又一个历史性时刻来了！12月18日，海南自由贸易港正式启动全岛封关，这是我国领跑高水平开放的生动实践，具有重要的里程碑意义。两周前，我刚从海 南采访调研回来，今天，我来帮大家厘清最易混淆的三个核心要点，无论你是计划赴海南旅游观光，还是有意在此投资兴业，每一条都是干货。因为唯有精 准把握政策，才能更好地把握住时代机遇。 误区1：封关就是"封岛"？ 首先明确，封关封的是"海关监管"，是一个海关术语，不是封闭，更不是封岛。大家要想理清楚"封关"这个逻辑，可以记住这个核心："管物不管人"，封关 运作的核心是在经贸领域，针对的是经济活动，体现在对进出商品的关税调整上。 那"封"的是什么呢，简单来说，就是将海南岛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"为基本特征的政策制度。 所谓"一线"放开，就是将海南自贸港与我国关境外其他国家和地区之间作为"一线"，实施一系列自由便利进出举措。什么是"二线"管住？就是将海南自贸港 与内地之间作为"二线"，针对"一线"放开的内容实施精准管理。又如何理解岛内自由？就是在海南自贸港内，各类要素可以相对自由流通。 那么，针对外界关于"封关影响出入"的疑虑，国家发 ...

Core Viewpoint - The official launch of the Hainan Free Trade Port's full island closure operation on December 18 marks a significant step in China's high-level opening-up strategy, implementing a regulatory model of "one line open, two lines controlled, and free movement within the island" [2][4]. Regulatory Framework - After the closure, approximately 6,600 items will be subject to "zero tariff," increasing the proportion from 21% to 74%, with a significant expansion of the beneficiaries [2][3]. - The Hainan Free Trade Port aims to align with international standards, actively exploring high-level opening paths amidst a complex global trade environment [3][4]. Unique Features - Hainan Free Trade Port's uniqueness lies in three aspects: the "one line open, two lines controlled" management model, a higher degree of service industry openness, and significant tax policy breakthroughs, such as a 15% preferential tax rate for corporate and personal income taxes [5][6]. - The port is expected to serve as a model for high-level opening, with potential for replicable policies in other regions [6]. Economic Impact - The policy allowing enterprises to import raw materials tax-free and sell to the mainland after processing 30% value-added is anticipated to significantly lower costs and attract industry clusters, boosting local economic growth [7]. - Establishing companies in Hainan can provide inland enterprises with easier access to international business and favorable local policies [8]. Investment Attraction - Hainan is positioned to become a prime entry point for multinational companies and international investors due to its higher openness and rich incentive policies compared to other regions [9]. - The core to attracting foreign investment lies in creating a favorable business environment, ensuring policy stability and transparency [10]. Regional Cooperation - Hainan can leverage its zero-tariff policy and geographical advantages to enhance trade cooperation with ASEAN, facilitating a platform for mutual investment and project introduction [11]. - The potential for cooperation exists in sectors like tropical agriculture, marine products, and high-tech industries, with a focus on enhancing competitiveness [13]. Institutional Innovation - The Hainan Free Trade Port's institutional advantages provide a framework for aligning with international standards and rules, particularly in areas like e-commerce and market competition [14]. - The port is expected to serve as a testing ground for institutional reforms, contributing to China's broader goals of high-standard opening and regulatory alignment with international norms [14].

此次论坛通过成果发布、项目签约、专题研讨、产业对接、招商推介等多元环节，既推动一批高质量合作项目成功落地，搭建起全球自贸领域高效对话的 坚实平台，更以务实合作凝聚开放共识、以深度协同激活发展潜能，为海南自贸港建设提质增效、中国深化高水平对外开放注入强劲动能。 来源：中国贸促会贸易推广交流中心 12月14日至16日，2025年自由贸易园区发展论坛在海南海口圆满举办。本次论坛由海南省贸促会主办，中国贸促会贸易推广交流中心、海南省社会科学 院、北京大学新结构经济学研究院联合承办，中国国际商会海南商会、海南大学国际商学院协办，以"以高水平开放促进自由贸易园区（港）高质量发 展"为核心主题，吸引全球自贸园区商协会领导、企业家领袖、专家学者及国际组织代表近400位嘉宾齐聚一堂，共商开放合作大计。 海南省人民政府党组成员、省重大项目领导小组专职副组长刘平治，泰国总商会暨泰国贸易院主席陈培强，印度尼西亚共和国驻华兼驻蒙古国特命全权大 使周浩黎，全球可持续发展经济投资联盟主席俞永刚出席大会并致辞。RCEP产业合作委员会主席许宁宁、中国财政科学研究院原院长刘尚希、上海财经 大学校长刘元春分别围绕海南自贸港发展机遇、制度创新与风险 ...

Core Insights - The Hainan Free Trade Port officially commenced its full island closure operation on December 18, marking a significant milestone in China's reform and opening-up process. This initiative is seen as a response to the current international landscape characterized by protectionism and aims to enhance global economic confidence and opportunities [1] Group 1: Hainan Free Trade Port Overview - Hainan Free Trade Port is positioned as a crucial gateway for China's new era of opening up, driven by strategic decisions from the Chinese leadership [1] - The port will implement a policy framework characterized by "one line open, one line controlled, and free movement within the island," gradually establishing conditions for "zero tariffs, low tax rates, and simplified tax systems" [1] Group 2: Policy Innovations and Achievements - Since the release of the overall plan for Hainan Free Trade Port in June 2020, various innovations in the system and mechanisms for external openness have been continuously advanced, establishing a preliminary policy system focused on trade and investment facilitation [2] - Hainan has developed 21 batches of 173 institutional innovation cases, with 82 recognized at the national level and 37 promoted nationwide [2] Group 3: International Cooperation and Economic Impact - The construction of Hainan Free Trade Port is facilitating regional collaboration and creating more cooperation opportunities, particularly for neighboring countries [3] - In the first half of 2025, Hainan enterprises recorded 167 new overseas investment projects, a year-on-year increase of 103%, indicating a robust international engagement [3] - The port is enhancing the stability, transparency, and predictability of the business environment for multinational companies, thereby increasing their willingness to seize cooperation opportunities in Hainan [3]

Core Viewpoint - The strategic importance of Hainan Free Trade Port is emphasized as a key player in enhancing regional economic integration and serving as a significant gateway for China's new era of opening up [1][2]. Group 1: Strategic Importance - The global momentum for free trade is weakening, making regional free trade a priority for open cooperation, with the role of free trade ports becoming increasingly significant [1]. - Hainan Free Trade Port is positioned to lead China's high-level opening up strategy, marking a significant step in expanding open world economy [1]. Group 2: Policy and Institutional Framework - To attract global quality resources and business entities, Hainan Free Trade Port must accelerate the improvement of its policy and institutional framework [2]. - The establishment of a comprehensive legal system based on the "Hainan Free Trade Port Law" is essential for institutional innovation and achieving breakthroughs [2]. - Learning from successful international free trade ports will help Hainan develop competitive open policies and systems [2].

中国经济网北京12月17日讯(记者 马常艳)中央经济工作会议提出要"更好统筹国内经济工作和国际经贸 斗争"，该如何发力？财政部原副部长朱光耀12日在做客中国经济网《深谈》时进行了深入解读。 谈及2025年中国经济发展成绩，朱光耀说，我们有效应对各种冲击挑战，全年将顺利实现5%左右的增 长目标，经济总量预计达到140万亿元，在全球主要经济体中继续名列前茅。中国以约占世界17%的经 济体量，对全球经济增长的年均贡献率持续保持在30%左右，成为推动世界经济增长的关键动力源。 美国政府从2025年4月推出所谓"对等关税"，对多个贸易伙伴加征关税。对此，中国坚定捍卫自身发展 权益，采取了有力反制措施。朱光耀说，中国没有屈服，坚定地站在公平、公正和历史正确的一边。实 践证明，只有坚定捍卫原则立场，才能真正维护自身合法权益。 "面向未来，中美两国作为全球两个最大经济体，应在两国元首的战略指引下，让中美关系这艘'大 船'沿着正确的航向前行，携手成为世界和平与发展事业的中流砥柱。"朱光耀说。 展望2026年，全球贸易发展的复杂性与不确定性显著上升。世界贸易组织发布全球贸易展望报告称，受 全球经济复苏乏力和美国关税政策等因素影响 ...

新华社北京12月12日电（记者刘杨、黄扬）外交部发言人郭嘉昆12日表示，在不确定的世界中，中 国是最大的确定性，也将继续成为全球增长的重要引擎。欢迎各国搭乘中国发展快车，分享中国大市 场，在利益交融中实现相互成就，共同发展。 当日例行记者会上，有记者问：近日，世界银行、国际货币基金组织、亚洲开发银行等机构将2025 年中国经济增速预期分别上调0.4、0.2、0.1个百分点。不少机构表示，尽管面临冲击，中国经济展现了 显著韧性。有外媒将中国比作充满不确定性的国际环境中一片"确定性的绿洲"。发言人对此有何评论？ 郭嘉昆说，中国新质生产力将蓬勃发展，中国制造日益高端化、智能化、绿色化，中国创新动能引 领世界创新合作，降低新技术成本，促进可持续发展。中国高水平开放将深入推进，我们稳步扩大制度 型开放，维护多边贸易体制，以开放促改革促发展，中国开放的大门将越开越大。 "在不确定的世界中，中国是最大的确定性，也将继续成为全球增长的重要引擎。欢迎各国搭乘中 国发展快车，分享中国大市场，在利益交融中实现相互成就，共同发展。"郭嘉昆说。 郭嘉昆说，"看好中国"日益成为各方共识。来华出席"1+10"对话会的国际经济组织负责人表示 ...

12月12日，外交部发言人郭嘉昆主持例行记者会。 有记者问：近日，世界银行、国际货币基金组织、亚洲开发银行等机构将2025年中国经济增速预期分别上调 0.4、0.2、0.1个百分点。不少机构表示，尽管面临冲击，中国经济展现了显著韧性，有外媒将中国比作充满不 确定性的国际环境中一片"确定性的绿洲"，发言人对此有何评论？ 在不确定的世界中，中国是最大的确定性，也将继续成为全球增长的重要引擎。欢迎各国搭乘中国发展快车， 分享中国大市场，在利益交融中实现相互成就，共同发展。 来源：央视新闻 责编：李丹 校对：姚远 版权声明 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes 郭嘉昆表示，"看好中国"日益成为各方共识。来华出席"1+10"对话会的国际经济组织负责人表示，过去一年， 中国经济持续稳健增长，为世界经济增长作出重大贡献。国际机构密集上调中国经济增长预期，再次表明看多 中国愈加成势。 中央经济工作会议刚刚成功举行，对明年经济工作确定了坚持内需主导、建设强大国内市场，坚持对外开 ...

Economic Agenda for 2026 - China's 2026 economic agenda emphasizes strengthening domestic demand, advancing innovation, and deepening high-level opening up, indicating renewed confidence for global development [1][3] - The annual Central Economic Work Conference serves as a compass for China's economic trajectory, with President Xi Jinping reviewing 2025's performance and outlining priorities for 2026, the first year of the 15th Five-Year Plan [2] Domestic Demand as Growth Engine - Increasing domestic consumption is identified as the main economic priority for 2026, with specific actions planned to boost spending and optimize policies to unlock service consumption potential [4] - In 2025, final consumption expenditure contributed 53.5% to GDP growth, a nine percentage point increase from the previous year, with retail sales of consumer goods exceeding 40 trillion yuan ($5.7 trillion), reflecting a 4.3% year-over-year increase [5][6] Innovation as a Growth Driver - Innovation is set to be a key driver of development, with plans to establish international innovation hubs in key regions and policies aimed at boosting enterprise-led innovation and strengthening intellectual property protection [7] - China ranked in the top 10 of the 2025 Global Innovation Index for the first time, with its high-tech sector projected to grow from 14.3% of GDP in 2023 to nearly 19% by 2026 [8] Opening Up for Global Certainty - The conference reaffirmed China's commitment to expanding institutional and autonomous opening in the services sector, optimizing free trade zones, and advancing the Hainan Free Trade Port [9] - From January to November 2025, China's foreign trade totaled 41.21 trillion yuan, reflecting a 3.6% increase from the previous year, demonstrating resilience despite global challenges [9] Global Perception of China's Economic Policies - A CGTN global survey indicated that 86.7% of respondents believe China's efforts to boost domestic consumption will create significant opportunities for international companies, while 89.1% believe the expansion of opening-up will generate broader development opportunities worldwide [10][11]

Core Viewpoint - The upcoming conference in Hainan represents a significant milestone in China's reform and opening-up journey, coinciding with the launch of the Hainan Free Trade Port in 2025, which aims to align with global high-standard economic and trade rules [2][4]. Group 1: Conference Overview - The 14th Annual Development Conference for Listed Companies and the Hainan Free Trade Port Opportunity Exchange Conference will take place from December 11 to 13 in Haikou, gathering over 400 listed companies and industry elites to explore the benefits and opportunities post the full closure of the Hainan Free Trade Port [2][3]. - The conference will feature the 9th Annual Secretary of the Board Meeting, focusing on "Sharing Opportunities, Linking Globally," aimed at building communication bridges for listed companies to leverage tax, financial, and other institutional benefits from the Hainan Free Trade Port [2][3]. Group 2: Economic and Investment Opportunities - The conference will emphasize the importance of aligning global quality consumer resources with local diverse demands, leveraging zero-tariff policies in Hainan to foster a new consumption ecosystem [3]. - A closed-door roundtable meeting will bring together experts from key sectors such as digital economy, high-end equipment, and biomedicine to share localized operational experiences and discuss cross-border resource integration strategies [3]. - The Capital Market Honor Ceremony will enhance the brand credibility and industry influence of listed companies, providing global investors with authoritative references to identify quality Chinese assets [3]. Group 3: Historical Context and Future Outlook - The historical significance of the conference is underscored by its timing, which aligns with the 47th anniversary of the Third Plenary Session of the 11th Central Committee of the Communist Party of China, marking the beginning of China's reform and opening-up [2][4]. - The conference reflects the ongoing evolution of China's capital market, with over 5,400 listed companies that are both witnesses and beneficiaries of the reform process, now positioned to drive further reform and opening-up initiatives [4][5]. - The narrative emphasizes that collaboration and openness are essential for innovation and sustainable growth, positioning Chinese companies as key players in the global economic landscape [5].