Core Viewpoint - The Hainan Free Trade Port will officially start its full island closure on December 18, 2025, marking a new phase in its development and aiming to enhance China's openness to the outside world [1]. Group 1: Policy Implementation - The full closure will implement a series of policies including import tax item catalog, tax policies for goods circulation, and customs supervision methods [1]. - From December 18, customs declaration for goods entering and exiting the Hainan Free Trade Port will be available through eight open ports and ten "second-line" ports [2]. Group 2: Key Features of Full Closure - The "first line" refers to the trade between Hainan and foreign countries, while the "second line" refers to trade between Hainan and mainland China, with the latter focusing on tax and certification management [5]. - Customs will introduce measures such as "batch exit and centralized declaration" to ease the burden on enterprises [7]. - The "zero tariff" list will expand from over 1,900 items to more than 6,600 items, increasing the proportion of zero-tariff items from 21% to 74% of all goods [15]. Group 3: Economic and Social Impact - Residents will be able to purchase 15 categories of "immediate purchase and pick-up" goods throughout the year, provided they have a record of leaving the island [18]. - A "double 15%" tax incentive policy will be introduced, allowing eligible enterprises and key talents to enjoy a 15% income tax rate [20]. - The full closure will enhance opportunities for international exchange and cooperation, with 86 countries' citizens eligible for visa-free entry into Hainan [24]. - Since 2020, over 9,600 new foreign-funded enterprises have been established in Hainan, and the region's role as a headquarters base for foreign companies entering the Chinese market will be further emphasized [27].

Core Viewpoint - The official launch of the full island closure of Hainan Free Trade Port on December 18 will significantly impact the movement of people, the living and working conditions of residents, and investment opportunities for businesses in Hainan [1]. Group 1: Customs and Trade Facilitation - The customs system will implement a "one line" and "two line" management approach, allowing for more freedom and convenience in the movement of goods between Hainan and foreign countries, while regulating the flow of goods with the mainland [3]. - New measures such as "batch departure and centralized declaration" will be introduced, enabling companies to handle customs procedures after goods have actually left the island, thereby reducing the burden on businesses [5]. - The "no-sense customs clearance" system will be established, allowing for real-time information sharing among customs, anti-smuggling, and port departments [9]. Group 2: Tax and Economic Incentives - The "zero tariff" list has expanded from over 1,900 items to more than 6,600 items, increasing the proportion of zero-tariff goods from 21% to 74% of all taxable items [14]. - Policies encouraging processing and value-added activities will be implemented, including the removal of restrictions on the main income ratio for eligible enterprises and the expansion of the range of imported materials [11]. - A "double 15%" tax incentive policy will be introduced, allowing qualifying enterprises and key talents to enjoy a reduced income tax rate of 15% [19]. Group 3: Consumer Benefits and International Cooperation - Residents of Hainan will have the opportunity to purchase 15 categories of "immediate purchase and pick-up" goods, including cosmetics and clothing, without limits on the number of purchases throughout the year [17]. - The full island closure will enhance opportunities for residents to participate in international exchanges and cooperation, with 86 countries allowing visa-free entry into Hainan [23]. Group 4: Investment and Business Environment - Since 2020, over 9,600 new foreign enterprises have been established in Hainan, with investments from more than 170 countries and regions. The full island closure will further solidify Hainan's role as a headquarters base for foreign companies entering the Chinese market [26].

Core Viewpoint - Hainan Free Trade Port officially launched its full island closure on December 18, which is expected to significantly impact the movement of people, the living and employment conditions of residents, and investment opportunities for businesses. Group 1: Customs and Trade Facilitation - The customs system is divided into "one line" for international trade and "two lines" for domestic trade, with the latter primarily regulating taxes and certificates for goods moving from the "one line" [3] - New customs measures such as "batch exit and centralized declaration" will allow companies to handle customs procedures after goods have actually left the island, reducing burdens on businesses [5] - The "no-sense customs clearance" system is being implemented, allowing for real-time information sharing among customs, anti-smuggling, and port departments [9] Group 2: Tax and Duty Policies - The "zero tariff" list has expanded from over 1,900 items to more than 6,600 items, increasing the proportion of zero-tariff goods from 21% to 74% of all goods [13] - A "double 15%" tax incentive policy has been introduced, allowing qualifying enterprises and key personnel to enjoy a 15% income tax rate [18] Group 3: Consumer Benefits - Residents can purchase 15 categories of "immediate purchase and pick-up" goods, including cosmetics and clothing, without limits on the number of purchases within a year [16] Group 4: International Cooperation and Investment - The full island closure will provide residents with more opportunities for international exchange and cooperation, supported by a visa-free policy for citizens from 86 countries [22] - Since 2020, over 9,600 new foreign enterprises have been established in Hainan, with investments from more than 170 countries and regions, enhancing Hainan's role as a headquarters base for foreign companies entering the Chinese market [25]