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Hainan FTP Six-Month Milestone and Hong Kong Visit FAQ
Hainan Free Trade Port marked six months of special customs operations with surging trade and signed cooperation agreements with Hong Kong chambers to enhance economic collaboration.
The article covers the six-month milestone of Hainan Free Trade Port's special customs operations and a Hainan provincial delegation's visit to Hong Kong to sign cooperation agreements.
The visit aims to deepen cooperation with Hong Kong chambers of commerce, leveraging Hong Kong's 'super-connector' role to integrate Hainan with global capital and business networks, while offering Hong Kong businesses a testing ground for entering the Chinese mainland market.
As of June 17, Hainan's total goods imports and exports reached RMB 173.98 billion (about US$24 billion), a 54.6% year-on-year increase. Zero-tariff goods imports jumped 120% to RMB 2.645 billion, generating tariff savings of RMB 440 million.
The China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan) signed MOUs with the Chinese General Chamber of Commerce, Hong Kong and the Hong Kong General Chamber of Commerce.
The MOUs cover professional services, green finance, the digital economy, supply chain management, and cultural tourism. They also include setting up mutual enterprise service desks for policy and project consulting.
Zero-tariff items now account for 74% of all tariff lines, benefiting more than 12,000 market entities. Importers saved RMB 440 million in tariffs on zero-tariff goods.
HSBC and De Beers are mentioned as British firms active in Hainan. The UK served as Guest of Honor at the 2025 China International Consumer Products Expo.
A regular liaison mechanism for periodic exchange of economic and trade information will be established, along with mutual enterprise service desks to provide consulting services.
172,100 new market entities were registered, a 61% increase, including 1,240 foreign-invested enterprises.