» China's Hainan Province aims at officially completing its formal customs closure operations on 18 December 2025, making it the nation's first Free Trade Port (FTP).
There is no need to go through customs formalities for goods transshipped to the rest of China at the Hainan Free Trade Port. They shall be loaded and unloaded at the workplaces (sites) under customs supervision in the free trade port, stored separately from other goods under customs supervision, and identified with obvious marks.
26. Phased implementation. Based on different phases of the construction of Hainan Free Trade Port, zero tariffs, low tax rates and a simplified tax system will be arranged and implemented in steps to develop an internationally competitive tax system. (9) Social governance.
China already has 22 free trade zones (FTZs), but Hainan represents a fundamentally different level of openness. Most FTZs are limited to specific urban areas and focus on upgrading local industries. Hainan has transformed an entire island into a unified free trade port, with its own customs, tax and regulatory system.
The southern island of Hainan is the next experimental cross-border data hub. Last week, Hainan released two rules paving the way for international data services in its Free Trade Port.
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The "Regulations" support domestic and foreign enterprises in building international data centers in Hainan Free Trade Port and operating international data center businesses.
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We must work on and properly address new situations and new problems encountered in the construction of Hainan Free Trade Port, carry out pilot projects for some major policies and
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Hainan has transformed an entire island into a unified free trade port, with its own customs, tax and regulatory system.
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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
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The project will provide strategic support for scientific innovation, industrial upgrading, and cross-border data flows in the Free Trade Port, helping position Hainan as a hub for international
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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
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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
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This pressures Singapore to evolve from a “global transshipment station” to a “global high-tech shipping and supply chain management center,” focusing on high-end services like green
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It said that the new system will streamline imports and exports of raw materials, enabling it to build an international distribution network centered in Hainan. "Hainan will not just be a
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