Core Viewpoint - The meeting between Haikou's mayor and representatives from Shanghai's biopharmaceutical and technology sectors emphasizes the strategic collaboration opportunities in the context of the Hainan Free Trade Port's upcoming full closure operation on December 18, 2023 [1] Group 1: Strategic Collaboration - Haikou aims to leverage the advantages of the Hainan Free Trade Port policies to enhance cooperation in biopharmaceuticals and medical device manufacturing, innovation research and development, and international trade [1] - The "Research and Use in the Free Trade Zone + Production in Haikou" model is highlighted as a key approach for fostering practical collaboration [1] Group 2: Economic Development Focus - Haikou is committed to optimizing the industrial ecosystem and business environment to better serve enterprises' investment and operational needs [1] - The city is focused on high-quality development and reform initiatives in preparation for the full operation of the free trade port [1]

Core Viewpoint - The full closure operation of Hainan Free Trade Port is a starting point for a higher level of openness, not an endpoint, marking a new phase in its development [4][5]. Group 1: Achievements and Progress - Hainan Free Trade Port has seen significant progress since the implementation of the overall plan, with a steady increase in foreign investment, reaching 102.5 billion yuan, growing at an average annual rate of 14.6% [5]. - The number of newly established foreign enterprises has increased to 8,098, with an average annual growth rate of 43.7%, significantly higher than the national average [5]. - The proportion of the four leading industries (tourism, modern services, high-tech industries, and tropical agriculture) in the economy has increased by 13.7 percentage points, now accounting for 67% of the province's GDP [6]. Group 2: Policy Design and Implementation - The policy design for the full closure operation includes a "zero tariff" policy for 74% of imported goods, an increase from 21%, and allows for tax-free circulation of goods within the island [8]. - Trade management measures will be more relaxed, with open arrangements for certain prohibited and restricted imports [8]. - A more efficient regulatory model will be implemented, focusing on low intervention and high efficiency for "zero tariff" goods [8]. Group 3: Future Directions and Open Measures - Future measures include expanding the range of "zero tariff" goods and enhancing the openness of service sectors such as tourism, education, and healthcare [9][10]. - The establishment of a transparent and predictable investment environment is crucial, with plans to further relax foreign investment restrictions and implement a commitment-based entry system [9]. - Financial policies will be adapted to support open development, including the establishment of a multi-functional free trade account system [10]. Group 4: Clarification of Misunderstandings - Hainan Free Trade Port is not considered "inside the border and outside the customs"; it remains under the supervision of the customs laws of the People's Republic of China, ensuring regulatory compliance [11].

Core Viewpoint - The construction of Hainan Free Trade Port is a significant reform and opening-up initiative personally planned and promoted by President Xi Jinping, aiming to establish a world-class free trade port by December 2025 [1][2]. Group 1: Policy Framework - The full island closure operation is designed to expand openness and accelerate development, marking a new phase in Hainan's free trade port construction [2]. - The core policy of the free trade port includes a "zero tariff" system for imported goods, allowing independent legal entities registered in Hainan to import goods without tariffs, except for those on the tax list [3][4]. - The policy framework emphasizes a system where "one line" is open to the outside, "two lines" manage the internal market, and free movement is allowed within the island [2][3]. Group 2: Economic Impact - The "zero tariff" policy will significantly increase the range of goods eligible for tariff exemptions, expanding to approximately 6,600 tax items, which will lower enterprise costs and attract related industries to cluster in the free trade port [6][10]. - The trade facilitation measures will enhance the transparency and openness of Hainan's trade management, allowing for more efficient operations and better integration into global supply chains [6][10]. Group 3: Customs and Regulation - Customs will implement a classification management system at ten "two-line ports" to regulate the flow of goods and personnel between Hainan and the mainland, ensuring efficient and secure operations [5][11]. - The customs clearance process will be simplified for "zero tariff" goods, reducing the required data from 105 items to 33, thereby improving efficiency [7][11]. Group 4: Future Development - The next steps in tax reform will focus on attracting high-end talent and quality enterprises, adjusting the import tax list, and optimizing the duty-free shopping policy for residents [10]. - The overall goal is to create a high-quality development model that balances openness and security, ensuring that Hainan Free Trade Port becomes a leading gateway for China's new era of opening up [9][11].

Core Viewpoint - The Hainan Free Trade Port will officially start its full island customs closure operation on December 18, 2025, marking a new phase in its development and a higher level of openness for China [1] Group 1: Policy and Development - The program "Free Trade Port 'Big Talk'" aims to deeply interpret Hainan's free trade port policies and share opportunities for openness [1] - The first episode features a dialogue with Long Guoqiang, Deputy Director of the Development Research Center of the State Council, who emphasizes that the customs closure operation is not an endpoint but a starting point for higher-level openness [1] - Hainan's free trade port is not a "borderless" area but a special customs supervision zone, remaining part of China's customs territory and subject to Chinese customs supervision [1] Group 2: Implementation and Future Outlook - Hainan is encouraged to use the customs closure operation as an opportunity to effectively implement various policies and continuously improve the institutional framework of the free trade port [1] - The goal is to steadily advance institutional openness and strive to become an important gateway for China's new era of opening up to the outside world [1]

Group 1 - The core viewpoint is that Hainan Free Trade Port and Hengqin Guangdong-Macao Deep Cooperation Zone are significant platforms for China's opening up, with distinct strategic positions and management systems post-closure [1] Group 2 - The scope of closure implementation differs: Hainan Free Trade Port covers the entire Hainan Island, approximately 33,900 square kilometers, while Hengqin covers only Hengqin Island, about 106 square kilometers, indicating a larger regulatory challenge for Hainan [2] Group 3 - The "first line" opening targets differ: Hainan aims to engage with all foreign countries and regions to enhance its global economic integration, while Hengqin primarily focuses on Macau to promote regional economic diversification [3] Group 4 - The "second line" management also varies: Hainan will regulate goods entering the mainland from the island, maintaining existing management for items, personnel, and transportation, while Hengqin will regulate goods entering the mainland but not restrict personnel movement [3] Group 5 - Specific implementation policies differ, particularly in tax and import/export management: Hainan will adopt a negative list for "zero tariff" goods, allowing a broader range of products compared to Hengqin's positive list approach [4]

Group 1 - The core objective of the Hainan Free Trade Port is to achieve full island closure, with various departments and Hainan Province collaborating effectively to accelerate the implementation of closure preparation tasks [1] - A systematic framework for closure policies is gradually being established, focusing on key areas such as port operations, import and export management, goods taxation, and customs supervision [2] - Comprehensive construction of regulatory hardware and software facilities has been completed, including 8 "first-line" ports, 10 "second-line" ports, and 64 non-customs comprehensive law enforcement points [3] Group 2 - In-depth pressure testing for closure has been actively conducted, including pilot policies for zero tariffs on imported goods and tax exemptions for processed goods sold domestically [4] - The overall plan for the construction of the Hainan Free Trade Port indicates that a comprehensive evaluation of the closure operation preparation will be conducted before 2025, with a focus on identifying and addressing safety vulnerabilities [4] - As of May this year, a comprehensive assessment of the closure preparation work has shown that significant progress has been made, and the foundational conditions for closure are in place [4]