According to the CITIC Construction Investment Research Report, the Hainan customs closure policy is an important step in China's new round of reform and opening-up, and the depth of system design and policy coverage have reached an unprecedented level. Hainan is characterized by a “global system breakthrough”. It has built a free trade port policy system through a “zero tariff, low tax rate, and simplified tax system”, which has significantly reduced the operating costs of enterprises. In the financial sector, Hainan has implemented a “first-line liberalization and second-line control” supervision model to promote the liberalization and facilitation of cross-border capital flows. The establishment of the EF account system has also provided an infrastructure upgrade for financial openness. Under policy dividends, Hainan is expected to become a hot spot for industrial migration. High-end manufacturing, aviation logistics, digital economy and other industries may gather in Hainan, forming a new economic growth point. At the same time, Hainan has effectively boosted overseas consumption and enhanced its status as an international travel consumption center through measures such as easing the visa-free policy and optimizing the travel environment. In terms of population migration, the relaxation of the Hainan settlement policy and talent introduction plan have significantly promoted the optimization of the population structure and the urbanization process. The influx of highly qualified talents has provided strong talent support for the construction of the Hainan Free Trade Port. However, Hainan's customs closure policy also faces risks and challenges such as the deterioration of international economic and trade relations and rising protectionism in global trade, limiting population migration in Hainan. Overall, Hainan's customs closure policy will significantly enhance Hainan's position in the global value chain and inject new impetus into the high-quality development of the Chinese economy. In the future, Hainan needs to continue to deepen policy implementation, strengthen risk prevention and control, and promote the construction of a free trade port to continuously achieve new results.

According to the CITIC Construction Investment Research Report, the Hainan customs closure policy is an important step in China's new round of reform and opening-up, and the depth of system design and policy coverage have reached an unprecedented level. Hainan is characterized by a “global system breakthrough”. It has built a free trade port policy system through a “zero tariff, low tax rate, and simplified tax system”, which has significantly reduced the operating costs of enterprises. In the financial sector, Hainan has implemented a “first-line liberalization and second-line control” supervision model to promote the liberalization and facilitation of cross-border capital flows. The establishment of the EF account system has also provided an infrastructure upgrade for financial openness. Under policy dividends, Hainan is expected to become a hot spot for industrial migration. High-end manufacturing, aviation logistics, digital economy and other industries may gather in Hainan, forming a new economic growth point. At the same time, Hainan has effectively boosted overseas consumption and enhanced its status as an international travel consumption center through measures such as easing the visa-free policy and optimizing the travel environment. In terms of population migration, the relaxation of the Hainan settlement policy and talent introduction plan have significantly promoted the optimization of the population structure and the urbanization process. The influx of highly qualified talents has provided strong talent support for the construction of the Hainan Free Trade Port. However, Hainan's customs closure policy also faces risks and challenges such as the deterioration of international economic and trade relations and rising protectionism in global trade, limiting population migration in Hainan. Overall, Hainan's customs closure policy will significantly enhance Hainan's position in the global value chain and inject new impetus into the high-quality development of the Chinese economy. In the future, Hainan needs to continue to deepen policy implementation, strengthen risk prevention and control, and promote the construction of a free trade port to continuously achieve new results.