Core Viewpoint - The official announcement of the specific date for the Hainan Free Trade Port's customs closure is set for December 18, 2025, marking a significant milestone in the expansion of openness and the development of the Hainan Free Trade Port [1][3]. Summary by Sections Customs Closure Policy - The customs closure will transform Hainan Island into a special customs supervision area, implementing a policy characterized by "one line open, one line controlled, and free flow within the island" [1][2]. - The "one line" refers to the open trade between Hainan and other countries, while the "two line" involves precise management of trade with the mainland [1][2]. Policy Measures - The customs closure will introduce four key enhancements: 1. A more favorable "zero tariff" policy for imported goods, increasing the proportion of zero-tariff items from 21% to 74% [2]. 2. More relaxed trade management measures, allowing for open arrangements for certain previously restricted imports [2]. 3. More convenient passage measures through eight designated "one line" ports and ten "two line" ports for efficient cargo movement [2]. 4. A more efficient and precise regulatory model to ensure smooth implementation of the open policies [2]. Symbolic Significance - The choice of December 18 for the customs closure is symbolically significant, aligning with the anniversary of China's reform and opening-up policy initiated in 1978, showcasing the country's commitment to high-level openness [3][4]. - The customs closure is seen as the beginning of a new phase in the development of the Hainan Free Trade Port, with ongoing efforts to enhance the policy framework and expand openness [3][4]. Operational Continuity - Post-closure, most goods, personnel, and transportation will continue to be managed under existing regulations, ensuring that travel and business operations in Hainan remain unaffected [4].

Core Viewpoint - The establishment of the Hainan Free Trade Port (FTP) is a significant milestone in China's efforts to expand its openness and implement a series of liberalization and facilitation policies, with the full closure operation set to officially start on December 18, 2025 [2][4]. Group 1: Policy Framework - The Hainan FTP will implement a policy characterized by "one line open, two lines controlled, and free flow within the island," facilitating the movement of goods, services, and people [2]. - A preliminary policy system has been established, allowing visa-free entry for personnel from 85 countries [3]. Group 2: Specific Measures - The current closure policy measures can be summarized as "four more": 1. More favorable "zero tariff" policies, increasing the proportion of zero-tariff goods from 21% to 74% for imports [5]. 2. More relaxed trade management measures, allowing open arrangements for certain previously restricted imports [5]. 3. More convenient passage measures, utilizing existing open ports and introducing new ones for efficient import and export [5]. 4. More efficient and precise regulatory models to ensure smooth implementation of open policies [5][6].