Core Viewpoint - The official launch of the Hainan Free Trade Port's full island customs closure on December 18, 2025, marks a significant step in China's commitment to high-level openness and the establishment of an open world economy [3][12]. Group 1: Economic Impact - The "zero tariff" policy implemented in Hainan signifies its role as a model and driving force in the national reform and opening-up process, with the proportion of zero-tariff goods increasing from 21% to 74% [8]. - Approximately 6,600 tariff items will be included under the zero-tariff policy, covering nearly all production equipment and raw materials, potentially saving about 20% in tax costs for importing equipment [8]. - The processing and value-added tax exemption policy has been upgraded, removing restrictions on the income proportion of encouraged industries and expanding the range of imported materials [8]. Group 2: Business Opportunities - Hainan Hongyan Food Co., a company specializing in high-quality beef products, has expressed confidence in the historical significance of the customs closure and is increasing R&D investments to align new products with market demands [4][8]. - Jingrun Pearl Group, which imports high-end pearl materials, anticipates significant benefits from the zero-tariff policy on imported raw materials, allowing for more competitive pricing and increased market share [9]. Group 3: Implementation and Future Steps - As of December 10, 2025, 5,011 out of 7,080 entities have been approved for zero-tariff imports, with 136 pilot enterprises for the processing and value-added tax exemption policy [11]. - The central economic work conference emphasized the need for steady progress in institutional opening and the orderly expansion of service sector autonomy, which is crucial for the execution of policies post-customs closure [11]. - Future focus areas include establishing connections between the Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area, particularly through cross-sea projects [12].

Core Viewpoint - The official launch of the Hainan Free Trade Port's full island customs operation on December 18, 2025, marks a significant step in China's commitment to high-level openness and the construction of an open world economy [1][11]. Group 1: Economic Impact - The "zero tariff" policy implemented in Hainan Free Trade Port will increase the proportion of zero-tariff goods from 21% to 74%, with approximately 6,600 tariff items now eligible, covering nearly all production equipment and raw materials [6]. - The processing and value-added tax exemption policy has been upgraded, removing restrictions on the income proportion of encouraged industries and expanding the range of imported materials, which will lower the threshold for companies to benefit from these policies [6]. - In 2022, the value of imported goods under the "zero tariff" policy reached 27.06 billion yuan, resulting in a tax reduction of 5.09 billion yuan [8]. Group 2: Business Sentiment - Companies like Hainan Hongyan Food Co. express confidence in the historical significance of the customs closure, planning to increase R&D investment and align new products with market demands [2]. - Jingrun Pearl Group anticipates significant benefits from the zero-tariff policy on imported raw materials, which will enhance competitiveness and potentially lower product prices for consumers [7]. Group 3: Infrastructure and Technology - The implementation of a "smart customs" system by CGN Beigu Technology has enabled efficient customs clearance, allowing vehicles to pass through in just 180 seconds, enhancing operational efficiency for businesses [5]. - The establishment of a comprehensive regulatory product system covering various scenarios, including cargo transport and customs inspection, is crucial for the effective management of the free trade port [5]. Group 4: Future Development - The Hainan Free Trade Port aims to establish a robust policy system focused on trade and investment freedom by 2025, with a vision to become a new high ground for China's open economy by 2035 [10]. - The integration of Hainan Free Trade Port with the Guangdong-Hong Kong-Macao Greater Bay Area is seen as a key step for future development, particularly through cross-sea projects [9].

Core Insights - The article highlights the advantages of the Hainan Free Trade Port policy for the beef processing industry, particularly for Hainan Hongyan Food Co., Ltd, which benefits from zero import tariffs and improved customs efficiency [1][5][7] Company Overview - Hainan Hongyan Food Co., Ltd is a beef processing company located in the Yangpu Economic Development Zone, specializing in high-quality beef products [3][5] - The company was established in 2022, leveraging the Hainan Free Trade Port's favorable conditions to enhance its operations and market reach [5][7] Operational Efficiency - The company has significantly reduced its import costs, saving approximately 120,000 yuan per container of 27 tons of imported beef due to the elimination of a 12% tariff [5] - Customs efficiency has improved dramatically, with the time for goods to leave the port reduced from 3 days to just 8 hours under the "sampling and release" policy [5][7] Production Capacity and Product Range - By March 2024, the company plans to increase its production capacity from 6 tons to 15 tons per day with the addition of three new production lines [5] - The company currently offers a diverse range of products, including beef jerky and marinated beef, and has recently developed a new beef sauce that has received significant orders from chain supermarkets [5][7] Market Expansion - The company has established a procurement network that spans multiple countries, including Brazil, Argentina, and Australia, maintaining a cold chain warehouse with a capacity of 300 tons of imported beef [5][7] - The Yangpu area is actively developing into an "International Health Food Port," focusing on premium meat and functional food industries, with a notable increase in meat imports from Latin America, reaching a total value of 500 million yuan in the first ten months of 2024, marking a year-on-year growth of 488.6% [7]

Core Insights - The article highlights the successful implementation of policies in the Yangpu Economic Development Zone, which has become a model for the Hainan Free Trade Port, attracting significant industrial activity and investment [1][2]. Group 1: Economic Development - Yangpu Economic Development Zone has released policy vitality and gathered industrial momentum since its establishment, serving as a "testing ground" for the Hainan Free Trade Port [1]. - The annual output value of Hainan Oscar International Grain and Oil Co., Ltd. has risen to 5.95 billion yuan by 2024, benefiting from favorable policies [1]. - The processing and value-added tax exemption policy has expanded from focusing solely on grain and oil to include health foods and seafood, enhancing the region's industrial capabilities [1][2]. Group 2: Trade and Export - As of August this year, the sales value in the Yangpu area reached 9.527 billion yuan, with a tax exemption amount of 737 million yuan, accounting for over 80% of the province's total tax exemptions [2]. - The Yangpu Port operates 63 stable shipping routes, connecting major domestic coastal ports and Southeast Asia, facilitating international trade [2]. - The successful export of 2,000 tons of edible vegetable oil to India marks a significant achievement for Hainan's grain and oil processing industry in entering international markets [2]. Group 3: Business Environment - Continuous optimization of the business environment and the release of policy dividends are expected to attract more quality enterprises to settle in Hainan [3]. - The dual 15% income tax incentives for enterprises and individuals create a favorable business atmosphere, allowing companies to operate with reduced burdens [2].