Today (December 18, 2025) in Haikou, the Chinese mainland’s southern Hainan Province, Chinese Vice Premier He Lifeng announced the launch of island-wide special customs operations in the Hainan Free Trade Port (FTP). This move marks a major step in deepening reforms and boosting high-quality development across the tropical island. 🌴
The new customs regime allows freer entry of overseas goods, expands zero-tariff coverage, and simplifies tax procedures. Supported by zero tariffs, low tax rates, and a simplified tax system, Hainan FTP—now the world’s largest free trade port by area—aims to become a leading gateway for China’s opening-up in the new era. 🌐✨
Under the special customs supervision zone, businesses can expect faster clearances and smoother flows of goods, capital, personnel, and data. With Hainan just a 1.5-hour flight from the Hong Kong Special Administrative Region, the FTP is strategically positioned to link markets across Asia and beyond. ✈️📦
“This launch is an opportunity to deepen reforms in key sectors, improve risk prevention, and build Hainan FTP into a model for liberalization,” said He, who is also a Political Bureau member of the Communist Party of China Central Committee. Many view this as a landmark step amid rising protectionism worldwide. 💡
As Hainan embraces island-wide customs, investors and entrepreneurs are eyeing new opportunities in tourism, green energy, and tech. The stage is set for Hainan FTP to shine as China’s open door to global business in 2026 and beyond. 🚀
Reference(s):
cgtn.com
