Core Viewpoint - The Hainan Free Trade Port is set to launch its full closure operation on December 18, 2023, which will release a series of policy benefits, creating unprecedented strategic opportunities for overseas Chinese businesses and enterprises [1][3]. Group 1: Policy Benefits - The Hainan Free Trade Port will expand the range of zero-tariff goods from the current 1,900 items to approximately 6,600 items, covering about 74% of all goods, which will significantly reduce costs for imported core components and consumables [3]. - The simplified customs declaration process for zero-tariff goods and bonded goods will enhance supply chain efficiency, allowing for faster and more convenient access to global markets [3][4]. Group 2: Business Environment - Hainan has been recognized for its favorable business environment and unique advantages as a Free Trade Port, attracting companies like Warner Holdings Group, which operates in various sectors including smart manufacturing, healthcare, and financial services [3]. - The establishment of multi-functional free trade accounts (EF accounts) in Hainan has improved cross-border payment processing times and increased capital turnover efficiency, while also reducing financial risks in cross-border trade [3]. Group 3: Strategic Positioning - Hainan is transitioning from a "policy pilot zone" to a "strategic base" that can deeply integrate into global industrial chains, serving as a resource integration hub and a "value highland" for industry upgrades [4]. - Leaders from various overseas Chinese business associations are encouraged to promote Hainan's open policies and business environment, aiming to attract more overseas Chinese entrepreneurs to invest and start businesses in Hainan [4].