Hainan issues 3-year industrial plan amid independent customs
This initiative comes as the Hainan Free Trade Port (FTP) will officially launch island-wide independent customs operation on December 18, a milestone in China''s opening
This initiative comes as the Hainan Free Trade Port (FTP) will officially launch island-wide independent customs operation on December 18, a milestone in China''s opening
The "Regulations" support domestic and foreign enterprises in building international data centers in Hainan Free Trade Port and operating international data center
The General Administration of Customs held a press briefing on November 18 to introduce the overall situation of customs support for
China unveiled the master plan for the Hainan FTP in 2020, aiming to build the island into a free trade port with Chinese characteristics by 2025 and a mature, internationally
HAIKOU, June 1 -- In June 2020, China released a master plan to develop Hainan into a globally influential and high-level free trade port by the middle of this century. Over recent years, the
China released a master plan for the Hainan free trade port, aimed at building it into a high-level port facility by 2025.
Hainan Free Trade Port is a free trade port in Hainan, China. As an offshore island, Hainan is also the largest special economic zone in the People''s Republic of China (PRC). It is regarded as a special area for China to comprehensively deepen economic reform and experiment with the highest level of opening-up policies. Hainan Free Trade Port is not a port in the usual sense, as the entire
This business model is highly applicable to the Hainan FTP tariff-free policy. In April 2018, China announced a decision to develop Hainan into a pilot
On December 18, 2025, the Hainan Free Trade Port (FTP) officially commenced island-wide customs closure operations. This initiative is far more than a simple policy adjustment; it
On December 18, 2025, the Hainan Free Trade Port (FTP) officially commenced island-wide customs closure operations.
The General Administration of Customs held a press briefing on November 18 to introduce the overall situation of customs support for the construction of the Hainan Free
Hainan Free Trade Port is a new economic hub in China that offers reduced taxes, relaxed regulations, and easier access to the
As a new frontier of China''s open economy, Hainan provides a platform for the digital economy and innovative industry bursting with opportunities for global investors thanks
China''s Hainan is set to enhance and simplify foreign exchange processes and achieve free flows of cross-border capital.
2. Why China selected Hainan for its first Free Trade Port 2.1. Geographical location and natural resources 2.2. Early achievements of
An aerial photo taken on Feb. 6, 2025 shows the completed centralized inspection site project of Xinhaigang and Nangang "Second-Line Port" (for freight) in Haikou, south
Since 2018, the local authorities in Hainan and relevant central ministries and commissions, with the support of the Chinese central
On June 30th, China Mobile''s Hainan International Data Center project, located in Haikou''s Jiangdong New Area, completed commissioning as scheduled and smoothly began
With a zero-tariff system fundamentally in place after the independent customs operation, high-quality global resources can flow into Hainan with greater freedom and
Unique opening China already has 22 free trade zones (FTZs), but Hainan represents a fundamentally different level of openness. Most FTZs are limited to specific urban
Since 2018, the local authorities in Hainan and relevant central ministries and commissions, with the support of the Chinese central government, have carried out and
The Ministry of Commerce will make more efforts to support Hainan in aligning with high-standard international economic and trade rules, enhancing institutional openness, and
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On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
The Ministry of Commerce will make more efforts to support Hainan in aligning with high-standard international economic and trade rules, enhancing institutional openness, and fostering new growth drivers through targeted measures, Jiang said.
HAIKOU, China, Dec. 18, 2025 /PRNewswire/ -- A report from Hainan International Media Center: China's southern island province of Hainan officially launched island-wide special customs operations on Thursday, a key step in developing the Hainan Free Trade Port (FTP) into a globally influential high-level free trade zone by the mid-century.
With a zero-tariff system fundamentally in place after the independent customs operation, high-quality global resources can flow into Hainan with greater freedom and efficiency, Wu said. Trade liberalization and facilitation are defining features of a free trade port.