海南板块，再度走强！ 12月10日，《中共海南省委关于制定国民经济和社会发展第十五个五年规划的建议》(以下简称《建议》)发 布。《建议》提出，加快完善自由贸易港政策制度体系。提升优化以"零关税、低税率、简税制""五自由便利 一安全有序流动"为主要特征的政策制度体系。大幅提高贸易自由化便利化水平，动态调整实施禁止、限制进 出口货物、物品清单，推动优化调整进口征税商品目录，深化非关税措施管理改革，完善跨境服务贸易负面清 单。 今日午后，海南板块大幅拉升，神农种业实现20%涨停，欣龙控股、海德股份、京粮控股等多只个股也被拉升 至涨停板。截至下午收盘，海南板块整体涨幅超过5%，Wind海南自贸港指数涨幅更是大涨6.6%。 当天，海南"十五五"规划建议发布。其中提出，加快完善自由贸易港政策制度体系，大幅提高贸易自由化便利 化水平；加快种源关键核心技术攻关，打造高能级种业科技创新平台，做大做强"种源+种业+种市"南繁产 业；"以场带产"壮大火箭链、卫星链、数据链和"航天+"产业，有序发展低空经济；适度超前建设交通、电 力、天然气管网等基础设施。 有券商指出，海南自贸港封关政策为企业提供了前所未有的发展机遇。该政策的实施， ...

Core Points - The Hainan Provincial Department of Commerce has released the first batch of enterprises and goods recognized as "Hainan Self-produced Goods" in preparation for the operation of the Hainan Free Trade Port [1] - The recognized enterprises are located in Chengmai, Baoting, Ledong, and Dongfang, with a total of 5 goods included [1] - The recognition aims to facilitate the immediate benefits for enterprises after the port's closure operation [1] Group 1 - The recognized self-produced goods are defined under the "Interim Measures for the Recognition Management of Hainan Self-produced Goods under the Processing Value-added Duty-free Policy" [1] - The Department of Commerce is enhancing tracking services to support self-produced goods enterprises in expanding their customer base [1] - The drafting of the recognition measures was completed efficiently within a month after thorough research on local needs [1] Group 2 - The Department of Commerce is actively promoting the formulation and optimization of core policies for the Free Trade Port, ensuring smooth operations for the port's closure [2] - The department has received the "People's Satisfied Civil Servant Collective" award for its efforts in policy implementation and optimization [2] - The processing value-added domestic sales duty-free policy has been expanded from the Yangpu Free Trade Port Area to the entire island, with significant reductions in approval times [2] Group 3 - The Department of Commerce is working to align with international high-standard economic and trade rules, implementing over 30 pilot measures [3] - The department is focused on enhancing the trade liberalization and facilitation levels of the Hainan Free Trade Port [3] - The operational strategy includes a "one line open, one line controlled" import and export management system to increase efficiency [3]

Core Viewpoint - The Hainan Free Trade Zone concept is experiencing strong fluctuations, with stocks like Luoniushan hitting the daily limit, indicating positive market sentiment towards the sector [1] Group 1: Market Performance - Luoniushan, Xinlong Holdings, and Haima Automobile have all reached their daily limit, showcasing significant investor interest [1] - Other stocks such as Hainan Development, Intercontinental Oil & Gas, Haixia Shares, and Hainan Ruize also saw gains, reflecting a broader rally in the Hainan Free Trade Zone sector [1] Group 2: Policy and Research Insights - According to Weng Zhongyi, a senior researcher at the Hainan Free Trade Port Research Institute, the China-ASEAN Free Trade Area 3.0 version aligns closely with the development direction of the Hainan Free Trade Port [1] - Hainan is positioned to become a 'pioneer' and 'demonstration zone' due to its favorable conditions, enhancing its strategic importance in the region [1]

Core Viewpoint - Hainan Free Trade Port is set to officially launch its island-wide customs closure operation on December 18, marking a new phase in its development, with a focus on expanding the scope of "zero tariff" imports [1][2]. Group 1: Zero Tariff Policy - The Hainan Free Trade Port has established a policy system centered on "zero tariff" and "low tax rate," with the zero tariff policy previously implemented through a positive list model [2]. - As of May 2025, the cumulative value of "zero tariff" imports reached 22.69 billion yuan, resulting in a tax reduction of 4.32 billion yuan [2]. - After the customs closure, the scope of zero tariff goods will shift to a negative list management approach, allowing 6,637 items to be imported at zero tariff, which is approximately 74% of all taxable goods, an increase of nearly 53 percentage points compared to before [2][3]. Group 2: Beneficiary Entities - Three types of entities can apply for the zero tariff policy: enterprises, public institutions, and private non-enterprise units in technology and education [2][3]. Group 3: Processing and Value-Added Tax Exemption - The zero tariff policy includes a processing value-added tax exemption, where goods processed from zero tariff imports can enter the mainland without import duties if the value added is 30% or more [3]. - The previous requirement for enterprises to have 60% of their revenue from encouraged industries to qualify for this exemption has been removed, broadening eligibility [3][4]. Group 4: Low Tax Rate Policy - In addition to zero tariffs, the Hainan Free Trade Port features a low tax rate policy, implementing a dual 15% corporate income tax incentive for encouraged industries [5][6]. - By the end of 2024, nearly 4,300 enterprises and over 39,000 individuals had benefited from the dual 15% income tax policy [6]. Group 5: Industry Development and Support - The policies are expected to significantly boost industries such as pharmaceuticals and high-end food processing, with the processing value-added tax exemption further relaxing eligibility criteria for enterprises [6][8]. - The Hainan Free Trade Port aims to become a global trade hub, enhancing trade resource and factor aggregation, and extending its industrial, supply, and value chains [8].

Core Viewpoint - The construction of Hainan Free Trade Port is a significant reform and opening-up initiative personally planned and promoted by President Xi Jinping, aiming to establish a world-class free trade port by December 2025 [1][2]. Group 1: Policy Framework - The full island closure operation is designed to expand openness and accelerate development, marking a new phase in Hainan's free trade port construction [2]. - The core policy of the free trade port includes a "zero tariff" system for imported goods, allowing independent legal entities registered in Hainan to import goods without tariffs, except for those on the tax list [3][4]. - The policy framework emphasizes a system where "one line" is open to the outside, "two lines" manage the internal market, and free movement is allowed within the island [2][3]. Group 2: Economic Impact - The "zero tariff" policy will significantly increase the range of goods eligible for tariff exemptions, expanding to approximately 6,600 tax items, which will lower enterprise costs and attract related industries to cluster in the free trade port [6][10]. - The trade facilitation measures will enhance the transparency and openness of Hainan's trade management, allowing for more efficient operations and better integration into global supply chains [6][10]. Group 3: Customs and Regulation - Customs will implement a classification management system at ten "two-line ports" to regulate the flow of goods and personnel between Hainan and the mainland, ensuring efficient and secure operations [5][11]. - The customs clearance process will be simplified for "zero tariff" goods, reducing the required data from 105 items to 33, thereby improving efficiency [7][11]. Group 4: Future Development - The next steps in tax reform will focus on attracting high-end talent and quality enterprises, adjusting the import tax list, and optimizing the duty-free shopping policy for residents [10]. - The overall goal is to create a high-quality development model that balances openness and security, ensuring that Hainan Free Trade Port becomes a leading gateway for China's new era of opening up [9][11].