Group 1 - The article discusses the implementation of the sixth batch of "best practice cases" for free trade pilot zones, aimed at enhancing their demonstration and driving effects [1] - A total of 29 cases are promoted, focusing on five main areas: trade facilitation, government function transformation, free flow of factors, open channel construction, and high-quality industrial development [1] - The trade facilitation area includes innovations such as a new model for auxiliary inspection of import and export machinery and electronic products, and a cross-border e-commerce model for tax-free retail imports [1] Group 2 - In the government function transformation area, cases include a new model for issuing multiple professional certificates through a single examination and a new method for handling real estate transfers [1] - The free flow of factors includes the establishment of a secure and convenient cross-border data flow system and new mechanisms for the transformation of university scientific and technological achievements [1] - The open channel construction area features new mechanisms for international intermodal transport along the Asia-Europe route and collaborative development models for logistics along the Yangtze River Economic Belt [1] Group 3 - The high-quality industrial development area includes mechanisms for the sustainable development of leisure fisheries and new models for the gradient transfer of industries [1] - To date, a total of 485 institutional innovation achievements from free trade pilot zones have been promoted at the national level [1] - The Ministry of Commerce will continue to lead the inter-ministerial joint conference mechanism to summarize and promote institutional innovations from free trade pilot zones, aiming to drive deeper reforms and high-level openings across the country [1]

Core Viewpoint - The establishment of the Hainan Free Trade Port, with its full closure set to begin on December 18, 2023, marks a significant milestone in China's economic development, transforming Hainan into a major international trade and financial hub [3][5]. Group 1: Hainan Free Trade Port Overview - The full closure of Hainan signifies the formation of China's largest free trade port, characterized by a regulatory model of "one line open, two lines controlled, and free movement within the island" [6][8]. - The "one line" refers to the open trade with foreign countries, while the "two lines" pertain to the control of goods entering the mainland from Hainan [9][14]. - After the closure, the proportion of zero-tariff goods will increase from 21% to 74%, expanding from 1,900 to approximately 6,600 tariff items [11][12]. Group 2: Economic Implications - Hainan's GDP is projected to reach 793.6 billion yuan in 2024, with a population of 10.48 million and a per capita GDP of 76,000 yuan, indicating room for growth compared to other regions [21]. - The traditional economic pillars of tourism, real estate, and tropical agriculture are evolving, with new focus areas including modern services, high-tech industries, and efficient tropical agriculture [22][23]. - The four main industries are expected to account for over two-thirds of the province's total value added, reflecting a significant structural shift in the economy [23]. Group 3: Future Prospects - The Hainan Free Trade Port aims to attract high-tech enterprises and talent through favorable tax policies, such as a 15% corporate income tax rate and capped personal income tax for high-end talent [19][27][28]. - The development of modern services and digital economy is supported by policies that facilitate data flow and international telecommunications [26]. - As the free trade port operates, Hainan is positioned to accelerate its economic growth, potentially reaching the trillion-yuan GDP club [30].