Core Viewpoint - The upcoming full closure operation of Hainan by the end of 2025 is expected to significantly boost the high-quality development of the gold and jewelry industry through the implementation of free trade port policies, characterized by "zero tariffs, low tax rates, and simplified tax systems" [1] Group 1: Policy Advantages - Hainan's free trade port provides key policy support for the gold and jewelry industry, notably the processing value-added tax exemption policy, which allows companies to process imported raw materials and enjoy tax exemptions if the value added exceeds 30% [2] - In the first half of 2025, Hainan enterprises utilized this policy to achieve a new value of 3.16 billion yuan, resulting in a tax reduction of 233 million yuan [2] - Tax incentives are also significant, with Hainan offering a 15% corporate income tax rate for eligible enterprises in the "gem processing and jewelry setting manufacturing" category, lower than the mainland's 25% [2] Group 2: Market Opportunities - The duty-free shopping policy for departing travelers provides a substantial market for high-value jewelry, with each traveler allowed a duty-free shopping limit of 100,000 yuan annually [3] - Hainan is projected to attract over 40 million tourists by 2025, particularly with Sanya's development as a "global gold and jewelry consumption center," supporting jewelry consumption [3] - The establishment of industrial clusters, such as the Sanya Gold and Jewelry Industrial Park, aims to integrate various stages of the industry, enhancing the ecosystem for development [3] Group 3: Company Strategies - Major companies like China Gold Group are actively engaging with Hainan's policies, planning to establish a regional operational headquarters and a cross-border capital operation center to leverage the duty-free policies for global sales [6] - Zijin Mining Group's subsidiary has successfully utilized the processing value-added tax exemption policy, establishing a zero-tariff channel for sapphire processing, aiming to create the largest gold and jewelry distribution center in Hainan [8] - Lao Feng Xiang has launched a "Gold and Jewelry Fashion Creative Center" in Haikou, achieving sales of over 110 million yuan in 2023, and plans to host an international jewelry design competition in 2025 [8] Group 4: Future Development - After the full closure operation, the gold and jewelry industry is expected to see enhanced internationalization, with more international auction houses and top designers likely to establish a presence in Hainan [11] - The jewelry market in Hainan is projected to grow from approximately 8 billion yuan in 2023 to over 20 billion yuan by 2026, positioning Hainan as a key high-end jewelry consumption destination in the Asia-Pacific region [11] - Technological innovations such as 3D printing and blockchain are anticipated to integrate deeply into the industry, enhancing product customization and consumer trust [11]