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]