Policy Implementation - As of September 2025, the "zero tariff" import value reached CNY 27.06 billion, with tax reductions amounting to CNY 5.09 billion[3] - Cumulative domestic sales under the processing and value-added tax exemption policy reached CNY 11.08 billion, with a customs duty exemption of CNY 0.86 billion[3] Economic Strategy - The Hainan Free Trade Port aims to enhance domestic and international dual circulation, linking with major economic regions like the Guangdong-Hong Kong-Macau Greater Bay Area and the Yangtze River Economic Belt[3] - The strategic mission of Hainan Free Trade Port is to leverage unique policy advantages to capture supply chain restructuring benefits, particularly in digital trade and RCEP integration[3] Industry Development - The focus is on establishing a modern industrial system with Hainan characteristics, promoting industry upgrades and technological integration[3] - Key sectors expected to grow include biomedicine, offshore wind power, equipment manufacturing, and digital content processing, supported by a low-tax system and zero-tariff policies[3] Investment Outlook - Continuous monitoring of policy implementation, port closure progress, and key industry project developments is recommended[3] - The combination of "zero tariffs + value-added processing" policies is anticipated to unlock long-term growth potential in sectors like tourism, high-end manufacturing, and digital trade[3] Risk Factors - Potential risks include slower-than-expected policy progress, economic growth below forecasts, and escalating geopolitical conflicts[3]