Core Viewpoint - The official launch of the Hainan Free Trade Port's full island customs closure on December 18, 2025, marks a significant milestone in China's commitment to high-level opening-up and economic globalization, showcasing the country's determination to share development opportunities with the world [2][3][4]. Group 1: Customs Closure Implementation - The Hainan Free Trade Port has officially started its full island customs closure, establishing a special customs supervision area across the entire island [5]. - The customs closure is characterized by a policy of "one line open, one line controlled, and free movement within the island," aimed at expanding high-level foreign trade [6][20]. - The first day of customs closure saw the arrival of a ship carrying 17.9 million tons of zero-tariff petrochemical raw materials, saving enterprises nearly 10 million yuan in costs compared to before the closure [10][12]. Group 2: Operational Efficiency - The customs process has been significantly streamlined, reducing the number of declaration items from 105 to 33 for zero-tariff and bonded goods, allowing for faster clearance [10][12]. - The first international passenger flight after the customs closure arrived at Sanya Phoenix International Airport, demonstrating improved entry procedures that take less than one minute for travelers [7][10]. - The new customs system allows for efficient monitoring and control, utilizing advanced technology such as drones for surveillance along the coastline [14][16]. Group 3: Economic Opportunities - The Hainan Free Trade Port is expected to transform its open potential into high-quality development momentum, contributing to a new level of foreign trade openness in China [3][20]. - Companies in Hainan are benefiting from tax incentives, with one company reporting a 15% reduction in costs due to favorable policies for bonded maintenance of vehicles and aircraft [18][19]. - The increase in duty-free shopping limits for consumers has significantly boosted local retail, with limits rising from 8,000 yuan to 100,000 yuan per person per year [20].

2025年12月18日，海南海口，消费者在海口国际免税城选购免税商品。海口海关19日发布统计数据，海 南全岛封关首日，海南离岛免税购物金额达1.61亿元，同比上涨61%。 2023年5月8日，海南海口港口岸，工人们紧锣密鼓推进海南全岛封关运作的围网建设。该工程是海南全 岛8个对外开放口岸和10个"二线口岸"运行的关键基础设施。封关后，海南全岛将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。 2025年12月19日，海南海口，2025中国国际旅游交易会现场，机器人在民乐队的伴奏下舞动，灵活的舞 姿博得中外旅行商的喝彩。12月19日至21日，海南自贸港全岛封关正式启动后的首个高规格旅游盛会 ——2025中国国际旅游交易会在海口举行。展会展览面积6.5万平方米，会期3天，分为五大展区。101 个国家和地区超过1000名国际旅行商，共同回应着海南发出的"自贸港朋友圈"邀请。 2025年12月18日，海南海口美兰机场"二线口岸"，工作人员共同打开海南本土生产的巧克力大礼盒。当 天，海南自贸港全岛封关运作正式启动，这批巧克力由海南一家外商投资食品企业生产，经海 ...

作者 | 远禾 数据支持 | 勾股大数 据（www.gogudata.com） 随着 12 月 18 日海南自贸港正式启动，全岛封关运作，海南相关概念股持续走高。 海南机场、神农种业、海峡股份等接连涨停，海南发展更是收获四连板， 9 月以来，海南发展股价已然翻倍。 而封关的优势已然显现，封关当日，三亚的免税消费就爆炸式增长。 18 日封关首日，海南离岛免税购物金额达 1.61 亿元，购物人数 2.48 万人次，分别同比暴涨 61% 和 53.1% 。 在此热潮下， 连跌四年的中国中免，也 一度 迎来涨停 。自今年 6 月以来，中免已然上涨 50% ，股价 达到近两 年新高。 但封关之后，中国中免真的能就此起飞吗？ 而封关运作， 又 给海南免税行业带来 更为直接的 利好。 封关后，海南 " 零关税 " 的商品清单从 1900 多项大幅增加到 6637 项，基本涵盖主要生产设备和原材料 。 对于 旅客而言，封关后的免税商品品类从 45 大类商品增加至 47 大类，新增 了 宠物用品和可随身携带的乐器 两大类 。 在此前的大类中 还 新增了体重秤、干衣机、扫地机器人、微型无人机、数码摄影摄像器材及配件等商品， 而这 ...

导语：洋浦港作为区域国际集装箱枢纽港，是海南自由贸易港最大的海运对外开放口岸。12月18日，海 南自由贸易港全岛封关运作正式启动，封关首日承载着第一批"零关税"石化原辅料的运输船，顺利靠泊 洋浦国投油储码头。 凭借零关税优势，海南尤其是拥有深水良港的洋浦，有望迅速崛起为面向中国华南乃至整个东南亚的丙 烷集散、分拨与贸易中心。国际贸易商可以将采购自中东、美国等地的丙烷，以便宜的成本卸储于海南 的低温罐中，再依据国内外市场价格变化，灵活选择在本地进行深加工，或将原料转口、分销至国内两 广地区或海外市场。 综上所述，海南封关通过"双重免税"政策，为丙烷深加工（特别是PDH）产业打造了具有强大国际竞争 力的成本优势，将直接加速相关PDH项目在海南的集聚。并且海南正从丙烷贸易的"末梢"，向全球性 的"采购、仓储和加工中心"升级。这不仅能改变中国的丙烷贸易版图，未来还可能影响整个亚太地区。 （金联创液化气分析师：徐瑞雪） 但更大的优势在于"二线口岸"（海南与内地之间）的加工增值免税政策。根据规定，鼓励企业利用"零 关税"进口料件开展深加工，累计加工增值率达到30%以上，其产品进入内地可再次免征进口关税。据 海南日报报道， ...

12月18日，船舶泊入国投洋浦油储码头30万吨级原油泊位。 12月18日，顾客在海南海口国际免税城购物。新华社发 12月18日，装载着石化原辅料的船舶抵达洋浦港后，工作人员进行卸油作业。新华社发 （来源：光明日报） 转自：光明日报 海南洋浦港口岸。新华社发 【记者观察】 12月18日，海南自由贸易港正式启动全岛封关运作，举世瞩目。 自贸港是当今世界最高水平的开放形态。海南自贸港封关之后，全岛成为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。 封关将打开哪些机遇之门？跟咱们普通人有什么关系？对企业将有哪些利好？对此记者采访了相关部门 和专家。 1.对"物"的管理升级 对"人"的流动影响不大 "封关不是封岛，而是进一步扩大开放。封关后海南自贸港与我国境外其他国家和地区之间设立'一 线'，对符合条件的进口'零关税'货物、保税货物实施径予放行，通关效率将大幅提升。"长期致力于中 国特色自由贸易港理论与政策研究的海南大学马克思主义学院研究员夏锋表示。 径予放行是海南自贸港"一线"进口的一种通关便利模式，适用于不涉证、不涉检的"零关税"货物或 保税货物。一般进口报关单 ...

Core Insights - The core viewpoint of the news is that the implementation of the Hainan Free Trade Port policy, effective from December 18, 2025, will create significant market opportunities through zero tariffs and low tax rates, benefiting both consumers and businesses [1][3]. Group 1: Policy Overview - The "closure" of Hainan is a misunderstanding; it is about upgrading policy benefits, allowing for freer movement of goods and capital between Hainan and foreign countries, with 6,637 items achieving zero tariffs, covering 74% of goods [3]. - The policy framework includes "one line open," "two lines controlled," and "freedom within the island," facilitating a favorable business environment with a corporate tax rate as low as 15% and personal income tax for high-end talent capped at 15% [3][4]. Group 2: Cross-Border E-Commerce - Cross-border e-commerce is highlighted as a key growth area, with a target of 20% annual growth in import and export scale by 2030, supported by reduced logistics costs and improved customs efficiency [5]. - Opportunities for individuals include starting cross-border e-commerce stores selling zero-tariff products or collaborating with e-commerce parks for supply chain and logistics services [5]. Group 3: Manufacturing Sector - The manufacturing sector benefits from a dual advantage of zero tariffs on imported raw materials and exemption from tariffs on domestic sales of products with over 30% added value, leading to significant cost savings [6]. - Industries such as grain and oil processing, meat processing, and medical device manufacturing are expected to see substantial profit margins due to these policies [6]. Group 4: Tourism and Consumer Experience - The tourism sector is evolving from a focus on duty-free shopping to a combination of duty-free, cultural tourism, and health care, expanding market potential [7]. - Data shows that duty-free sales in Sanya surged to 3.31 billion yuan in the first three days post-closure, with the annual sales expected to exceed 20 billion yuan [8]. Group 5: High-Tech Industry - The high-tech sector is receiving significant support, with 70% of industrial funding directed towards it, and the number of high-tech enterprises in Hainan surpassing 5,000, growing at an annual rate of 40% [9]. - Key focus areas include digital economy, marine technology, and new energy, with favorable tax incentives and policies to attract investment [9]. Group 6: Strategic Considerations - Companies are advised to comply with regulations, avoid blindly following trends, and stay updated on policy changes to seize opportunities effectively [10]. - The emphasis is on finding familiar fields to invest in, aligning with official policies to benefit from the wealth opportunities presented by the new trade environment [10].

Core Viewpoint - Hainan is set to become the world's largest free trade port, surpassing Singapore, Dubai, and Hong Kong, following the official operation of its customs closure policy [1] Group 1: Luxury Car Market Impact - The launch of Hainan's customs closure has led to significant discounts on luxury cars, with prices dropping by 35%-40% compared to mainland market prices, attracting considerable consumer interest [3] - The high tax rates on imported vehicles in mainland China, which can reach up to 116.58%, have been a barrier, but the new policy allows for substantial price reductions, making luxury cars more accessible [3] - However, the zero-tariff policy for imported vehicles is limited to enterprises engaged in transportation and tourism, with strict conditions that must be met [4][5] Group 2: Automotive Industry Cost Structure - The zero-tariff policy is expected to reduce the tax burden on automotive manufacturers by 20%-22%, leading to a decrease in overall vehicle production costs by 18%-20% [7] - For example, a medium-sized car manufacturer importing 1 billion yuan worth of parts could save approximately 25 million yuan annually due to the elimination of tariffs and taxes [8] - The simplification of customs procedures has also improved efficiency, reducing the number of required declaration items from 105 to 33 [8] Group 3: Attracting Investment and Industry Growth - Hainan's favorable tax policies, including a 15% corporate income tax rate for qualifying electric vehicle and technology companies, are designed to attract foreign investment and encourage local manufacturing [9] - The "processing value-added 30% exemption" policy allows multinational companies to establish assembly bases in Hainan, enhancing their market access to mainland China [9] - These policies are expected to create a dual advantage of a "tariff-free zone" and logistical convenience, potentially attracting more businesses to the region [9]

人民财讯12月23日电，中共三亚市委关于制定国民经济和社会发展第十五个五年规划的建议发布。其中 提到，扎实有序推进自由贸易港建设。进一步破除要素流动壁垒，推动各类生产要素自由流动、高效配 置和加速集聚，实现各项封关政策平稳过渡、高效衔接。持续升级口岸软硬件基础设施，大力优化口岸 营商环境，推动通关便利化水平显著提升，确保既"放得活"又"管得好"。坚持系统思维、分类施策、远 近结合，全面落实"五自由便利一安全有序流动"开放政策，用足用好"零关税、低税率、简税制"和放宽 贸易管理措施等制度安排，扩大加工增值30%内销免关税等核心政策享惠面，切实把政策红利转化为发 展动能。 ...

12月22日，A股三大指数高开高走，海南封关带动相关概念股持续走高领涨大盘。消息面上，封关已经 连续带动当地免税销售额。与此同时，多家在线旅游平台的数据显示，海南封关将明显带动当地旅游消 费的增长。 三亚免税销售额连续4天破亿 Wind资讯数据显示，截至12月22日A股收盘，海南自贸港指数涨9.28%，在概念板块中遥遥领先。而前 一个交易日，海南自贸港指数也大涨6.53%。 四天破四亿 12月21日全市免税销售额 四天,超四亿! 赞 7 三亚全市免税店单日销售再破亿 全年累计销售额突破 6T. 再破亿!封关次日三亚免税销 售1.05亿,全年累计破200亿 赞 17 型 7 1 7 5 3 7 . 连续三日假亿 12.20 三亚免税销售额 三亚免税连续三日破亿 赞 29 截至12月22日A股收盘，海南自贸港指数内，包括神农种业（300189.SZ）、康芝药业（300086.SZ）、 海南机场（600515.SH）、海南高速（000886.SZ）、中国中免（601888.SH）、凯撒旅业 （000796.SZ）、海航控股（600221.SH）等在内的15个成分股涨停。 | 300189 | 神农种业 | 7.13 ...

Core Viewpoint - The establishment of a fully closed-off Hainan Free Trade Port on December 18, 2025, marks a significant milestone in China's opening-up process, enhancing the region's economic landscape and regulatory framework [4][5]. Group 1: Regulatory Changes and Operations - The operational framework of the closed-off port will feature a "one line open, one line manage, and island-wide freedom" regulatory system, allowing for free movement of goods while maintaining strict controls on imports from the mainland [6]. - Eight open ports and ten "second line" ports will facilitate a highly open space for various elements to flow freely, enhancing trade efficiency [6]. - Advanced inspection technologies and streamlined processes at key ports are expected to manage increased traffic effectively, with initial estimates of 2,000 vehicles per day at the main cargo ports [6]. Group 2: Economic Opportunities and Industry Growth - The range of "zero tariff" goods will expand from 1,900 to approximately 6,600 tax items, covering about 74% of all goods, significantly increasing the region's attractiveness for trade [8]. - The aviation maintenance sector is poised for growth, with a projected passenger throughput of over 50 million by 2025, benefiting from zero tariffs on imported materials and a capped corporate tax rate of 15% [7]. - The Hainan Free Trade Port is expected to provide a 10% to 15% cost advantage for aircraft maintenance compared to other regions, attracting international airlines to establish operations [7][8]. Group 3: Agricultural and Manufacturing Developments - The closed-off port is anticipated to open new opportunities for the processing and manufacturing sectors, particularly in the agricultural industry, with companies like Hainan Oscar International Grain and Oil Co. benefiting from tax exemptions and increased production capabilities [9][10]. - The company reported a total output value exceeding 4.8 billion yuan in 2023, with expectations to reach 5.9 billion yuan in 2024, largely due to favorable policies from the Free Trade Port [10]. - The processing of imported agricultural products is expected to thrive, with the company exploring international markets and benefiting from the region's strategic location [11]. Group 4: Safety and Quality Control Measures - The establishment of a special customs regulatory area is crucial for ensuring effective oversight and maintaining public health and safety standards [12]. - Advanced facilities and technologies are being implemented to enhance quarantine and inspection capabilities, ensuring the safety of imported goods [13][14]. - The customs authority has reported significant increases in the volume and value of inspected goods, indicating a robust framework for managing the influx of products post-closure [13].