Core Insights - The introduction of the 15,000 TEU container ship "Jin Jiyuan" on the "Yangpu-Southeast Asia (CV3)" route enhances the shipping network between Hainan and RCEP regions, connecting Cambodia's Sihanoukville Port and Vietnam's Da Nang for the first time [1] - The RCEP agreement, which is the largest free trade agreement by population and economic scale, has fully come into effect as of June 2, 2023, promoting cooperation between Hainan Free Trade Port and RCEP regions [1] - Hainan's trade with RCEP member countries has significantly increased, with import and export values rising from 57.36 billion RMB in 2021 to 102.98 billion RMB in 2024, marking a growth of 79.5% [1] Trade and Economic Cooperation - Hainan has established close industrial and supply chain cooperation with RCEP countries in sectors such as petrochemicals, new materials, energy minerals, and agricultural processing [2] - Over 60% of imported raw materials like wood chips and wood pulp come from RCEP countries, while more than half of exported products such as white cardboard and coated paper are sold to RCEP markets [2] - The Yangpu International Container Terminal has launched 23 direct shipping routes to Southeast Asia and RCEP regions, with four new routes opened this year, enhancing its role as a logistics hub [2] Strategic Development - Hainan is developing two headquarters bases focused on Southeast Asia to facilitate Chinese companies entering international markets and foreign companies entering China [2] - Japanese companies are increasingly looking to establish operations in Hainan, attracted by the 15% corporate income tax rate and favorable business environment [3] - Recommendations for Hainan include implementing zero tariffs on over 99% of goods within 2-3 years and expediting the establishment of a negative list for cross-border service trade [3]