Core Viewpoint - The introduction of the first "zero tariff" medical device, cochlear implants, has provided hope for hearing-impaired children, and there is a commitment to enhance the accessibility of such devices to the public [1] Group 1: Policy and Implementation - A special task force for "zero tariff" medical devices has been established to monitor policy developments and identify potential devices for import [1] - Standardized operational procedures have been created to ensure seamless transitions from application to clinical use [1] - There is an emphasis on strengthening public awareness to inform more patients about "zero tariff" medical devices [1] Group 2: Future Prospects - The company believes that after the full closure of Hainan Free Trade Port, the entire chain of research, production, import, and use of medical devices will be further streamlined [1] - This will enable patients to access global innovative medical devices more quickly, ultimately benefiting public health [1]

Core Insights - Hainan's foreign trade has experienced continuous growth for five years, with import and export values increasing from 93.63 billion in 2020 to 277.89 billion in 2024, representing an average annual growth rate of 31.3% [1] - The implementation of zero-tariff policies and other favorable trade measures is expected to further stimulate market vitality and promote foreign trade growth [1][4] Trade Growth - Since the release of the Hainan Free Trade Port construction plan in 2020, a series of open policies have been implemented, leading to a foreign trade dependency rate increase to 35% [1] - By the end of September this year, 565 enterprises benefited from the zero-tariff policy, with cumulative imported goods valued at 27.06 billion and tax reductions amounting to 5.09 billion [1] Duty-Free Market - Hainan has become the ninth largest consumer goods importer and the third largest for cosmetics in China, with duty-free shopping exceeding 200 billion since the new policy implementation in July 2020 [3] - The medical special zone in Boao Lecheng has supported zero-tariff imports of medical devices and drugs valued at 270 million [3] Customs and Trade Facilitation - Customs has introduced a series of facilitation measures to support Hainan's outward-oriented economy, with six innovative measures approved by the General Administration of Customs [3] - The number of registered enterprises has reached 84,000, a 10.5-fold increase since 2020, and the AEO enterprise ratio is higher than the national average [3] Future Prospects - The upcoming full island closure on December 18 is expected to enhance Hainan's external trade, with a significant expansion of the zero-tariff product range [4] - The closure will also facilitate the development of a modern industrial system and open up new emerging markets, particularly in Southeast Asia, contributing nearly 70% to the province's foreign trade growth [4]