Core Insights - The core objective of the "closure" is to transform Hainan into an important open gateway to ASEAN, leveraging its geographical advantages to facilitate cooperation between China and ASEAN [2] Group 1: Policy Changes - The "closure" does not mean isolation but rather a new model of "open for business externally, controlled internally, and free movement of people, goods, and capital within the island" [1] - A significant increase in the number of zero-tariff goods will cover approximately 74% of product categories, benefiting key industries such as pharmaceuticals and high-end food processing [1] - A "double 15%" income tax incentive will be available for qualifying enterprises and core talents, reducing corporate and personal income tax to 15% [1] Group 2: Impact on Individuals - Individuals will not face additional hassles when entering or exiting Hainan, with only some goods requiring checks when entering the mainland [1] - Enhanced tourism services and a wider range of zero-tariff goods will improve the overall experience for visitors to Hainan [1] Group 3: Strategic Initiatives - Hainan aims to become a "dual headquarters base," allowing ASEAN companies to establish headquarters in Hainan for easier access to the Chinese market and vice versa for Chinese companies [2] - The focus will be on improving policy implementation, efficiency, and legal support to encourage businesses to operate in Hainan [2] - The emphasis will be on developing modern high-tech, tourism, and service industries, with a commitment to reducing the negative list for cross-border service trade [2]