Core Viewpoint - The Ministry of Commerce aims to leverage the full island closure of Hainan Free Trade Port as an opportunity to promote institutional openness and establish Hainan as a key gateway for China's new era of opening up to the outside world [2]. Group 1: Preparation for Closure Operations - The Ministry of Commerce has been preparing for the closure operations since 2025, in line with the decisions made by the Central Committee, to enhance trade management transparency and openness [2]. - A list of prohibited and restricted import and export goods for Hainan Free Trade Port has been released, easing import management for 98 product codes, and optimizing trade management models [2]. - Following the release of the list, Hainan will implement supporting regulatory measures and conduct simulation exercises to refine policy execution details and strengthen risk identification and prevention [2]. Group 2: Support for Open Innovation Development - The Ministry will promote pilot projects in Hainan that align with international high-standard economic and trade rules, including temporary import repair and remanufactured products [2]. - Hainan will establish a cross-border e-commerce comprehensive pilot zone and implement a negative list for cross-border service trade, contributing to a 23.1% growth in service trade and a 42.2% increase in actual foreign investment in the first three quarters [2]. Group 3: Future Policy Implementation - The Ministry will ensure the effective implementation of closure policies, coordinating trade management policies with "zero tariffs" and processing value-added tax exemptions [3]. - There will be an emphasis on expanding autonomous openness and aligning with international high-standard economic and trade rules, particularly in the service sector [3]. - The Ministry plans to host significant events like the China International Consumer Products Expo to enhance Hainan Free Trade Port's development and expand international cooperation opportunities [3].

Core Insights - Hainan Free Trade Port will commence its closure operation on December 18, with significant growth in service trade and foreign investment in the first three quarters of the year [1][2] - The Ministry of Commerce has prepared various policies to ensure smooth implementation of the closure operation, including a list of prohibited and restricted import/export goods [1] - The focus will be on enhancing trade management transparency and optimizing import regulations for 98 product codes [1] Group 1 - Hainan's service trade grew by 23.1% and actual foreign investment increased by 42.2% in the first three quarters [1] - The Ministry of Commerce has released a list to improve trade management and has initiated simulation exercises to ensure policy execution [1] - Support for innovative development in Hainan includes pilot programs for international trade rules and cross-border e-commerce zones [1] Group 2 - The Ministry of Commerce aims to leverage the closure operation to promote institutional openness and position Hainan as a key gateway for China's new era of foreign trade [2] - There will be a focus on aligning trade management policies with zero tariffs and tax exemptions for processing and value-added activities [2] - The Ministry plans to expand market access in the service sector and improve the management of the negative list for cross-border service trade [2]