土，心中就 沉淀多少真情"，民生工作的成效，既取决于能力素养的厚度，更源于对群众的感情温度。在自贸港建 设中，要增强做好民生工 ...

Core Viewpoint - The company forecasts a decline in revenue and net profit for the first half of 2025, with total revenue expected to be 28.15 billion, down 10% year-on-year, and net profit of 2.6 billion, down 26% year-on-year, indicating underperformance in Q2 2025 [1][2]. Group 1: Performance Overview - The company anticipates Q2 2025 revenue of 11.4 billion, a decrease of 8.5% year-on-year, and a net profit of 660 million, down 32.2% year-on-year, which is below expectations [1]. - Revenue decline in Q2 is slightly less severe compared to Q1, which saw a year-on-year decline of 11% [1]. - The recovery of airport duty-free store revenue is ongoing, supported by the resurgence of inbound and outbound tourism [2]. Group 2: Market Trends and Future Outlook - From late June, cross-border flight frequencies have recovered to over 80% of the levels seen in the same period in 2019, suggesting continued improvement in airport duty-free business for H2 [2]. - The company has strengthened its market position in Hainan, with a nearly 1 percentage point increase in market share year-on-year, and expects a positive trend to continue in the second half of the year [2]. - The opening of new duty-free stores and the introduction of tax refund services in Sanya International Duty-Free City are expected to enhance the company's operational layout [2]. Group 3: Long-term Prospects - The Hainan Free Trade Port is set to officially close on December 18, 2025, which is expected to boost local economic vitality and enhance the positioning of Hainan as an international tourism island, benefiting the company's operations in Hainan [2]. - The company has revised its profit forecasts downward for 2025-2027, expecting net profits of 4.52 billion, 5.14 billion, and 5.67 billion, representing year-on-year growth of 6%, 13.7%, and 10.4% respectively [2]. - The current stock price corresponds to H-share P/E ratios of 24x, 21x, and 19x for the years 2025, 2026, and 2027, respectively, indicating potential for expansion as the Hainan Free Trade Port develops [2].

Group 1 - The core viewpoint emphasizes the importance of secure and orderly data flow in the development of global digital trade, which is a key task in the construction of Hainan Free Trade Port [1] - Hainan Telecom, as a leading central enterprise, is taking on the responsibility of accelerating the construction of digital information infrastructure in Hainan Free Trade Port, contributing to the development of an information highway for economic and social growth [1] - The construction of Hainan Free Trade Port provides a collaborative platform for central enterprises, allowing companies like Hainan Telecom to leverage policy and development opportunities while playing a strategic supporting role in the port's construction [1] Group 2 - The digital information infrastructure construction is centered around cloud-network integration, with a focus on achieving a unified approach across the province and island [1] - Hainan Telecom is expanding 5G industry applications and exploring various scenarios such as gaming, data processing, cross-border film and television, live streaming, and data circulation regulation [1] - The establishment of international information parks in Haikou and Sanya, along with the creation of a data product supermarket, showcases Hainan's model for promoting data elements and enhancing the port's influence [1]

Core Viewpoint - The Haikou Overseas Students Entrepreneurship Park, operational since March 2022, is fostering international talent in Hainan Free Trade Port through a "government guidance, market operation" model [2]. Group 1 - The entrepreneurship park has attracted over 200 returnee students, contributing to the employment of more than 600 individuals [2]. - The park has been recognized as a "National Offshore Innovation and Entrepreneurship Base for Overseas Talents" and a "National-level Technology Business Incubator" [2].

Group 1: Capital Market Developments - The China Securities Regulatory Commission (CSRC) emphasized the importance of stabilizing the capital market and reforming it to enhance market vitality, focusing on three main tasks: consolidating market recovery, deepening reforms, and promoting long-term capital inflow [1][9] - The CSRC highlighted the need for a stable and healthy market environment, supported by the certainty of high-quality economic development and asset valuation recovery [1][9] Group 2: Hainan Free Trade Port - The Hainan Free Trade Port is set to officially start its closure operations on December 18, 2025, with a focus on implementing zero-tariff policies and optimizing tax arrangements to support diverse consumer needs [1][7] - The government plans to continue the duty-free shopping policy for Hainan, adjusting it to meet the evolving shopping demands of consumers [1][7] Group 3: Price Law Revisions - The National Development and Reform Commission (NDRC) released a draft amendment to the Price Law, aiming to improve government pricing regulations and clarify standards for identifying unfair pricing behaviors, including low-price dumping [2][8] - The draft also seeks to enhance legal responsibilities for price violations, increasing penalties for non-compliance with pricing regulations [2][8] Group 4: Fiscal Policy Updates - The Ministry of Finance announced the allocation of 69 billion yuan in special long-term bonds to support the "old for new" consumption initiative, with additional funds to be distributed in October [2][10] - The fiscal measures aim to stimulate consumption and support economic recovery [2][10] Group 5: Energy Efficiency and Carbon Emission Regulations - The NDRC introduced new guidelines for energy efficiency reviews and carbon emission evaluations for fixed asset investment projects, establishing a dynamic adjustment mechanism for energy review authority [2][10][11] - Projects with significant energy consumption will undergo comprehensive reviews to ensure compliance with energy-saving and carbon reduction goals [2][10][11]