Five years on, China speeds its way to build Hainan free trade port
In the next step, Hainan will implement high-standard international economic and trade rules, and integrate into the global network of high-standard free trade zones, Liu said. It
In the next step, Hainan will implement high-standard international economic and trade rules, and integrate into the global network of high-standard free trade zones, Liu said. It
China''s Hainan is set to enhance and simplify foreign exchange processes and achieve free flows of cross-border capital.
Following the launch, exchanges between Hainan and the international market will become smoother and more seamless. At the same time, travel for business or tourism to the
At the forefront of this journey, the Hainan Free Trade Port enters a landmark year as it prepares to implement special customs operations and open its door even wider to the
China''s Hainan Free Trade Port will officially launch island-wide independent customs operation on December 18, 2025, completing its transition into a full-fledged Free
In April 2018, China announced plans to transform the island into a pilot free trade zone, with a long-term vision of developing a free trade port with Chinese characteristics. A
Hong Kong and other overseas traders see Hainan''s efforts to prepare for the launch of independent customs operation and the zero-tariff trade policy next year as another great
2. Why China selected Hainan for its first Free Trade Port 2.1. Geographical location and natural resources 2.2. Early achievements of
Hainan has transformed an entire island into a unified free trade port, with its own customs, tax, and regulatory system. Under the new policy, Hainan functions as a special
Comprehensive overview of Hainan Free Trade Port in China. Key features, advantages, tax and customs framework of the free port, and investment statistics.
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 Free Trade Port:The second China (Hainan) International Talent Exchange Conference will be held in Haikou, the capital of south China''s Hainan Province,
The construction of a free trade port in Hainan can strengthen economic, trade and investment ties with BRI partner countries, especially ASEAN countries, enhance the level of
The Hainan Free Trade Port ("Hainan FTP") in southern China officially launched island-wide special customs operations on December 18 2025, a key move to boost trade and
"We will strive to build the Hainan Free Trade Port into an important gateway leading China''s opening up in the new era, contributing to the sustained development of the Chinese economy
On December 4, 2024, the Ministry of Foreign Affairs (MFA)''s event of "presenting Hainan Free Trade Port to the world" themed "Local Practices
Big changes are underway in Hainan—and they''re designed to make everyday life smoother for residents, expats, and businesses alike. China''s Hainan Free Trade Port will
HAIKOU — President Xi Jinping has called for accelerating the development of Hainan into a free trade port with Chinese characteristics and global influence. Xi, also general
"We will strive to build the Hainan Free Trade Port into an important gateway leading China''s opening up in the new era, contributing to the sustained
On December 18, 2025, the Hainan Free Trade Port (FTP) officially commenced island-wide customs closure operations.
Comprehensive overview of Hainan Free Trade Port in China. Key features, advantages, tax and customs framework of the free port,
The construction of a free trade port in Hainan can strengthen economic, trade and investment ties with BRI partner countries,
Explore the latest updates on the Hainan Free Trade Port, showcasing new customs operations and tax policies that enhance global trade relations.
China is intensifying its institutional opening-up by moving toward "customs closure" in the Hainan Free Trade Port.
On May 6, Bank of Communications Hainan Branch opened a multi-functional free trade account in Hainan Free Trade Port for customers. (Photo courtesy of Bank of Communications Hainan
Following the launch, exchanges between Hainan and the international market will become smoother and more seamless. At the
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Big changes are underway in Hainan—and they’re designed to make everyday life smoother for residents, expats, and businesses alike. China's Hainan Free Trade Port will officially launch island-wide independent customs operation on December 18, 2025, completing its transition into a full-fledged Free Trade Port.
In April 2018, China announced plans to transform the island into a pilot free trade zone, with a long-term vision of developing a free trade port with Chinese characteristics. A master plan released in 2020 aimed to make Hainan a globally influential hub for high-level openness by mid-century.
Wang Yang publishes an official definition of a free port in the People’s Daily. Announcement of a free trade zone covering the entire island of Hainan during the 30th anniversary of the Special Economic Zone. Launch of the Master Plan for the construction of the Hainan Free Port, aiming for global status by 2050.
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.