Core Viewpoint - The National Development and Reform Commission announced that the specific date for the closure of Hainan Free Trade Port is set for December 18, 2025, following approval from the Central Committee [1] Group 1: Definition and Significance of Closure - Closure refers to establishing Hainan Island as a customs supervision special area, implementing a policy characterized by "one line" opening, "two lines" control, and free movement within the island [2] - The closure is significant as it will enhance Hainan's connectivity with the international community, attract global quality resources, and promote high-quality development of the Hainan Free Trade Port, paving the way for national reform and opening up [10] Group 2: Policy Upgrades - The proportion of zero-tariff goods will expand from 21% to 74%, covering more imported products [11] - Goods with a processing value added of 30% or more can be exempt from tariffs when sold to the mainland [12] - Trade management will be relaxed, allowing for open arrangements for certain currently prohibited or restricted imported goods in the "one line" import direction [13] Group 3: Facilitation Measures - Eight international ports, such as Yangpu Port, will be opened for "one line" imports, allowing eligible imported goods to be released directly [14] - Ten operational ports, such as Haikou New Port, will be established for "two line" imports, implementing a "single declaration, single inspection, one-stop release" process [15] - Smart and precise regulation will be achieved through the use of big data and AI for information sharing and mutual recognition of regulations, with high-credit enterprises facing fewer inspections [16] Group 4: Impact on Individuals - There will be no changes for travelers; no additional documents are required for travel to Hainan, and flights and ferries will continue as usual [17] - The duty-free shopping limit for departing individuals remains at 100,000 yuan per year [18] - Residents on the island will be able to purchase certain "zero-tariff" imported goods [19]