Core Points - The Hainan Free Trade Port will officially start its full island closure operation on December 18, 2023, with all hardware facilities and inspection equipment completed and in trial operation [1][3] - The zero tariff policy will significantly expand from over 1,900 items to 6,637 items, increasing the zero tariff coverage from 21% to 74% [3][4] - The tax system will provide strong institutional support for enterprises by reducing costs and stabilizing expectations, including a dual 15% preferential tax policy for corporate and personal income taxes [4][5] Tax Policy Details - The zero tariff policy will cover not only import tariffs but also value-added tax and consumption tax, allowing companies to save approximately 20% on tax costs when importing production equipment [3][4] - The dual 15% preferential tax policy applies to encouraged industries such as biomedicine and offshore wind power, with over 1,100 encouraged industry categories listed [4][5] - High-end talent across all industries can benefit from the personal income tax reduction, while tourism, modern services, and high-tech industries can enjoy additional tax exemptions on foreign investment income [4][5] Tourism Development Plans - Hainan aims to develop high-end consumption projects, deep experience activities, and innovative integration projects in tourism, focusing on marine tourism and space tourism [5][6] - The development will include high-quality resorts, camping sites, and wellness vacation projects along the "green necklaces" of the island's tourism roads [5][6] - The strategy emphasizes the integration of agriculture, culture, and tourism, alongside the development of smart tourism platforms and professional self-driving tour services [6]