Xinhua News Agency, Haikou, June 4 Question: Experts say that the policy highlights of Hainan Free Trade Port are mostly open

  China News Agency reporter Yin Haiming Wang Ziqian Zhang Qianyi

  "For the first time, the overall plan of the Hainan Free Trade Port systematically involves tax incentives and preferential treatment, which is beyond the current policy of the Free Trade Pilot Zone." Sheng Bin, Dean of the School of Economics of Nankai University and member of the China (Hainan) Free Trade Zone Expert Advisory Committee In a recent interview with a China News Agency reporter, the Hainan Free Trade Port tax rate is comparable to typical free ports such as Hong Kong and Singapore.

On June 1, the "Overall Plan for the Construction of Hainan Free Trade Port" issued by the Central Committee of the Communist Party of China and the State Council proposed to implement the policy of expanding the opening of the financial industry in Hainan Free Trade Port. The picture shows the aerial photography of Haikou Guoxing Avenue CBD. China News Service reporter Luo Yunfei

  Many policies in the "Overall Plan for the Construction of Hainan Free Trade Port" (hereinafter referred to as the "Overall Plan") have received much attention from all walks of life.

  Sheng Bin said that by 2035, the income tax of all registered enterprises (except for negative list industries) in Hainan Free Trade Port will be 15%, and the individual income tax rate for cumulative 183 days of residence will be over-progressed according to three levels of 3%, 10%, and 15%. The tax rate is conducive to enhancing the comprehensive international competitiveness of Hainan Free Trade Port in gathering international quality factors.

  Zhang Yong, a contracted expert from the Hainan Academy of Social Sciences and president of the Silk Road Research Institute (Haikou), said that high-tech industries are one of the three leading industries in Hainan in the future, and high-end manufacturing is currently the biggest weakness in Hainan. The industrialization of high and new technology, coupled with policies such as "zero tariff", is conducive to the great development of Hainan's high-end manufacturing industry. Deep sea, deep space, ecological and environmental protection, bio-pharmaceuticals, new energy vehicles, smart cars and other fields will be Hainan's very advantageous industries in the future, becoming Hainan's new kinetic energy for development.

  The "Overall Plan" proposes to build a "special customs supervision area". In Zhang Yong's view, this is a major breakthrough. "The original customs special supervision area has always been about innovations and breakthroughs in the customs system under the current system. Within the customs territory, the special customs supervision zone is a reengineering of the customs supervision system, from within the customs territory to outside the customs territory." He believes that when Hainan Island is closed to the island, it will be an important indicator of Hainan Free Trade Port construction.

  Huang Shengqiang, a professor at the Shanghai Customs College, said that the special economic functional zones such as free (trade) zones and free trade ports established around the world are basically at the same level as China's current customs special supervision zones. Hainan Free Trade Port not only implements the free trade facilitation of goods, but also the free trade facilitation of service trades. It not only refers to the zero tariff policy of free zones in the world, but also includes market access, technical standards, competition neutrality, services and digital trade. Standard high-level economic and trade rules. Therefore, regardless of the development stage of the global opening process, Hainan Free Trade Port has a higher level of opening compared with the special economic functions of the world.

  "Hainan Free Trade Port not only has the general characteristics of an international free trade port, but also reflects the future development trend." Shen Yuliang, a researcher at the Institute of World Economics, Shanghai Academy of Social Sciences, said that the cross-border flow of data as an important content of Hainan Free Trade Port not only conforms to the international The new trend in economic and trade rules also reflects the evolution of the free trade port.

  Shen Yuliang said that Hainan Free Trade Port, as the most open form of economic opening, has accelerated the breadth and depth of China’s trade opening, especially in the new era of digitally promoted trade economic globalization, and promoted the cross-border flow of data under the conditions of security and risk control , Not only in line with the development trend of the digital economy, but also reflects the trade form of digital services.

  Cao Yuanzheng, chairman and economist of BOC International Research Corporation, said that Hainan Free Trade Port is a major move for China's opening to the outside world by shifting from factor flow to rules and other mechanism-based openings, and has released a signal to the world to defend globalization. The core of the construction of Hainan Free Trade Port is to set standards and build rules. One is the access rules, that is, the negative list; the second is the pre-entry national treatment rules, regardless of whether Chinese or foreign-funded enterprises are treated equally; and the third is general preferential treatment. The construction of Hainan Free Trade Port with Chinese characteristics is to explore "Chinese standards" in the global economic and trade rules, which is the biggest contribution to China's reform and opening up.

  Cao Yuanzheng paid attention to the requirements for financial system innovation in the "Overall Plan". He believes that the construction of Hainan Free Trade Port is first and foremost to open up the service industry and lead the country's next reform and opening up process. The financial service industry is one of the most important service areas. Its open innovation degree is the main indicator to measure the business environment of a region. Hainan’s reform of the financial system requires a strategic awareness, which is an opportunity for Hainan. We must look for partners and talents who are open to finance from a global perspective. Optimize and expand FT accounts to prepare for undertaking reform and opening up in more areas.

  "The "Overall Plan" embodies the balance between openness, freedom and security." Sheng Bin said that on the one hand, through trade, investment, cross-border capital flows, people's entry and exit, transportation, free and convenient transportation and safe and orderly flow of data The six major areas have formed a high-level open policy system. On the other hand, they have strengthened the identification of major risks and the prevention of systemic risks, and targeted prevention of major risks in the six major areas of trade, investment, finance, data flow, ecology, and public health. This embodies the combination of "relaxability" and "controllability", laying a good institutional foundation for the governance capacity and modernization of the governance system of Hainan Free Trade Port.

  Sheng Bin also said that the "Overall Plan" pointed out the need to formulate and implement the Hainan Free Trade Port Law and support Hainan to fully exercise the legislative power of the special economic zone. This is the first time that China has legislated for the free trade port at the national level, reflecting the greater reform given to Hainan. Autonomy. (Finish)