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News  ›  GlobeNewswire Inc.

Global Times: Hainan FTP launches island-wide special customs operations

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Global Times
Global Times: Hainan FTP launches island-wide special customs operations

China launched island-wide special customs operations in the Hainan Free Trade Port on December 27, 2025, expanding zero-tariff coverage from 21% to 74% of goods and increasing tariff-free product categories from 1,900 to over 6,600. The move marks a major milestone in China's reform and opening-up, with the first day seeing over 500 million yuan in zero-tariff imports and major companies like Siemens Energy and Zambon Pharmaceutical establishing operations.

Insights
SMNEY   positive

Siemens Energy became the first Fortune Global 500 company to establish operations in Hainan under the new FTP policies, receiving its business license on the launch day. This demonstrates confidence in the new regulatory environment and represents a significant business expansion opportunity.