Core Viewpoint - The company is enhancing its Southeast Asia operations by establishing localized subsidiaries in Thailand and Malaysia, aiming to strengthen its service network and improve regional response capabilities [1] Group 1: Southeast Asia Expansion - The company is deepening its Southeast Asia regional layout through the establishment of local subsidiaries and professional cooperation teams [1] - It aims to solidify its service network support system and enhance regional service response capabilities [1] Group 2: Logistics and Supply Chain - The company is leveraging its mature supply chain logistics integration capabilities to promote the operation of the "China-Laos-Thailand" international freight train, creating new international trade routes [1] - It has successfully established three cross-border special train routes, facilitating key logistics connections along the Belt and Road Initiative and RCEP [1] - The company is building an efficient and stable cross-border cold chain logistics service system for rapid and low-cost delivery of high-quality goods across regions [1] Group 3: Cross-Border Transportation - The company has initiated a bulk vehicle cross-border transportation project, with the first batch of vehicles shipped from Nansha Port in Guangzhou to Sihanoukville Port in Cambodia [1] - This project aims to expand cross-border vehicle logistics service scenarios and achieve a breakthrough in the scale of this business area [1] Group 4: Market Integration and Brand Value - The company has been appointed as the vice president unit of the Thailand Shenzhen Chamber of Commerce, leveraging its industry resource integration strength and service reputation [1] - It aims to assist high-quality agricultural and consumer products from Thailand in accurately connecting with the vast Chinese market, enhancing brand value [1] - The company is integrating full-chain service capabilities to provide a comprehensive supply chain and logistics solution for Chinese enterprises, facilitating their steady establishment in the Southeast Asian market [1] Group 5: Future Development - The company plans to continuously upgrade its one-stop comprehensive service capabilities in cross-border supply chain and logistics, trade integration, and customs clearance [1] - It aims to accelerate the construction of a global comprehensive logistics service network in collaboration with partners, enhancing logistics infrastructure and deepening industry chain integration [1] - The goal is to effectively eliminate cross-border trade barriers, reduce circulation costs, and support the global layout of Chinese enterprises for mutual collaboration and win-win outcomes [1]

Core Viewpoint - The Sanya International Forum and the Fifth Sanya Wealth Management Conference highlighted the strategic importance of Hainan Free Trade Port as a significant milestone in China's reform and opening-up process, emphasizing its role in enhancing China-ASEAN economic cooperation [1][3]. Group 1: Strategic Role of Hainan Free Trade Port - Hainan Free Trade Port is positioned to serve as a strategic hub for China-ASEAN economic cooperation, acting as a base for comprehensive strategic collaboration and a connection point to the RCEP market [3][5]. - The port is expected to facilitate the establishment of a blue economy market between China and ASEAN, leveraging Hainan's jurisdiction over 200,000 square kilometers of maritime territory [5][6]. Group 2: Policy Implementation and Development Goals - The implementation of core policies focusing on "zero tariffs, low tax rates, and simplified tax systems" is crucial for the success of Hainan Free Trade Port [7]. - The port aims to become a leading open gateway for China's new era of foreign trade, aligning with the strategic goals set by the Chinese leadership [4][7]. Group 3: Economic and Market Potential - Hainan's unique advantages in tropical agriculture, green economy, healthcare, and marine economy position it well for collaboration with ASEAN countries [6]. - The expected annual growth rate of China's retail sales of consumer goods is projected at 5.5% from 2020 to 2024, indicating a robust domestic market that Hainan can leverage for international trade [5].

Core Insights - The establishment of Hainan Free Trade Port is a significant decision by the Central Committee aimed at deepening reform and opening up in the new era, focusing on self-initiated, unilateral, and institutional openness [1][4] - The full island closure of Hainan Free Trade Port on December 18, 2025, marks a milestone in Hainan's development and a significant event in China's reform and opening-up process, showcasing China's commitment to high-level openness [2] Strategic Goals - Hainan Free Trade Port aims to become a crucial gateway for China's new era of openness, adapting to new trends in the changing economic landscape and playing a pivotal role in China's high-level opening strategy [2] - It is positioned as an important base for China-ASEAN comprehensive strategic cooperation, with a 36.8% year-on-year increase in direct investment from China to ASEAN in 2024, of which 8.5% is through Hainan Free Trade Port [2] Trade and Investment - Hainan Free Trade Port is set to connect with the RCEP market, with 40% of its foreign trade and 50% of its foreign direct investment directed towards RCEP regions in 2024 [3] - The port will leverage zero-tariff policies in conjunction with RCEP to enhance trade and investment flows, focusing on aligning market rules and service systems with RCEP member countries [3] Blue Economy and Maritime Cooperation - Hainan Free Trade Port is envisioned as a strategic platform for the China-ASEAN blue economy, addressing the need for cooperative governance in the South China Sea, where over 50,000 vessels pass annually [3] - The port aims to facilitate cooperation in marine industries, green development, maritime security, and cultural exchanges between China and ASEAN [3] Policy Implementation - The core policies of Hainan Free Trade Port include "zero tariffs, low tax rates, and simplified tax systems," which will gradually be implemented post-closure to enhance the business environment [7] - The port will also focus on reducing the foreign investment negative list and implementing more open visa policies to facilitate global access [7][8] Legal Framework - The legal framework will support the implementation of core policies, adapting to international trade rules and promoting reforms in service trade, digital trade, and intellectual property protection [8] - The port's development is a major national strategy personally planned and promoted by President Xi Jinping, emphasizing that closure is not isolation but an expansion of openness [8]

Core Insights - The opening policy dividends of Hainan Free Trade Port are gradually being released, with local product exports expected to grow at an average annual rate of 13.6% from 2019 to 2024, surpassing the national average by 5.5 percentage points [1][3]. Group 1: Economic Growth and Opportunities - After the full closure of Hainan Free Trade Port, policy advantages are becoming evident, leading to a rapid increase in enterprises with supply chain service functions registered in Hainan, presenting significant growth opportunities for "offshore trade" similar to "island trade" [3]. - The tourism, maintenance and repair, and cultural and entertainment service sectors are expected to inject lasting momentum into the open economy of Hainan Free Trade Port [3]. - The establishment of Siemens Energy (Hainan) Co., Ltd. as a landmark foreign investment project in the manufacturing sector is indicative of the positive market response following the full closure [3]. Group 2: Strategic Positioning and Development - Hainan Free Trade Port is positioned at the center of the Regional Comprehensive Economic Partnership (RCEP), the world's largest integrated market, aiming to become a headquarters base for Chinese enterprises going global and foreign enterprises entering the Chinese market [3]. - The construction of "dual headquarters" is anticipated to support the high-quality development of Hainan [3]. - Suggestions for Hainan to leverage its legislative autonomy to create a more business-friendly and open environment to attract international investors have been made [4]. Group 3: Regional Cooperation and Strategic Hub - Hainan is expected to play a strategic hub role in China-ASEAN economic cooperation, focusing on three areas: becoming a base for comprehensive strategic cooperation and cultural exchanges, a key link between the Chinese market and RCEP, and a platform for blue economy cooperation [5]. - The importance of predictability, efficiency, transparency, and institutional credibility in determining the success of the next phase of Hainan Free Trade Port has been emphasized, highlighting the need for alignment with international standards [5].

由三亚市人民政府主办，《财经》杂志、财经网、《财经智库》、三亚中央商务区管理局、三亚经济研 究院承办的"三亚·财经国际论坛暨第五届三亚财富管理大会"12月27日在海南三亚举行，主题为"海南自 贸港未来定位及三亚新机遇"。 新加坡国立大学东亚研究所高级研究员、经济研究主管，海南大学特聘教授陈波在论坛上表示，海南自 贸港现阶段的定位更侧重于作为中国对外开放的"桥头堡"和"窗口"，其开放模式主要是"引进来"而 非"走出去"。 新加坡国立大学东亚研究所高级研究员、经济研究主管，海南大学特聘教授 陈波 陈波表示，与作为全球贸易金融枢纽的新加坡不同，海南自贸港现阶段的定位更侧重于作为中国对外开 放的"桥头堡"和"窗口"，其开放模式主要是"引进来"而非"走出去"。 他指出，海南自贸港可在法治与营商环境建设上开展制度创新，通过增强法律一致性、规则透明度、政 策可预见性及执行效率，逐步构建亲商开放的制度环境，吸引国际投资者在海南设立运营总部。 面对关于海南自贸港能否成为改革开放试验场的两种声音（乐观前景论与短板忧虑论），陈波认为应辩 证看待。一方面，当前对商事平等、市场化节奏及资本市场等问题的忧虑，恰恰揭示了海南封关建设后 的 ...

Core Viewpoint - The Sanya International Forum and the Fifth Sanya Wealth Management Conference highlighted the future positioning of Hainan Free Trade Port and new opportunities in Sanya, emphasizing the concept of "one line open, two lines controlled, and free movement within the island" as the core of Hainan's customs operation [1][5]. Group 1: Hainan's Strategic Positioning - Hainan is recognized as the most open region in China, serving as a major gateway for national strategies, a pilot zone for reform and opening up, an ecological civilization demonstration area, and an international tourism consumption center [3][7]. - The province is positioned to leverage unique policy advantages under the Regional Comprehensive Economic Partnership (RCEP), allowing for zero tariffs on processed goods that meet specific value-added criteria [3][8]. Group 2: Policy Implementation and Economic Opportunities - The "one line open" policy allows for global openness with most goods subject to zero tariffs, while the "two lines controlled" policy restricts these goods from freely entering the mainland unless they meet value-added requirements [5][10]. - Hainan's customs policies enable businesses to utilize bonded warehouses, reducing costs and risks associated with taxes on goods intended for domestic sales or re-export to Southeast Asia [5][11]. Group 3: Future Development and Industry Focus - Hainan aims to develop advanced manufacturing, modern services, tourism, and high-efficiency tropical agriculture as its pillar industries, attracting both domestic and foreign enterprises [8][9]. - The province is expected to become a hub for Chinese companies expanding internationally and for foreign companies entering the Chinese market, supporting high-quality development [9][12]. Group 4: Recommendations for Institutional Innovation - Hainan is encouraged to boldly experiment with policies aligned with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA) to explore high-level institutional openness [4][9]. - The government is urged to improve the business environment by adopting advanced management practices and legislative powers to attract more enterprises and talent [13][14].

专题：2025三亚•财经国际论坛 三亚•财经国际论坛暨第五届三亚财富管理大会12月27日在海南三亚举办。商务部国际贸易经济合作研 究院学术委员会副主任张建平出席并演讲。 张建平指出，海南已成为服务国家战略的先行示范区，国家已将第一个服务贸易负面清单放在海南。在 RCEP框架下，中国加入RCEP六年后，服务贸易将从正面清单列表转为负面清单列表。海南恰位于 RCEP这个全球最大一体化市场的中间地带，一方面能集合海南现有所有政策优惠，另一方面，海南加 工增值后到内地，30%的累计增加值可享受内地零关税；在RCEP整个市场，若累计增加值达到40%， 该产品在整个RCEP市场可零关税。 专题：2025三亚•财经国际论坛 三亚•财经国际论坛暨第五届三亚财富管理大会12月27日在海南三亚举办。商务部国际贸易经济合作研 究院学术委员会副主任张建平出席并演讲。 张建平指出，海南已成为服务国家战略的先行示范区，国家已将第一个服务贸易负面清单放在海南。在 RCEP框架下，中国加入RCEP六年后，服务贸易将从正面清单列表转为负面清单列表。海南恰位于 RCEP这个全球最大一体化市场的中间地带，一方面能集合海南现有所有政策优惠，另一方面 ...

Core Insights - The article highlights the expertise of Zhao Jinping, a prominent economist and former director of the Foreign Economic Research Department of the State Council Development Research Center, focusing on international economics and institutional openness [1][3]. Group 1: Research Focus - The research direction includes macroeconomics, foreign economic policy, cross-border investment, and innovative institutional integration in free trade zones, particularly in Hainan [3]. - Recent work emphasizes the alignment of RCEP rules, the establishment of digital bonded zones, and the "dual headquarters" model, proposing a systematic plan of "opening up the first line while effectively managing the second line" [3]. Group 2: Policy Contributions - Zhao has led significant national social science fund projects and authored over 30 publications, including "Utilizing Foreign Capital and China's Economic Growth," receiving prestigious awards for his contributions [4]. - He has been involved in drafting key government documents and designing national foreign investment negative lists, as well as the "zero tariff" list for Hainan, providing operational templates for smart regulation and pressure testing [4]. Group 3: Suitable Event Types - The article lists suitable events for Zhao's participation, including forums on free trade zones, service trade, and RCEP and CPTPP alignment, as well as strategic annual meetings for multinational companies [5]. Group 4: Core Speaking Themes - Key themes for Zhao's speeches include global supply chain restructuring, digital bonded zones as innovative examples of cross-border data flow, and practical guidelines for "zero tariffs + low tax rates" under customs operations [6]. - Other themes include optimizing regional layouts for Chinese enterprises under RCEP and CPTPP, and testing pressures and risk prevention in new high grounds of institutional openness [6]. Group 5: Authority and Services - The organization, Wuzhou Mingjia Think Tank, is recognized for its authoritative global connections, including endorsements from Nobel laureates and collaboration with international diplomats [8][9]. - It provides a comprehensive range of high-end event services, facilitating international economic and trade exchanges, and supporting the integration of China's economy and technology [10].

Core Viewpoint - The fresh produce cross-border trade is emerging as a new growth point for regional economic cooperation, driven by the RCEP benefits and ASEAN consumer upgrades, with a focus on quality and local operations [1] Group 1: Market Insights - The middle-class population in ASEAN countries is expanding, leading to a growing demand for high-quality and diverse fresh produce, with a market growth rate exceeding 20% for fruits, seafood, and specialty agricultural products [1] - Singaporean consumers prioritize fresh produce quality and traceability, while markets in Indonesia and Malaysia favor tropical fruits and specialty livestock products, emphasizing cost-effectiveness [3] Group 2: Operational Strategies - A comprehensive service system has been established to address challenges in fresh produce cross-border trade, including a cold chain network that minimizes transportation loss to below 5% and enhances customs clearance efficiency by over 40% [3][4] - The company has created a one-stop service platform for fresh produce businesses, linking over 50 companies in China and Singapore, and providing financial support to alleviate cash flow pressures for small and medium-sized enterprises [4][5] Group 3: Trade Achievements - Chinese fresh produce, such as cherries from Shandong and apples from Shaanxi, has successfully entered the Singapore market, achieving annual sales exceeding one million pounds [4] - The trade network has expanded to cover seven ASEAN countries, with a steady increase in annual cross-border trade volume, establishing itself as a vital link in regional fresh produce trade [5] Group 4: Broader Impact - The initiatives not only facilitate the entry of Chinese fresh produce into ASEAN households but also promote the standardization and scaling of the regional fresh produce industry, serving as a model for deepening economic cooperation under the RCEP framework [7]

2025年12月，海南自贸港全岛封关运作正式实施，这不仅是地理意义上的"封关"，更是中国对外开放战 略的一次重大升级，是一场关于国家发展全局和扩大高水平对外开放的战略布局，拉开了中国高端服务 业聚集发展的宏大序幕。 这是海南经济的一次重大战略转型，不是简单意义上的传统服务业"重启"。 这是海南对接《区域全面经济伙伴关系协定》（RCEP）的重要契机，不是"过渡角色"而是真正的跳 板。 封关以后，海南自贸港对中国企业和外企来说，最大的吸引力在于零关税和低税率的叠加效应，这不仅 体现在进口原材料成本直接降低的层面，更体现在加工增值30%免关税进入内地市场的政策红利。这一 封关后，海南自贸港的首要任务是建立与国际高标准经贸规则相衔接的制度体系。以海南博鳌乐城国际 医疗旅游先行区为例，这个2015年由国务院批准建立的全国唯一"医疗特区"，已经引进超过200种未在 国内上市的创新药品和医疗器械，这不是简单的"进口药品便利化"，而是通过制度创新建立真实世界数 据应用体系，实现全球创新医疗加速在中国临床应用的制度性突破，既满足了广大患者对健康医疗的迫 切需求，又确保了人身安全，这种制度型开放才是封关的核心价值。 封关后，制度 ...