Jun 20, 2026

China launched island-wide special customs operations in the Hainan Free Trade Port (FTP) on Dec. 18, 2025. Over the past six months, the Hainan FTP has seen a steady stream of policy dividends, a surge in market vitality, and a marked rise in its profile as an opening-up hub.

Data shows that from the launch of the special customs operations to May 31, Hainan added 1,240 foreign-funded enterprises, up 37.62 percent year on year. Zero-tariff imports more than doubled year on year, while the tariff-exemption policy on value-added processing generated 580 million yuan in domestic sales, with a reduction of nearly 30.25 million yuan in tariffs.

During the same period, offshore duty-free sales in Hainan reached 20.34 billion yuan, up 20.5 percent year on year. The province recorded more than 1.38 million inbound and outbound passenger trips, up 31.8 percent year on year, with visa-free entries reaching 352,000, a year-on-year rise of 42.4 percent.

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https://www.globaltimes.cn/page/202606/1363941.shtml