Core Insights - Haikou City in Hainan Province has launched five innovative institutional integration cases to promote the implementation of core policies of the Hainan Free Trade Port, pressure testing for customs closure operations, industrial development, and optimization of the business environment [1][2] Group 1: Institutional Innovations - The five innovative cases include: electronic bills of lading reshaping offshore bulk trade processes, "cross-border capital + industrial agglomeration" financial innovation development model for the free trade port, implementation of foreign employment units and foreign credit rating assessment, multi-faceted efforts to create a harmonious biodiversity protection practice in Haikou, and establishing an efficient rescue and rapid exit mechanism for small and micro enterprises [1][2] Group 2: Trade Facilitation - The electronic bill of lading case is a typical example of promoting trade facilitation, utilizing blockchain technology to trace the authenticity of trade and ownership of goods, reducing international settlement time from 3-7 days to 1 day [1] - The use of digital encryption technology for operational authorization enhances the clarity of the electronic bill of lading process, reduces the risk of data tampering, and lowers the risk control costs for banks regarding the authenticity of bills of lading [1] Group 3: Offshore Trade Significance - Offshore trade is a highly specialized form of international trade, crucial for linking domestic and international markets and enhancing global resource allocation capabilities [2] - Bulk trade constitutes a major form of global shipping trade, with bulk carriers accounting for over 40% of the total global shipping capacity [2] - As of now, 46 bulk trades have been conducted through Haikou's developed electronic bill of lading system, with a total volume exceeding 7.5 million tons, expanding to various categories including photovoltaic and cement [2] Group 4: Future Directions - Haikou will continue to optimize the innovation ecosystem, encouraging more market entities and social forces to participate in institutional innovation, and increasing the promotion and application of innovative results to benefit the public [2]

Core Viewpoint - The recent offshore trade support policies and the launch of the second phase of the Global Supply Chain and Offshore Trade Financial Service Platform aim to enhance trade facilitation and support enterprises in expanding their global business from the Xiamen Free Trade Zone [1][2]. Group 1: Policy Implementation - Xiamen has been approved as a national pilot area for offshore trade stamp tax incentives, which is expected to reduce the tax burden on offshore trade enterprises by approximately 40 million yuan annually [2]. - The "Ten Measures" for supporting offshore trade development include ten initiatives across five categories: financial facilitation, digital empowerment, talent assurance, regulatory collaboration, and service quality [1][2]. Group 2: Financial Service Platform - The new financial service platform will provide a one-stop service for enterprises, banks, and government services, enhancing operational efficiency and supporting the needs of innovative trade models [2][3]. - A training session was held to explain the functionalities of the new tax collaboration module, which aims to streamline the tax process for offshore trade through precise matching of contracts and international payments [3]. Group 3: Future Development - The Xiamen Free Trade Zone plans to continue deepening policy innovation and optimizing service measures to foster the development of offshore trade and enhance its international competitiveness [3]. - The initiative is part of a broader strategy to build Xiamen into a high-level open hub for international trade, leveraging its unique advantages in offshore trade [3].