Core Insights - The Hainan Free Trade Port is set to commence its closure operations on December 18, with the Ministry of Commerce preparing for this significant milestone since 2025, aiming to enhance high-level openness and promote high-standard construction of the port [3][4] Group 1: Policy Implementation - The Ministry of Commerce has released a list of prohibited and restricted import and export goods for Hainan Free Trade Port, easing import management for 98 product codes to improve trade management transparency and openness [3] - Following the release of the list, Hainan will develop supporting regulatory measures and conduct simulation exercises to refine policy execution details and enhance risk identification and prevention [3] Group 2: Support for Innovation and Development - The Ministry is promoting pilot projects in Hainan that align with international high-standard economic and trade rules, including temporary importation for repair and remanufacturing of products [3] - Hainan's service trade grew by 23.1% in the first three quarters, with actual foreign investment increasing by 42.2%, indicating a positive trend in the region's economic development [3] Group 3: Future Initiatives - The Ministry plans to leverage the closure operations to advance institutional openness, aiming to position Hainan Free Trade Port as a key gateway for China's new era of foreign trade [4] - Efforts will focus on integrating trade management policies with zero tariffs and tax exemptions for processing and value-added activities, maximizing the benefits of openness [4] - The Ministry will also enhance market access and open sectors, particularly in services, while organizing significant events like the China International Consumer Products Expo to foster international cooperation opportunities [4]

Core Viewpoint - The expansion of visa-free policies in Hainan has significantly enhanced the region's attractiveness as a travel destination, leading to a notable increase in foreign visitors and economic activity [2][4][6]. Policy Iteration and Expansion - Hainan has implemented a visa-free entry policy for citizens from 85 countries, making it one of the regions in China with the most lenient visa policies [3][5]. - Since the introduction of the 59-country visa-free policy in 2018, the number of foreign visitors entering Hainan has increased dramatically, with 81% of foreign travelers utilizing the visa-free option [3][4]. - In the first quarter of this year, Hainan recorded 634,000 inbound and outbound travelers, a 10.4% increase year-on-year, with foreign visitors increasing by 37.6% [3][4]. Tourism and Business Growth - The recent Dragon Boat Festival saw a surge in travel, with 19,900 inbound and outbound travelers, marking a 44.3% increase compared to the previous year [7]. - The visa-free policy has not only boosted tourism but also enhanced business opportunities, as evidenced by the increasing participation of foreign businesses in events like the China International Consumer Products Expo [9][10]. - The number of foreign visitors entering Hainan for business and events has increased by nearly 95% compared to the previous year [10]. Visitor Experience and Preferences - Travelers from countries like Vietnam have shown a growing interest in Hainan, with a 138% increase in Vietnamese visitors compared to last year [8]. - The diverse cultural and culinary experiences in Hainan are attracting more tourists, making it a preferred destination for many [9]. Future Prospects - Hainan's immigration policies are expected to continue evolving, with plans to further enhance the convenience of entry for foreign visitors [11].