Core Viewpoint - The construction of Hainan Free Trade Port has seen significant progress over the past five years, with both hardware upgrades and the implementation of various policies that provide tangible benefits to enterprises [1] Group 1: Zero Tariff Policy - The "zero tariff" policy has allowed Hainan Airlines to import aircraft engines and other goods, saving approximately 52.05 million yuan in tariffs and VAT from 2021 to August this year [3] - Hainan has established three "zero tariff" lists, with a total import value of 25.473 billion yuan and tax reductions amounting to 4.906 billion yuan as of August this year [3] - After the full closure of the island, the range of zero-tariff products will expand from 1,900 to about 6,600 tax items, covering 74% of all product tax categories [3] Group 2: Processing and Value-Added Tax Exemption - The "processing and value-added tax exemption" policy allows enterprises to reduce import tariffs by 21% on processed goods, benefiting both consumers and businesses [5] - As of early September this year, there are 129 approved pilot enterprises for processing and value-added, with a cumulative internal sales value of 10.9 billion yuan and tax exemptions totaling approximately 850 million yuan [5] Group 3: Multi-Functional Free Trade Accounts - The "multi-functional free trade account" facilitates the free flow of funds, with 10 banks in Hainan having opened 483 accounts and a total fund flow of 172.6 billion yuan as of July this year [7] - This account type significantly reduces exchange rate losses, handling fees, and time costs for businesses conducting fund transfers [7] Group 4: Institutional Innovation - Hainan has prioritized institutional integrated innovation, with 166 cases of institutional innovation developed, covering trade, investment, finance, and talent [9] - Out of these, 76 cases have received national recognition, and 37 are being promoted nationwide, strengthening the foundation for the construction of the free trade port [9] - The ongoing development of the Hainan Free Trade Port is expected to enhance its attractiveness as a destination for investment and business activities [9]

Core Insights - The implementation of the "zero tariff" policy for imported raw materials in Hainan has significantly reduced costs for companies, enhancing their competitiveness and encouraging further investment in the region [1][2][4]. Group 1: Policy Impact on Companies - Hainan Airlines successfully imported three meteorological radar devices, saving approximately 14% in costs due to tax exemptions totaling 530,792 yuan [1]. - The policy has led to a cumulative import of 1,063 batches of "zero tariff" raw materials worth 8.689 billion yuan, resulting in tax exemptions of 1.186 billion yuan as of June this year [2]. - The policy has expanded to cover various industries, including petrochemicals, medical devices, and aviation materials, injecting new vitality into industrial development [2]. Group 2: Service and Support Mechanisms - The Haikou Customs has established a comprehensive service mechanism to assist companies in navigating the new policy, ensuring smooth implementation and compliance [3]. - Customized policy interpretation and support services have been provided to enterprises, facilitating the application of the "zero tariff" policy [3]. Group 3: Policy Evolution and Upgrades - The "zero tariff" policy has undergone significant upgrades, expanding from an initial list of 169 items to 653 items, effectively doubling the range of products eligible for tax exemptions [4]. - The policy has been dynamically adjusted based on feedback from enterprises, enhancing its applicability and effectiveness in supporting local industries [4][5]. Group 4: Broader Economic Implications - The policy has broken traditional regulatory constraints, allowing for broader applicability across various sectors and contributing to the establishment of a modern industrial system in Hainan [5]. - The proactive approach of Haikou Customs in advocating for policy enhancements has further strengthened the economic landscape of the Hainan Free Trade Port [4][5].

Core Viewpoint - The "zero tariff" policy for raw materials in Hainan has undergone significant upgrades, resulting in substantial tax exemptions and cost savings for companies, thereby enhancing their competitiveness and confidence in the local market [1][2][5]. Group 1: Policy Implementation and Impact - Since the implementation of the "zero tariff" policy, Hainan Airlines has imported 15 batches of goods worth 365 million yuan, saving 53.08 million yuan in taxes [1]. - The policy has led to the import of 1,063 batches of "zero tariff" raw materials worth 8.689 billion yuan, with a total tax exemption of 1.186 billion yuan as of June this year [2]. - The policy has expanded to cover a diverse range of industries, including petrochemicals, medical devices, and aviation materials, injecting new vitality into industrial development in Hainan [2]. Group 2: Service and Support Mechanisms - The Haikou Customs has established a comprehensive service mechanism to assist companies in understanding and applying the "zero tariff" policy, ensuring smooth implementation and compliance [3][6]. - Customized policy interpretation and one-on-one guidance are provided to enterprises based on their specific business needs, facilitating the effective application of the policy [3]. Group 3: Policy Evolution and Future Prospects - The "zero tariff" policy has evolved from its initial version to the current 3.0 version, expanding the product list from 169 items to 653 items, significantly increasing the scope of benefits [4][5]. - The latest adjustments to the policy have relaxed certain restrictions, allowing for broader applicability and enabling more companies to benefit from the tariff exemptions [6].