This milestone marks a groundbreaking leap in China''s customs governance: it heralds the birth of the nation''s first-ever FTP and realizes a pivotal upgrade—elevating Hainan Island from a Free Trade
As global trade faces rising tariffs and growing protectionism, China is moving in the opposite direction by opening one of its doors wider. That door is Hainan, a tropical island now being
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 implemented
Hainan Free Trade Port''s island-wide customs closure operation hardware and software conditions are ready. “First line” customs clearance becomes more convenient, “second line”
China''s Hainan Free Trade Port (FTP) will officially launch an island-wide independent customs operation on Dec. 18, 2025, which opens up more opportunities for the development of
Future supply chains could follow a “Hong Kong ordering – Hainan production – global sales” model, with Hong Kong focusing on international finance, legal, arbitration, and high-end
This article introduces the development process and main characteristics of China''s Hainan Free Trade Port (Hainan FTP) and analyses the risks and challenges China Customs may encounter in matching
Starting on Dec. 18, the special customs operations will increase the proportion of zero-tariff products in the Hainan FTP from 21 percent to 74 percent, while further opening up the local
Substantial progress has been achieved in developing the Hainan FTP, and the essential conditions for its island-wide special customs operations have been met, Chinese Vice Premier He
China has issued a plan outlining financial support to Hainan last week to serve the free trade port construction, including allowing for the establishment of joint-venture banks and qualified non
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