Curated News
By: NewsRamp Editorial Staff
June 29, 2026
Hainan Free Trade Port's First Six Months See 54.6% Trade Surge
TLDR
- Hainan's foreign trade surged 54.6% with zero-tariff imports up 120%, offering businesses tariff savings and market access advantages.
- Hainan signed MOUs with Hong Kong chambers to establish liaison mechanisms and service desks for trade and investment collaboration.
- The partnership between Hainan and Hong Kong creates opportunities for economic growth and cross-cultural business exchange.
- Zero-tariff items now cover 74% of tariff lines, benefiting over 12,000 market entities in Hainan.
Impact - Why it Matters
This news matters because it demonstrates the tangible success of the Hainan Free Trade Port's special customs operations, which are designed to attract foreign investment and boost trade. For businesses, the port offers a unique gateway to the Chinese market with zero-tariff benefits and streamlined procedures. The deepened cooperation with Hong Kong enhances regional connectivity, providing companies with easier access to both mainland China and global markets. As global trade dynamics shift, Hainan's model could serve as a blueprint for other free trade zones, making it a critical development for international businesses and investors seeking new opportunities in Asia.
Summary
Hainan Free Trade Port (FTP) has achieved remarkable growth in its first six months of full special customs operations, with foreign trade surging 54.6% year-on-year to RMB 173.98 billion as of June 17. Zero-tariff imports jumped 120%, saving RMB 440 million in tariffs, while over 172,000 new market entities registered, including 1,240 foreign-invested enterprises. These milestones were highlighted during a Hainan provincial delegation's three-day visit to Hong Kong, where they signed deepened cooperation agreements with major chambers of commerce, including the Chinese General Chamber of Commerce, Hong Kong, and the Hong Kong General Chamber of Commerce, under the auspices of Media OutReach Newswire.
Under the MOUs, CCPIT Hainan and the Hong Kong chambers will establish a regular liaison mechanism for periodic exchange of economic and trade information, and promote collaboration in professional services, green finance, the digital economy, supply chain management, and cultural tourism. Mutual enterprise service desks will provide policy and project consulting, leveraging complementary strengths to help mainland enterprises access overseas markets via Hong Kong while facilitating Hong Kong companies' entry into the Chinese mainland through Hainan. Talks were also held with the British Chamber of Commerce in Hong Kong and the American Chamber of Commerce in Hong Kong, exploring how British and American businesses can utilize Hainan's value-added processing tariff exemptions and multifunctional free trade accounts for regional supply chains and cross-border investment. HSBC and De Beers are already active in Hainan, and the UK was Guest of Honor at the 2025 China International Consumer Products Expo.
Industry analysts note that amid shifting global trade dynamics, Hainan is leveraging Hong Kong's "super-connector" role to accelerate integration with global capital and business networks, while offering Hong Kong businesses a policy testing ground for entering the Chinese mainland market. This strategic partnership underscores Hainan's ambition to become a key hub in international trade and investment, benefiting from its unique zero-tariff regime and streamlined customs procedures.
Source Statement
This curated news summary relied on content disributed by Media Outreach. Read the original source here, Hainan Free Trade Port's First Six Months See 54.6% Trade Surge
