Core Viewpoint - Hainan has officially launched its full island customs closure operation on December 18, 2025, marking a significant milestone as the "largest free trade port in the world," which symbolizes China's commitment to expanding its openness to the world [1] Group 1: Customs Closure Definition and Implications - Full island customs closure refers to establishing Hainan as a special customs supervision area, implementing a policy characterized by "open on the first line, controlled on the second line, and free flow within the island" [1] - The customs closure is not a lockdown but an expansion of openness, facilitating international connections and attracting global resources to promote high-quality development of Hainan's free trade port [1] Group 2: Key Dates and Symbolism - The choice of December 18 for the customs closure is significant as it coincides with the anniversary of the Third Plenary Session of the 11th Central Committee of the Communist Party of China in 1978, which initiated the reform and opening-up policy [1] Group 3: Operational Changes Post-Closure - The current customs management will remain largely unchanged, with most goods and all personnel and transportation still following existing regulations, ensuring no additional documentation is required for travel to Hainan [2] - The duty-free shopping policy for departing travelers will continue, with adjustments made effective from November 1, allowing "departing and exiting travelers" to enjoy duty-free shopping [2] Group 4: Zero Tariff Policy Expansion - The range of "zero tariff" products will shift from a positive list to a negative list management approach, expanding from 1,900 tariff items to over 6,600 items, covering approximately 74% of all tariff items, an increase of nearly 53 percentage points from before the closure [2] Group 5: Tax Environment and Real Estate - Hainan's low tax rates are designed to be compliant and regulated, distinguishing it from "tax havens" through conditions for benefits, anti-avoidance clauses, transparency, and strict anti-money laundering mechanisms [3] - Real estate policies will still operate within national laws and macro-management frameworks, with ongoing measures to curb speculation and ensure housing demand for residents is met [3] Group 6: Future Development of the Free Trade Port - The free trade port is not fully established yet; the goal is to initially create a policy system focused on trade and investment facilitation by 2025, with a more mature system expected by 2035, and a fully developed high-level free trade port by the middle of this century [3]

Core Viewpoint - The launch of the all-island customs closure in Hainan Free Trade Port on December 18 marks a significant step in China's commitment to high-level opening-up and the construction of an open world economy [1]. Group 1: Definition and Features of All-Island Customs Closure - The all-island customs closure defines Hainan Island as a special customs supervision area, implementing a policy characterized by "one line" being open, "two lines" being controlled, and free movement within the island [2]. - The "one line" refers to the more liberal and convenient movement of goods between Hainan and foreign countries, allowing for the release of eligible "zero tariff" goods [2]. - The "two lines" control the taxes and certificates for goods moving between Hainan and the mainland, ensuring that the "one line" open goods are managed appropriately [2]. Group 2: Impact on Tourism and Trade - The customs closure does not require additional permits for travel to Hainan, maintaining the same regulations for personnel and goods as before [4]. - The "zero tariff" policy has expanded from over 1,900 tax items to more than 6,600, increasing the proportion to 74%, benefiting all enterprises and non-enterprise units on the island [6]. - The policy allows for the free circulation of "zero tariff" goods and their processed products among eligible entities, optimizing the processing and value-added tax exemption policies [6]. Group 3: Future Policy Enhancements - The policy benefits will continue to be released, with plans to expand the range of duty-free goods available to residents and tourists [9]. - Research is underway on tax policies for imported goods for island residents, allowing for tax-free purchases of certain imported products [10]. - Hainan has implemented the most favorable visa exemption policies in the country, allowing for visa-free entry for citizens from 86 countries [10]. Group 4: Development Goals - The all-island customs closure is a milestone in the construction of the free trade port, marking the beginning of a new phase of open development [14]. - The construction of Hainan Free Trade Port is planned in three phases, with the first phase aiming to establish a policy system focused on trade and investment freedom by 2025 [15]. - The second phase aims for a mature system and operational model by 2035, while the final phase targets the establishment of a high-level free trade port with significant international influence by the middle of this century [15].

12月18日，海南自由贸易港正式启动全岛封关运作。这不仅是海南发展的里程碑，更是我国坚定不移扩大高水平对外开放、推动建 设开放型世界经济的标志性举措，标志着海南将打造成为引领我国新时代对外开放的重要门户。 在当前全球单边主义、保护主义抬头，多边贸易体系面临挑战的背景下，我国大力推动贸易和投资自由化便利化，实施高水平对外 开放，致力于建设开放型世界经济，以高水平对外开放推动构建新发展格局，增强国内大循环内生动力和可靠性，提升国际循环质 量和水平，以对外开放的主动赢得经济发展的主动、赢得国际竞争的主动。 海南的独特优势正在于此，其毗邻东盟，联动粤港澳大湾区，处于RCEP成员国网络的中心位置。从海南出发的"4小时飞行圈"可覆 盖全球47%的人口、30%的GDP。凭借地理区位与制度创新的双重优势，海南有望成为连接中国国内市场与东南亚乃至全球的双循 环关键枢纽之一。 封关后，海南将实施以"'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。"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；约74%的商品将享受进口"零关税"，覆盖税目从此 前的19 ...

（更多报道见A5版～A7版） （原标题：南海千帆渡 开放向未来——海南自由贸易港封关启新程） 证券时报记者 吴少龙 12月18日，海南自由贸易港正式启动全岛封关运作。这是我国坚定不移扩大高水平对外开放、推动建设 开放型世界经济的标志性举措。作为承载国家战略的开放前沿，海南自贸港以"零关税、低税率、简税 制"为核心，在制度创新、外资集聚、国际合作、智慧监管等方面多点突破，书写着中国与世界共享发 展机遇的新篇章。 制度集成创新是自贸港建设的核心引擎。截至目前，海南已培育21批173项制度集成创新案例，82项获 国家认可、37项向全国推广。从全国首张跨境服务贸易负面清单到省级营商环境建设厅的首创，从"土 地超市"到全域"禁塑"制度，一系列突破性举措构建起系统完备的开放制度体系，为封关运作筑牢根 基。封关后，海南将持续推动政策贯通叠加，对标国际高水平经贸规则，在运行机制、监管模式等方面 深化创新，形成更多具有全国示范意义的制度成果。 开放红利的持续释放吸引全球资源加速集聚。2020年至2024年，海南实际使用外资达1667亿元，年均增 长15.8%，176个国家和地区在琼投资；与40个境外自贸区（港）建立伙伴关系，2 ...

12月18日，海南自由贸易港正式启动全岛封关运作。这不仅是海南发展（002163）的里程碑，更是我国 坚定不移扩大高水平对外开放、推动建设开放型世界经济的标志性举措，标志着海南将打造成为引领我 国新时代对外开放的重要门户。 在当前全球单边主义、保护主义抬头，多边贸易体系面临挑战的背景下，我国大力推动贸易和投资自由 化便利化，实施高水平对外开放，致力于建设开放型世界经济，以高水平对外开放推动构建新发展格 局，增强国内大循环内生动力和可靠性，提升国际循环质量和水平，以对外开放的主动赢得经济发展的 主动、赢得国际竞争的主动。 海南的独特优势正在于此，其毗邻东盟，联动粤港澳大湾区，处于RCEP成员国网络的中心位置。从海 南出发的"4小时飞行圈"可覆盖全球47%的人口、30%的GDP。凭借地理区位与制度创新的双重优势， 海南有望成为连接中国国内市场与东南亚乃至全球的双循环关键枢纽之一。 封关后，海南将实施以"'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。"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；约74%的商品将享受进口"零关税"， ...

Core Viewpoint - The official launch of the Hainan Free Trade Port on December 18, 2025, marks a significant milestone in China's reform and opening-up strategy, aiming to create a special customs supervision area with liberalized policies to attract global resources and investment [1][3][5]. Group 1: Policy Changes - Hainan will implement a zero-tariff policy, increasing the number of zero-tariff goods from 1,900 to 6,600, raising the proportion of zero-tariff goods from 21% to 74% [3][8]. - The policy framework will feature "one line" for liberalized access from outside China, "two lines" for controlled access from the mainland, and free circulation of resources within the island [4][6]. Group 2: Economic Impact - Hainan is expected to become a hub for global trade, investment, and talent, with a focus on attracting international capital and businesses [6][7]. - Over the past five years, Hainan has seen the establishment of 8,098 foreign-invested enterprises, with an annual growth rate of 43.7%, and attracted foreign investment totaling 102.5 billion RMB, growing at an annual rate of 14.6% [6][8]. Group 3: Strategic Importance - The launch of the Hainan Free Trade Port is viewed as a core project for China's high-level opening-up strategy, serving as a crucial foundation for the new development pattern [5][9]. - The port's establishment is seen as a response to global economic uncertainties, providing a stable platform for international business activities [1][9]. Group 4: Competitive Advantages - Hainan's geographical location, favorable business environment, and supportive policies position it as a competitive alternative to established free trade ports like Hong Kong and Singapore [7][8]. - The port offers significant tax incentives, including a 15% corporate income tax rate and a maximum personal income tax rate of 15% for high-end talent, creating an attractive environment for global investors [8].

Core Viewpoint - The official closure of Hainan as a Free Trade Port on December 18 marks a significant milestone for Hainan, China, and the world, yet local residents appear indifferent to this development [1][3]. Group 1: Reasons for Local Indifference - Local residents exhibit indifference towards the closure due to misconceptions and a lack of understanding about its implications, as well as concerns over rising living costs [5][6]. - Since the announcement of Hainan as an international tourism island in 2010, the region has seen a rapid increase in prices, while wages have not kept pace, leading to local apprehension [5][6]. - There is a belief among locals that the benefits of the closure primarily favor large enterprises and do not significantly impact their daily lives [6][7]. Group 2: Understanding the Closure - The term "closure" does not imply isolation but rather signifies a higher level of openness, with strict regulations on certain goods while allowing free movement of people and vehicles [11]. - The concept of "one line open" means that Hainan will facilitate international trade with many goods entering the region at zero tariffs, expanding the list from 21% to 74% of products [12]. - "Island freedom" allows for unrestricted trade and capital flow within Hainan, enabling transactions in various currencies and simplifying investment processes [16]. Group 3: Economic Opportunities Post-Closure - Both businesses and individuals can benefit from a maximum income tax rate of 15%, significantly lower than the mainland's highest rate of 45%, attracting talent and enterprises to Hainan [22]. - Ordinary citizens can legally engage in the sale of duty-free goods, enhancing the appeal of cross-border e-commerce in the region [23]. - The duty-free purchase limit for residents is significantly higher than in other regions, allowing for greater consumer spending and attracting tourists [24]. - Goods processed in Hainan that increase in value by over 30% can be exported to the mainland without tariffs, creating opportunities for local industries [25]. Group 4: Future Prospects - The extensive list of over 6,600 duty-free products will likely lead to an influx of foreign goods into Hainan, providing a competitive advantage in sourcing and information [28]. - The establishment of new companies in Hainan is expected to create more job opportunities and foster related industries, enhancing the local economy [28].

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 601888 | 中国中免 | -0.47 | 1.71 | -29031.86 | | 000735 | 罗牛山 | -9.19 | 17.57 | -26481.89 | | 000572 | 海马汽车 | -6.76 | 12.53 | -22820.10 | | 002320 | 海峡股份 | -7.77 | 3.41 | -20151.72 | | 600650 | 锦江在线 | -3.25 | 10.17 | -6865.41 | | 002596 | 海南瑞泽 | -10.00 | 11.28 | -6362.21 | | 600515 | 海南机场 | 0.86 | 1.66 | -4854.81 | | 000905 | 厦门港务 | -1.23 | 8.76 | -4240.11 | | 603300 | 海南华铁 | -0.29 | 3.69 | -3303.50 | | 000886 | 海南高速 | -4.78 | 6.38 ...

Group 1 - The establishment of the Hainan Free Trade Port will create new opportunities for global enterprises and provide an important platform for open cooperation in the global economic and trade sectors [1] - The chairman of the British 48 Group, Jack Perry, supports overseas companies entering Hainan, which will benefit both China and foreign enterprises, leading to investments in Hainan, including the establishment of factories [3] - UAE's Minister of State for Foreign Trade, Thani Al Zeyoudi, views the full closure of Hainan as a significant move by the Chinese government to expand high-level openness, attracting UAE investors to register their companies in Hainan [5] Group 2 - Indonesia's strategic communication and research director, Christine, highlights Hainan as a pioneer in visa-free entry policies, with new high-level openness initiatives that attract businesses beyond traditional sectors [7] - Professor Peter Bauer from the University of Johannesburg emphasizes Hainan's core advantage in inviting global participation in China's development vision, providing South African enterprises with access to a larger market [9]

他还表示，正大集团将在中国继续扩大现代农业产业项目投资，深化咖啡等热带特色高效农业项目 全产业链发展，利用加工增值政策，积极拓展食品加工和国际贸易，打造更具竞争力的现代农业产业 链。 新华社北京12月17日电（记者赵叶苹、邹多为）正大集团农牧食品企业中国区资深副董事长薛增一 在新华社17日推出的"中国经济圆桌会"大型全媒体访谈节目中表示，海南自由贸易港全岛封关运作，将 带来更开放的贸易环境、更高效的要素配置，是外资企业投资中国的重大机遇。 【纠错】 【责任编辑:吴京泽】 薛增一介绍，正大集团自1988年海南建省时便来到海南投资发展，如今在当地总投资额已达20亿 元，2024年销售额达到6亿元。海南自由贸易港启动全岛封关运作后，企业将享受到多重政策红利，为 企业提升国际竞争力、开拓中国市场提供强有力的支持。 他以在海南的咖啡业务为例表示，通过自贸港原辅料"零关税"政策，以"两头在外"模式开展进出口 贸易，企业可以减免咖啡生豆进口环节8%的关税和13%的增值税，显著降低了原料成本。 "加工增值内销免关税政策也为企业带来重要利好。"薛增一说，比如，从海外采购的咖啡生豆，如 果在海南加工增值达到或者超过30%，出岛内 ...