Core Points - The State Council announced that the full island closure operation of Hainan Free Trade Port will officially start on December 18, 2025, following approval from the Central Committee [2][4] - The construction of Hainan Free Trade Port has entered a new stage, with significant achievements and a preliminary policy system established over the past five years [4][10] - Various government departments are actively preparing for the closure operation, focusing on policy implementation, market access, and investment facilitation [5][6][9] Group 1: Policy and Development - Over 200 supporting policy documents have been formulated since the release of the overall plan for Hainan Free Trade Port, many of which are pioneering [4] - The provincial government aims to enhance the investment liberalization and facilitation level by reducing the negative list for foreign investment and implementing special measures for market access [5] - The province plans to optimize the duty-free policies and enhance the business environment to attract more investments [6][9] Group 2: Economic and Industrial Growth - The provincial industrial and information technology department will focus on building a modern industrial system with Hainan characteristics and promote high-quality industrial development [7] - The establishment of key industrial parks, such as the Sanya Yazhou Bay Science and Technology City, aims to integrate technological and industrial innovation [8] - The provincial finance department will optimize policy supply and strengthen financial resource allocation to support key projects and ensure fiscal security for the Free Trade Port [9] Group 3: Business Opportunities and Investor Sentiment - The announcement of favorable policies has generated positive responses from various sectors, with businesses expressing confidence in future development opportunities [10][11] - Companies are looking to leverage the "zero tariff" policy to explore new procurement avenues and expand their operations in Hainan [11] - The overall sentiment among local officials and business leaders is one of increased confidence and readiness to embrace the upcoming changes [11][12]

Core Viewpoint - The Hainan Free Trade Port will officially start its full island closure operation on December 18, 2025, symbolizing China's commitment to high-level opening-up and reform [1][2]. Group 1: Policy Implementation - The closure operation will establish Hainan Island as a special customs supervision area, implementing a policy characterized by "one line" opening, "two lines" management, and free flow within the island [2][3]. - The "zero tariff" policy will see the proportion of goods eligible for zero tariffs increase from 21% to 74%, allowing for tax-free circulation of goods within the island [3][8]. - Trade management measures will be relaxed, allowing for open arrangements for certain previously restricted imports [3][9]. Group 2: Economic Impact - Over the past five years, Hainan has seen significant growth in foreign investment, with actual foreign capital utilization reaching 102.5 billion yuan, averaging a growth of 14.6% annually [5]. - The tourism, modern service, high-tech industry, and tropical agriculture sectors have increased their contribution to the GDP, now accounting for 67% of the province's total [6]. - The offshore duty-free shopping limit has been raised to 100,000 yuan per person per year, enhancing consumer spending [4][6]. Group 3: Infrastructure and Readiness - All necessary policies and supporting documents for the closure have been prepared, including the import tax exemption catalog and management measures [7][9]. - The hardware facilities for the closure have passed national inspections, and a smart regulatory platform has been established [7][9]. - Pressure tests are being conducted to ensure effective management and smooth operation post-closure [7][10]. Group 4: Future Outlook - The "zero tariff" system will be further established, expanding the range of zero-tariff goods from 1,900 to approximately 6,600 items, covering 74% of all goods [8][9]. - The scope of beneficiaries for the zero-tariff policy will be broadened to include various enterprises and non-profit organizations within the island [9]. - The closure will facilitate smoother and more efficient connections between Hainan and the international market, enhancing the travel experience for tourists [10].