Hainan FTP in Action: China Opens Its Door Wider | SFC Markets and Finance

By Gao Jianghong, Yinong Li, SFC, 21st Century Business Herald

On December 18, China’s Hainan Free Trade Port officially launched island‑wide special customs operations, creating a special customs supervision zone that links overseas markets with the Chinese mainland more smoothly under a “free first line, regulated second line” system. 

The first truck shipment of 410,000 latex catheters from Hainan Weili Medical Technology Development Co., Ltd., sailed out of Hainan via Xinhai Port and is now on its way to Guangdong before heading overseas. Since the 2023 pilot of the value‑added processing policy, the company has saved nearly 4 million yuan in tariffs, highlighting how the Free Trade Port is promoting China’s higher‑level opening up and enabling local products to reach global markets more efficiently.

Chief Producer: Zhao Haijian

Supervising Producer: Shi Shi

Editor: Shi Shi

Reporter: Gao Jianghong, Li Yinong

Video Editor: Li Qun

Poster Designer: Yang Yanyan

New Media Coordination: Ding Qingyun, Zeng Tingfang, Lai Xi, Huang Daxun

Overseas Operations Supervising Producer: Huang Yanshu

Overseas Content Coordinator: Huang Zihao

Overseas Operations Editors: Zhuang Huan, Wu Wanjie, Long Lihua, Zheng Quanyi 

Produced by: Southern Finance Media Gorp.