近年来，我国企业全球竞争力的不断攀升，以新能源、高端装备、生物医药等为代表的新质生产力行业 正在加快海外业务布局与拓展步伐。根据商务部、外汇局统计，2024 年我国境内投资者开展境外的非 金融类直接投资为 1439 亿美元（折合人民币突破 1 万亿元），同比增速达到 10.54%，其中对"一带一 路"国家的投资额占比提升至 23.42%。 目前 A 股企业出海已经进入常态化阶段。根据亿欧智库发布的《2025 中国企业全球化趋势洞察暨 Glocal100 榜单报告》，截至 2025 年上半年，5427 家上市公司中，有 2890 家披露了境外业务收入，数 量占比超过 50%，说明企业"走出去"已经不再是少数特例，而是普遍现象。值得注意的是，上市公司中 有三分之一（33.36%）的公司境外业务收入占比超过30%，其中更有 17.34%的企业境外收入占比超过 50%。 伴随着中国企业出海，境外上市融资、跨境并购等全球资本运作需求随之增加。以 A股企业赴港上市为 例，截至 2025 年 12 月 24 日，2025 年已有 19 家 A 股公司完成港股上市，2025 年 A 股赴港上市公司数 量与 2019-2023 ...

Core Insights - Hainan Free Trade Port's modern service industry is experiencing an average annual growth rate of 9% from 2018 to 2024, outpacing the GDP growth during the same period [1] - In the first three quarters of this year, the modern service industry achieved a value-added output of 351.59 billion yuan, continuing its growth trend [1] Group 1: Economic Development - The Hainan Free Trade Port is set to enhance its operations with the imminent closure of customs, leveraging comprehensive pilot programs to expand the modern service sector [1] - A financial policy system centered on cross-border trade and investment liberalization has been established, facilitating the free flow of global capital in Hainan [1] Group 2: Logistics and Transportation - The "China Yangpu Port" has registered 66 international vessels with a total capacity exceeding 6.2 million deadweight tons, maintaining a leading position nationally [1] - The expansion of maritime routes includes 74 international container shipping lines and a network of 82 international civil aviation routes, significantly reducing operational costs for shipping service companies [1] Group 3: Technology and Data - Hainan's information transmission, software, and IT sectors are thriving, supported by undersea cables connecting Hong Kong and Southeast Asia, enhancing data transmission speed and stability [2] - The introduction of a negative list for data outbound has provided clear regulatory guidance for industries like aerospace and tourism, lowering institutional costs for businesses [2] Group 4: Medical Tourism - The Boao Lecheng International Medical Tourism Pilot Zone has achieved synchronization with international standards in medical technology, equipment, and pharmaceuticals, attracting over 560,000 medical tourists in the first ten months of this year, marking an 80% year-on-year increase [2] Group 5: Education - Hainan has allowed high-level foreign universities and vocational schools to operate independently, attracting renowned institutions such as the University of Bielefeld and the Lausanne Hotel Management School to establish campuses in Hainan [2]

Core Viewpoint - The full island closure marks a new starting point for the construction of Hainan Free Trade Port, with plans to further enhance its openness to the outside world [1] Group 1: Trade Management - Accelerate the establishment of a free, safe, and convenient trade management system, expanding the range of "zero tariff" goods and promoting the growth of goods trade [2] - Adapt to the service trade development requirements by accelerating the opening of sectors such as tourism, education, and healthcare, promoting both access and operation [2] Group 2: Investment Environment - Focus on creating an open, transparent, and predictable investment environment by further relaxing foreign investment access and implementing new measures to ease market entry [3] - Deepen the implementation of the commitment-based entry system reform and accelerate the establishment of an investment facilitation system focused on process regulation [3] Group 3: Financial Policies - Gradually establish financial policy systems that align with open development, improving the multi-functional free trade account system and expanding financial sector openness [4] - Actively explore pilot projects for cross-border asset management [4] Group 4: Immigration Policies - Implement more convenient entry and exit management policies by further relaxing restrictions on personnel movement and enhancing temporary entry policies for business personnel [5] - Improve work visa policies and residency systems [5] Group 5: Shipping System - Establish a more open shipping system by accelerating the construction of "China Yangpu Port" as a ship registration port and optimizing ship inspection management policies [6] - Further relax airspace control and air rights restrictions, actively promoting the opening of the seventh freedom of the air [6] Group 6: Data Flow Mechanism - Construct an efficient, convenient, and secure mechanism for cross-border data flow by expanding communication resources and business openings [7] - Adjust and improve the negative list for data exit management and accelerate the construction of international communication business entry and exit bureaus and cross-border submarine cable [7]

Core Viewpoint - The National Development and Reform Commission (NDRC) plans to gradually establish financial policies and systems that align with the development of the Hainan Free Trade Port after its closure operation, focusing on enhancing financial openness and cross-border asset management [1] Financial Policy and System Development - The NDRC will collaborate with relevant departments to create a financial policy system that supports the open development of the Hainan Free Trade Port [1] - There will be a focus on improving the multi-functional free trade account system to facilitate financial operations [1] Financial Industry Opening - The initiative aims to systematically expand the financial industry's openness both domestically and internationally [1] - Active exploration of pilot projects for cross-border asset management will be undertaken as part of this effort [1]