At least 56 policies have been issued in half a year to promote the construction of Hainan free trade port

 At least 56 policies have been issued in half a year to promote the construction of Hainan free trade port

Generally speaking, the relevant policies and measures to promote the construction of Hainan free trade port mainly focus on three major directions, Dong zhongyun, chief economist of AVIC securities, said in an interview with Securities Daily. First, investment is free and convenient. Hainan free trade port implements no ban or entry, and the government mainly performs its regulatory obligations through supervision during and after the event, which further clarifies the relationship between the government and the market and helps the market play a decisive role in the allocation of resources. At the same time, through a series of systems, such as increasing the opening of service industry, implementing national treatment before foreign investment admission, and implementing negative list management, it will facilitate the import and export of domestic and foreign funds in Hainan free trade port, which is conducive to attracting global capital convergence.

Second, there is zero tariff for goods trade. Through the one negative and three positive list, Hainan free trade port implements the zero tariff policy on the import of equipment for self use, the means of transportation for operation, the import of raw and auxiliary materials used for production and processing activities or the mode of production and processing at both ends of the country, as well as the imported goods consumed by the island residents. On November 11, the Ministry of finance, the General Administration of customs and the State Administration of Taxation jointly issued the notice on the zero tariff policy for raw and auxiliary materials of Hainan free trade port, and the first zero tariff commodity list of Hainan free trade port was released. On November 30, the General Administration of Customs formulated and issued the measures for customs supervision of imported zero tariff raw materials and auxiliary materials in Hainan free trade port, which clarified the relevant issues involved in customs declaration and other operations involved in enterprises carrying out zero tariff raw and auxiliary materials business. It is expected that more detailed policies will be implemented in the future. On the one hand, the relevant policies can reduce the cost of purchasing raw materials, production and operation equipment, research and development equipment, improve the profit margin of enterprises, encourage more enterprises to settle production, R & D and other links in Hainan free trade port, promote the development of local industries in Hainan and realize the optimization and upgrading of the supply side. On the other hand, it can reduce the living cost of local residents, stimulate local consumption and boost the demand side. The combination of supply and demand will jointly promote Hainans economic development.

Third, enterprise and individual income tax rate reduction. For example, for the encouraged industrial enterprises registered in Hainan free trade port and operating in essence, the enterprise income tax will be reduced by 15%, and the qualified high-end and short-term talents working in Hainan free trade port will be exempted from individual income tax, and the actual tax burden of more than 15% will be exempted. Such policies will attract and encourage enterprises of related industries to settle in and promote the adjustment of local industrial structure. At the same time, the industrial development cannot be separated from the supply of relevant talents. Attracting talents through tax reduction and exemption will provide an essential talent dividend for Hainans economic development.

Xiao Benhua, vice president of the Free Trade Zone Research Institute of Shanghai Lixin Institute of accounting and finance, said in an interview with Securities Daily, the relevant policies to promote the construction of Hainan free trade port are: first, focus on promoting the integrated innovation and reform of industrial park development system. On September 1, the general office of Hainan Provincial Government printed and issued the system integration and innovation reform plan of Hainan free trade port Boao Le City International Medical Tourism pilot area, which can be summarized as four freedom and convenience, two medical model innovation, two fields of comprehensive implementation of minimalist approval reform and a set of process supervision system. This is Hainan free trade ports first park system integration innovation reform plan, with great innovation and high degree of integration. Second, we should truly achieve benchmarking and make breakthroughs in key policies. For example, the Yangpu free trade port area and other special areas will take the lead in implementing the rules of origin, that is, if there are imported articles in the raw materials used for production, if the added value exceeds 30% in the special areas, the products produced will enter the mainland market of China without further tariff payment. This policy has strong international competitiveness. .

Talking about the next step in promoting the construction of Hainan free trade port, how to make efforts? Dong zhongyun suggested that, first of all, we should firmly grasp the strategic opportunity period of building a new system of higher-level open economy and comprehensively improve the level of opening-up, make good use of relevant policies, and relevant policy details should be implemented as soon as possible. Secondly, we should focus on innovation driven and high-quality development, further promote institutional innovation at both ends of supply optimization and demand expansion, and attract all kinds of high-quality resources to gather. Finally, in dealing with the relationship between the government and the market, we should further streamline administration and decentralization, simplify all kinds of administrative examination and approval, strengthen the construction of service-oriented government, and continuously optimize the business environment in Hainan.

Source: Yang Qian_ NF4425