China News Service, Haikou (Reporter: Wang Ziqian) On December 18, the Hainan Free Trade Port will usher in the island-wide customs closure operation. This is a landmark measure for China to expand high-level opening up and promote the construction of an open world economy. After the customs closure, what kind of "wealth code" does the Hainan Free Trade Port contain?
Recently, Rolls Zunxing (Hainan) Technology Co., Ltd. has applied for the operating qualification of an online taxi-hailing platform and plans to launch high-end online taxi-hailing services in Sanya before the Spring Festival in 2026. Wang Sishi, general manager of the company, told a reporter from China News Service that the company is optimistic about the Hainan tourism market after the customs closure. Taking advantage of the Hainan Free Trade Port's "zero tariff" policy for transportation and yachts, it imported nearly 30 Rolls-Royce Cullinan, Bentley Bentayga and other luxury cars for operation, saving a total of 150 million yuan (RMB, the same below) in taxes.
Since 2018, Hainan Free Trade Port has implemented policies such as "zero tariffs" and 30% tariff-free processing value-added, providing important opportunities for enterprise development.
Qi Jingwen, director of the Exchange and Cooperation Office (International Cooperation Office) of the Deep Reform Office of the Hainan Provincial Party Committee (Free Trade Port Working Committee Office), said that after the customs closure, the Hainan Free Trade Port will implement a more preferential "zero tariff" policy for goods, looser trade management measures, more convenient traffic measures, and a more efficient and accurate supervision model.
Specifically, after the customs closure, the proportion of "zero-tariff" imported goods tax items will be significantly increased from the current 21% to 74%. Management measures for some imported goods will be relaxed, and the 30% tariff-free policy for processing value-added will also be further relaxed... It is foreseeable that these measures will significantly reduce the operating costs of enterprises and provide them with broader space for development.
In Hainan Yangpu Economic Development Zone, the Dufengxuan Zhongsoup Industry Project has recently been put into operation. Yu Lianfu, chairman of Dufengxuan Group, said that the company imports more than 500 million yuan of raw materials every year, and can save about 60 million yuan in tariffs by applying the processing value-added policy. After the customs are closed, the scope of application of the cumulative value-added processing will be expanded. The company cooperates with two meat processing companies in the park to calculate the value-added part cumulatively, thereby enjoying tax benefits at a lower value-added rate.
Pei Guangyi, a professor at the School of Economics and Management of Hainan Normal University, believes that the customs closure operation of the Hainan Free Trade Port brings not a single policy dividend, but a systemic opportunity based on the highest level of domestic openness system to connect China and the global market. Global investors can take advantage of the policy mix to reduce cross-border trade and operating costs, use the convenience of factor circulation to participate in China's emerging industrial chain, and use Hainan's hub status connecting mainland China and global markets to expand a larger market.
“The current and future period is a golden window period for enterprises to seize development opportunities and achieve mutual benefit and win-win with us.” Hainan Province Governor Liu Xiaoming pointed out at a recent investment promotion event that choosing Hainan is choosing opportunities, and investing in Hainan is investing in the future.
Rely on the safe and orderly flow of data to develop digital economic industries; extend the existing petrochemical industry chain and develop high-end new materials and green fine chemical industries; leverage China's only "medical special zone" - Boao Lecheng International Medical Tourism Pilot Zone to promote the biomedical industry Innovation; relying on southern traditional resources to expand the modern seed industry; leveraging maritime advantages to cultivate deep-sea technology industries; using the Wenchang commercial space launch site to attract aerospace-related companies to gather... After the closure of the border, Hainan's unique natural conditions combined with open policies have given birth to many broad tracks for industrial upgrading.
As one of the first domestic pilot areas for “going overseas”, Chengmai County has gathered more than 2,000 game companies and launched PlayOL, a commercial platform dedicated to serving overseas games. Zhang Jinchao, product manager of Hainan Xingxin Mengyou Technology Co., Ltd., said that enterprises can directly use cross-border data links through this platform without building their own overseas servers, saving time, manpower and capital costs.
It’s time to invest in Hainan. Huang Yin, Managing Partner of Ernst & Young South China, believes that companies should fully grasp the facilitation advantages in all aspects after the Hainan Free Trade Port is closed, "timely increase resource investment in Hainan from the dimensions of capital, talent, assets, functions, etc., and seize market layout opportunities." (End)
