The “2025 Sanya Finance International Forum and the 5th Sanya Wealth Management Conference” was held on December 27. William Purpla, chairman of the New York Mercantile Exchange Council, said that the customs closure and operation of the Hainan Free Trade Port represents an important institutional moment. International experience shows that the next stage will determine its future no longer the amount of preferential policies, but rather predictability, operational efficiency, transparency, and institutional credibility. William Purpura said that what really determines competitiveness is not tax benefits, but certainty. It is this predictability that reduces risk premiums, improves market liquidity, and attracts long-term, continuous market participation. For Hainan, policy stability and uniform implementation of rules may be more important than additional incentives. Hainan not only has the opportunity to benchmark against international standards, but also to show the world how a modern free trade port can operate confidently and steadily in the multilateral trading system.

The “2025 Sanya Finance International Forum and the 5th Sanya Wealth Management Conference” was held on December 27. William Purpla, chairman of the New York Mercantile Exchange Council, said that the customs closure and operation of the Hainan Free Trade Port represents an important institutional moment. International experience shows that the next stage will determine its future no longer the amount of preferential policies, but rather predictability, operational efficiency, transparency, and institutional credibility. William Purpura said that what really determines competitiveness is not tax benefits, but certainty. It is this predictability that reduces risk premiums, improves market liquidity, and attracts long-term, continuous market participation. For Hainan, policy stability and uniform implementation of rules may be more important than additional incentives. Hainan not only has the opportunity to benchmark against international standards, but also to show the world how a modern free trade port can operate confidently and steadily in the multilateral trading system.