Core Viewpoint - The launch of the Hainan Free Trade Port's full island customs operation marks a significant step in China's commitment to high-level opening-up and the construction of an open world economy [1] Group 1: Hainan Free Trade Port Development - The Hainan Free Trade Port has implemented a unique customs supervision model characterized by "one line open, one line controlled, and free movement within the island" [1] - Since 2018, the construction of the Hainan Free Trade Port has steadily progressed, attracting both domestic and international enterprises to invest and establish operations [2] - The port's development is seen as a bridge between global markets and China's vast domestic demand, facilitating smoother import and export processes [3] Group 2: International Perspectives - International experts view the Hainan Free Trade Port as a model for high-level openness, providing transparency and compliance for international businesses [4] - The port's favorable policies and geographic advantages are highlighted as key factors attracting global enterprises [5] - The establishment of the Hainan Free Trade Port is seen as a new example of China's commitment to institutional opening-up, which is beneficial for global economic recovery [7] Group 3: Economic Impact - The measures taken in the Hainan Free Trade Port are expected to inject certainty and vitality into the global economy, showcasing China's proactive opening strategy [6] - The port's development is anticipated to enhance the interconnectedness of global supply chains, benefiting both China and the world [7] - The experience gained from the Hainan Free Trade Port is expected to contribute to the continuous expansion of China's high-level opening-up [6]

Core Insights - The "2024-2025 China Free Trade Zone Institutional Innovation Index" was released by Sun Yat-sen University, ranking 57 free trade zones across the country, with Guangdong Qianhai, Shanghai (Pudong), and Guangdong Nansha leading the list [1][2] Group 1: Rankings and Changes - The top ten free trade zones in terms of institutional innovation are Guangdong Qianhai, Shanghai (Pudong), Guangdong Nansha, Shanghai (Lingang), Tianjin, Beijing, Fujian Xiamen, Chongqing, Sichuan Chengdu, and Jiangsu Suzhou [1] - Notable changes in rankings include Chongqing rising by 2 positions and Jiangsu Suzhou improving by 3 positions compared to the previous year [1][2] - Jiangsu's overall ranking improved significantly, with Suzhou and Lianyungang free trade zones both experiencing notable upward movements [2] Group 2: Index and Evaluation - The average score for the 2024-2025 China Free Trade Zone Institutional Innovation Index is 77.40, an increase from 75.90 the previous year, indicating steady progress in institutional innovation [1] - The index evaluates five dimensions: trade facilitation, investment liberalization, financial reform and innovation, government function transformation, and legal environment [1] Group 3: Institutional Innovation and Development - Guangdong Qianhai's leading position is attributed to national strategic guidance, a strong economic base, an international environment, and technological innovation from Shenzhen [2] - Shanghai (Pudong) has become a model for high-quality economic development driven by institutional innovation after over a decade of development [2] - Jiangsu's strong development momentum and solid industrial foundation have significantly contributed to its free trade zone's institutional innovation [2][3]