Core Viewpoint - The official launch of the Hainan Free Trade Port's full island closure marks a new phase in the development of high-level openness in China, showcasing significant advancements in customs operations, regulatory frameworks, and economic activities in Hainan [21][22]. Group 1: Customs and Regulatory Developments - A 15,000-ton international container ship successfully docked at the Yangpu International Container Terminal, highlighting Yangpu's role in handling over 70% of Hainan's import cargo [2]. - The construction of a customs supervision special area is underway, which will facilitate the operation of eight open ports and ten "second-line ports" across Hainan, implementing a policy characterized by "first-line openness, second-line control, and internal freedom" [4]. - The Hainan Free Trade Port has established a "four controls and one system" command framework to ensure smooth customs operations, balancing openness and control [12]. Group 2: Economic Activities and Trade - On the first day of the full closure, Hainan's offshore duty-free shopping reached 161 million yuan, a 61% increase year-on-year, indicating a surge in consumer activity [16]. - The processing of imported goods, such as soybeans, under the duty-free policy for value-added processing exceeding 30% is a key feature of Hainan's Free Trade Port [8]. - The first high-profile tourism event, the 2025 China International Tourism Trade Fair, attracted over 1,000 travel merchants from 101 countries, showcasing Hainan's growing appeal as a tourist destination post-closure [18]. Group 3: Infrastructure and Security - The construction of inspection facilities at the Haikou South Port "second-line port" is crucial for Hainan's connectivity and operational efficiency [6]. - A comprehensive anti-smuggling enforcement system has been established along Hainan's coastline, enhancing maritime security and control [10]. - The efficient customs clearance process at the Haikou Meilan Airport for local chocolate production demonstrates the operational readiness of the new regulatory framework [14].

Core Insights - Hainan, China's largest economic special zone, is set to implement full island customs closure by December 18, 2025, marking a significant step in the country's openness with a substantial increase in the "zero tariff" product list from 21% to 74%, covering approximately 6,600 tariff items [1][3] Group 1: Customs Closure Countdown - The countdown to Hainan's full customs closure is less than 10 days, symbolically chosen to coincide with the anniversary of China's reform and opening-up [3] - Hainan's provincial secretary has confirmed that preparations for the customs closure are complete, indicating readiness for this milestone event [3] Group 2: Understanding "Customs Closure" - The term "customs closure" is often misunderstood; it refers to establishing Hainan as a special customs regulatory area with policies that allow for liberalized trade while maintaining control over domestic flows [5] - The policy framework includes "one line" for international trade and "two lines" for domestic management, ensuring both openness and regulation [5] Group 3: Policy Benefits Overview - Post-closure, Hainan will experience unprecedented policy benefits, particularly in tax and trade management, with the number of zero-tariff items expanding significantly [7] - The scope of beneficiaries will broaden from independent legal entities to include various enterprises and non-profit organizations across the island [7] - Trade management will become more relaxed, with the removal of import license requirements for 60 product codes, covering about 80% of previously regulated old machinery and electrical products [7] Group 4: Smart Port Operations - Smart regulatory systems are fully implemented at key ports, designed to handle significant traffic and cargo volumes, which are essential for the customs closure operation [10] - The customs process has been streamlined, allowing for rapid identification and processing of vehicles and cargo, enhancing efficiency [12] Group 5: Industry Opportunities - The customs closure will have a profound impact on various industries, particularly agriculture, by allowing tax-free imports of high-quality agricultural equipment and materials [14] - The policy encourages local processing of imported goods, fostering the development of deep processing in Hainan's agricultural sector [14] Group 6: Consumer and Tourism Experience - The new policies will enhance freedom for tourists, with an increase in the number of countries eligible for visa-free entry to Hainan, reaching 86 [16] - The duty-free shopping policy will be optimized to support Hainan's development as an international tourism consumption center [16] Group 7: International Perspective on Hainan - Hainan's customs closure is gaining international attention, seen as a significant move in China's strategy for greater openness amid rising global trade protectionism [18] - The region is positioned as a vital corridor for trade between Russia and China, with reduced barriers for business operations [18]

海关总署：正全力以赴做好海南自贸港封关运作各项准备，近日将发布二线口岸报关规范等三项制度性文件。外汇交易员 (@myfxtrader):海南自贸港全岛封关运作将实施以“‘一线’放开、‘二线’管住、岛内自由”为基本特征的自由化便利化政策制度。海南自贸港封关时间定于2025年12月18日正式启动。国家发改委副主任王昌林：海南自贸港政策制度体系初步建立，85个国家的人员可免签入境海南。 ...

Core Viewpoint - The establishment of the Hainan Free Trade Port (FTP) is a significant milestone in China's efforts to expand its openness and implement a series of liberalization and facilitation policies, with the full closure operation set to officially start on December 18, 2025 [2][4]. Group 1: Policy Framework - The Hainan FTP will implement a policy characterized by "one line open, two lines controlled, and free flow within the island," facilitating the movement of goods, services, and people [2]. - A preliminary policy system has been established, allowing visa-free entry for personnel from 85 countries [3]. Group 2: Specific Measures - The current closure policy measures can be summarized as "four more": 1. More favorable "zero tariff" policies, increasing the proportion of zero-tariff goods from 21% to 74% for imports [5]. 2. More relaxed trade management measures, allowing open arrangements for certain previously restricted imports [5]. 3. More convenient passage measures, utilizing existing open ports and introducing new ones for efficient import and export [5]. 4. More efficient and precise regulatory models to ensure smooth implementation of open policies [5][6].

Core Viewpoint - Hainan Free Trade Port will implement a full island closure operation characterized by a policy system of "one line open, one line controlled, and free within the island" [1] Group 1 - The policy aims to enhance the liberalization and facilitation of trade and investment in Hainan [1] - The operational framework will focus on balancing openness and control to optimize economic activities [1]