央视网消息：今年是海南自贸港封关后的第一年。自贸港如何开启奋斗新征程？各行各业如何抢抓封关后自贸港政策的新机遇？跟着记者 一起去看看海南的热火朝天。 2026年刚开始，海南就拿出近百个重点项目对社会开放，涵盖了全海南18个市县。 记者从签到信息里看到，不仅有本地企业，还有不少来自其他省份的企业。而仔细梳理推介的项目手册，记者发现，项目包括低空经济、 城市更新等许多项目。 湖南中南智能装备有限公司总经理 陈国利：海南封关之后，我也是第一时间就到了海口。如果资金到位，今年我们能够形成2亿元—3亿 元的装备产值金额。机遇很多，而且我们要快速地去抓住这个机遇，因为它的政策红利对我们企业的发展是非常有利的，我们也更加有信心在 这里落地生根、发展壮大。 企业满满的投资热情让当地的产业园区成了"香饽饽"。 海南省儋州市人民政府环新英湾建设管理办公室常务副主任 李慈明：来到这边会场立刻就被很多企业围了上来，一听说我们是从洋浦过 来的，特别感兴趣。石化新材料和生物医药的一些做外向型的企业，刚才有几家企业都一起问了一下，我们后续还要再跟他们好好对接。 星际荣耀航天科技集团副董事长 何光辉：国家把海南文昌作为商业航天发射基地。自贸 ...

央视网消息：12月18日，海南自由贸易港正式启动全岛封关。封关首周，一系列新的开放政策吸引更多外贸主体投资兴业，市场兴 旺、消费火热。 封关首周，海南新增外贸备案企业1972家，同比增长2.3倍。截至目前，全年新增备案报关单位3万余家，同比增长超40%。 政策叠加效应以及趁着海南自贸港封关的"东风"，海南离岛免税消费市场也迎来一波热潮。12月18日至24日，海南离岛免税购物金 额11亿元、购物人数16.5万人次、购物件数77.5万件，分别同比上涨54.9%、34.1%、11.8%，充分体现了封关运作对消费市场的带动 效应。 海南自由贸易港正式启动全岛封关首周，据海口海关统计，12月18日至24日，海口海关共监管"一线"进口"零关税"享惠货物超4亿 元，监管"二线"内销加工增值免关税货物超2000万元。 ...

中国上市公司网/文 2025年12月18日，海南自由贸易港全岛封关运作正式启动。封关不是封岛，而是指将海南岛全岛建成一 个海关监管特殊区域，实施以"一线放开、二线管住、岛内自由"为基本特征的自由化便利化政策制度。 "一线放开"：海南自贸港与关境外国家和地区之间，实施自由便利进出举措。海南与境外之间的货物、 资金、人员往来更加自由。绝大多数进口商品享受"零关税"，符合条件的货物可径予放行，无需在口岸 久等。 "二线管住"：海南自贸港与内地之间，实施精准管理，防止零关税商品无序流入内地市场，保障内地市 场秩序。 "岛内自由"：在海南自贸港内，各类要素货物、资金、人员可以自由流动，形成高度便利的营商环境。 海南岛是我国的第二大岛，面积广大、资源丰富、四面环海。它背靠我国超大规模市场，面朝充满活力 的东盟经济圈，是连接东亚与东南亚、南亚的重要节点，也是面向太平洋、印度洋的重要对外开放门 户。自从要建自贸港，中央的顶层设计就说得很明白，海南发展不能以转口贸易和加工制造为重点。目 标很明确，就是奔着"试验最高水平开放政策"去的，它要发展的是，旅游业、现代服务业、高新技术产 业这些，要更加注重人的全面发展、要充分激发发展活 ...

兴业证券表示，海南自贸港封关运作后，致力于打造新型区域性离岸国际贸易中心，未来存在多方面的 发展机遇。一是深入推进琼港合作，打造香港与内地省市的合作典范；二是推进高端制造业发展，利用 好"零关税""加工增值免税"等政策，进一步激活加工制造经济活力；三是新型消费不断升级，离岛免税 政策进一步优化，"免税+娱乐"模式的客流吸引力将不断增强。 A股市场海南自贸板块指数连续第3日大涨，指数创出历史新高。个股中，神农种业涨超18%，康芝药 业涨超13%，安通控股、海南海药、海汽集团、海南瑞泽、海南发展10CM涨停，海峡股份涨超8%，田 野股份、凯撒旅业涨超7%，京粮控股涨超6%，海南华铁、海马汽车、欣龙控股、海南矿业涨超5%。 据三亚市商务局消息，12月18日封关首日，三亚全市免税销售额达1.18亿元；12月19日，三亚全市免税 店单日销售额达1.05亿元，同比增长45.8%；12月20日，三亚全市免税店销售额1.08亿元，同比增长 47%。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 300189 | 神农 ...

早盘，海南自贸板块表现活跃。板块内17只个股涨停，康芝药业20CM涨停，神农种业涨超18%，海南 瑞泽、海南机场、欣龙控股、海南高速、海峡股份、海汽集团等多股涨停。 | 代码 | 名称 | 现价 | 涨跌 涨跌幅 ▼ | 成交额 年初至今 | | --- | --- | --- | --- | --- | | 300086 | 康芝药业 | 13.22 | | 2.20 19.96% 12.62亿 169.80% | | 300189 | 神农种业 | 7.01 | 1.07 | 18.01% 16.10亿 78.37% | | 002596 | 炭脂菌炭 | 5.89 | | 0.54 10.09% 9.02亿 66.38% | | 600515 | 海南机场 | 5.25 | | 0.48 10.06% 15.00亿 38.89% | | 556000 | 欣龙控股 | 6.68 | 0.61 | 10.05% 2.29亿 61.35% | | 000886 | 海南高速 | 7.35 | 0.67 | 10.03% 6.31亿 -5.41% | | 002320 | 海峡股份 | 12.62 | | 1 ...

3. 旅游服务赛道：封关后"境内关外"优势凸显，国际游客会增多，高端酒店、特色旅游、邮轮航线需求 会涨；关注重点：在海南有大量优质资产的旅游集团，还有做定制化旅游服务的企业。 4. 跨境贸易赛道：零关税+低企业所得税（15%），吸引外贸企业入驻，物流、仓储、报关业务需求激 增；关注重点：海南本地的跨境物流龙头，还有能提供一体化外贸服务的公司。 二、存款搬家受益赛道（增量资金直接利好） 各位老铁，帮主郑重这就把"海南封关+存款搬家"的核心受益赛道整理清楚，都是中长线能稳稳拿的方 向，简单好懂，直接照着盯就行： 一、海南封关受益赛道（政策红利确定性最强） 1. 免税消费赛道：受益逻辑是封关后74%进口商品零关税，免税购物额度和品类都会扩容，像海口国际 免税城新品类卖断货就是信号；关注重点：有线下免税渠道、供应链成熟的龙头企业，尤其是能快速上 新爆款品类的公司。 2. 跨境金融赛道：EF账户体系已经成熟，跨境资金流动更自由，跨境资管、外汇交易业务会爆发；关 注重点：在海南布局跨境金融业务的银行、券商，还有参与跨境支付的金融科技公司。 总结下来，这两类赛道都是政策+资金双驱动，中长线拿着心里有底。 1. 宽基ETF及 ...

Core Viewpoint - The establishment of the Hainan Free Trade Port marks a significant transformation for Hainan, enhancing its role in China's high-level opening-up strategy and creating a new global link for trade and investment [7][8]. Group 1: Policy Implementation - The Hainan Free Trade Port will officially start its full island closure operation on December 18, which is a crucial step in establishing a policy system for the free trade port [7]. - The policy framework includes "one line" for open access to international markets, "two lines" for controlled access to the mainland, and "island freedom" for internal circulation [9]. - The initial establishment of the policy system aims for a focus on trade and investment facilitation, with a target to mature by 2035 [8]. Group 2: Economic Impact - The zero-tariff policy is a key feature of the Hainan Free Trade Port, expanding the range of zero-tariff goods from 1,900 to approximately 6,600 items, covering about 74% of all goods [10]. - The processing time for importing seafood has been significantly reduced from three days to two hours, enhancing profit margins for businesses [7]. - The new personal income tax policy in Hainan offers lower rates compared to the mainland, making it an attractive destination for talent [11][12]. Group 3: Business Opportunities - Companies like Zhengda (Hainan) Xinglong Coffee are already benefiting from the zero-tariff policy, with a projected 20% profit increase from exporting coffee to Australia [8]. - The free trade port is expected to serve as a "converter" between the Chinese mainland and global markets, testing high-standard international trade rules [12]. - The enhanced duty-free shopping experience in Hainan is attracting consumers, with significant discounts on luxury goods compared to mainland prices [7].

Group 1: Macro and Strategy - The fixed income investment strategy indicates a continuation of the bull market, emphasizing the importance of performance in identifying opportunities for 2026 convertible bonds [5][12] - The report highlights the strong performance of the AI sector, with significant growth expected in the chip design industry, projected to reach a scale of 835.7 billion yuan in 2025, reflecting a year-on-year growth of 29.4% [14][16] Group 2: Industry and Company Insights - The social services sector saw a decline of 2.03% during the reporting period, with notable performers including Yum China (up 9.53%) and Kede Education (up 9.20%) [6] - The food and beverage sector experienced a cumulative decline of 1.52%, with leading stocks such as Nanchao Food (up 11.91%) and Yili (up 2.65%) showing resilience [9][10] - The electronic industry remains optimistic, with AI continuing to drive high growth, despite recent market fluctuations [12][13] - The report notes that the white liquor sector is entering a left-side layout phase, with companies like Luzhou Laojiao and Guizhou Moutai recommended for investment [10][11] Group 3: Investment Recommendations - The report maintains an "outperform the market" rating for the social services sector, suggesting investments in companies like China Duty Free Group and Huazhu Group [8] - For the food and beverage sector, the investment strategy focuses on companies with strong growth potential, such as Guizhou Moutai and Yili, while also recommending a diversified portfolio including emerging brands [11] - In the electronic sector, the report advises maintaining a positive outlook and patience in investment, particularly in domestic supply chains and AI-related companies [13][17]

Core Insights - Guangdong's 883 A-share listed companies reported a total revenue exceeding 5 trillion yuan, showing steady improvement in overall performance and surpassing national averages in multiple indicators [1][2] Group 1: Revenue and Profit Growth - In the first half of the year, Guangdong's A-share companies achieved a total operating revenue of 5.14 trillion yuan, a year-on-year increase of 6.3%, significantly higher than the national average of 0.09% [2] - The net profit attributable to shareholders reached 400.12 billion yuan, growing by 2.63%, slightly above the national average of 2.59% [2] - The manufacturing sector, comprising 634 listed companies, generated 2.94 trillion yuan in revenue, with a year-on-year growth of 13%, and net profit of 172.19 billion yuan, up 6.3% [2] Group 2: Sector Performance - The computer, communication, and other electronic equipment manufacturing sector, with 225 listed companies, reported 1.1 trillion yuan in revenue, a 19.6% increase, and net profit of 49.18 billion yuan, up 15.5% [2] - The printed circuit board sector saw a remarkable net profit increase of 71.9%, totaling 9.11 billion yuan, highlighting Guangdong's strong position in the electronic information industry [2] Group 3: Consumer Market Recovery - The consumer market showed signs of recovery, with 52 listed companies in the home appliance and furniture sector achieving 499.09 billion yuan in revenue, a growth of 8%, and net profit of 48.6 billion yuan, up 15.2% [3] Group 4: Capital Expenditure and R&D Investment - Capital expenditure among Guangdong's listed companies reached 316.3 billion yuan, a year-on-year increase of 2.8%, significantly above the national average [4] - The automotive manufacturing sector led the investment growth with 82.66 billion yuan, a 51.7% increase, while the computer and communication sector saw a 22.3% rise in capital expenditure [4] - R&D investment totaled 158.9 billion yuan, growing by 11.6%, with R&D expenses accounting for 3.7% of revenue, reflecting a strong emphasis on technological innovation [5] Group 5: Mergers and Acquisitions Activity - Over 250 listed companies in Guangdong engaged in mergers and acquisitions, with transaction amounts exceeding 150 billion yuan, primarily in strategic industries [6][7] - Notable transactions include TCL Technology's acquisitions in the display sector and Hanlan Environment's acquisition of Yuefeng Environmental, enhancing their market positions [6][7] - The trend of cross-industry mergers is evident, with companies like *ST Songfa and Gree Real Estate diversifying into new sectors [7] Group 6: Shareholder Returns - A total of 74 companies in the Guangdong region have initiated mid-term dividends, with a total payout of 16.069 billion yuan, reflecting a positive trend in shareholder returns [7]

Core Points - Hainan Free Trade Port is entering a new phase with the countdown to full island closure operations, marking a significant step in its development [1] - The establishment of a "first-class business environment" is a key goal for Hainan, with a focus on legal frameworks to support this initiative [1][2] - A total of 265 projects have been signed with a total investment of nearly 233.6 billion yuan, indicating growing confidence among businesses to establish operations in Hainan [1] Legislative Framework - The enactment of the Hainan Free Trade Port Law in 2021 has empowered local authorities to create regulations that support the port's development [2] - Hainan is developing a comprehensive legislative system that addresses both broad industry needs and specific issues, exemplified by the introduction of the Yacht Industry Promotion Regulations [2][3] - The legislative approach includes targeted laws for various sectors, such as the seed import/export management regulations and digital economy promotion regulations [3] Enforcement and Governance - Hainan is implementing a dual approach to law enforcement that combines strict regulations with a service-oriented mindset, enhancing the overall business environment [6][7] - The establishment of specialized enforcement teams, such as the "White Egret Women's Enforcement Team," aims to provide a more approachable and effective enforcement experience [6][7] - The integration of administrative enforcement processes has streamlined operations for businesses, reducing bureaucratic hurdles [7] Dispute Resolution - Hainan is focusing on both preventive measures and efficient dispute resolution mechanisms to enhance the business environment [9][10] - The introduction of remote notarization services and blockchain technology aims to reduce potential disputes and streamline legal processes for businesses [10] - The establishment of the Hainan International Arbitration Court and the introduction of temporary arbitration are significant innovations aimed at improving the efficiency and credibility of dispute resolution [11][12]