Special report on Hainan free trade port in 2020 From industrial securities

RecordTrend.com is a website that focuses on future technologies, markets and user trends. We are responsible for collecting the latest research data, authority data, industry research and analysis reports. We are committed to becoming a data and report sharing platform for professionals and decision makers. We look forward to working with you to record the development trends of today’s economy, technology, industrial chain and business model.Welcome to follow, comment and bookmark us, and hope to share the future with you, and look forward to your success with our help.

The following is the Special report on Hainan free trade port in 2020 From industrial securities recommended by recordtrend.com. And this article belongs to the classification: Brokerage Report, Investment & Economy.

The plan makes clear that the implementation scope of Hainan free trade port is the whole island of Hainan Island, and it is comprehensively elaborated from the four aspects of overall requirements, system design, step-by-step and phased arrangement, and organization and implementation. The development goal is to initially establish a free trade port policy system focusing on free trade and investment by 2025; to become a new highland of China’s open economy by 2035; and to build a high-level free trade port with international influence by the middle of this century.

Market access has been greatly relaxed, the income tax rate of encouraged enterprises has been reduced to 15%, the quota of tax-free shopping in outlying islands has been increased, and the categories have been expanded, and the tax exemption in the island has been added. (1) Market access: to be greatly relaxed and to enter the market only if it is prohibited. Before 2025, we will implement the “minimalist examination and approval” investment system, formulate and promulgate a special list of market access and a negative list of foreign investment access for Hainan free trade port; by 2035, we will realize the freedom and convenience of investment, and fully liberalize investment access except for special areas. (2) Tax system: zero tariff, low tax rate (15% enterprise income tax for encouraged industrial enterprises) and simplified tax system. (3) Tax free policy: the positive list management is implemented for the imported goods consumed by the island residents, and the tax-free purchase is allowed. For the goods and articles subject to “zero tariff” list management, import tariff, import value-added tax and consumption tax shall be exempted. The contents of the list will be adjusted dynamically by the relevant departments according to the actual needs and regulatory conditions of Hainan; the quota of duty-free shopping on outlying islands will be relaxed to 100000 yuan per person per year, and the categories of duty-free goods will be expanded.

With the joint efforts of many factors, Hainan’s “tax-free” and “tax-free” sales in Hainan are expected to increase significantly.

1) Potential shopping crowd: the passenger flow of Hainan Island will be 30 million in 2019. Through the expansion of new seaport and Meilan Airport, and the construction of Danzhou airport, Dongfang general airport and hongtangwan airport, it is expected that the number of tourists to the island will be further increased in the future, and the designed passenger flow can reach at least 46.04-48.54 million without considering the airport under planning.

2) In recent years, the entry rate of Sanya International duty-free city is on the rise. Hainan has formed an offline tax-free network of 2 Airport duty-free shops + 2 urban duty-free shops + 2 duty-free experience stores + each island channel has set up pick-up points. In the future, a number of duty-free shops and pick-up points will be added to continue to increase the store entry rate.

3) Shopping rate: in recent years, the shopping rate is on the rise in recent years. In 2019, the overall shopping rate of Hainan Island passenger flow caliber is 12.8%. Hainan online duty-free shops are optimized and upgraded, and the travel purchase mode of “online purchase, airport pick-up” is launched, and the off Island shopping mall is added to increase the number of shopping people. The new policy further enriches duty-free goods and significantly improves the shopping rate of tourists.

4) In recent years, the passenger unit price has increased year by year. In 2019, the unit price of Haimian and Sanya duty-free cities is 2000 yuan and 4823 yuan respectively. Under the influence of the new policy to increase the quota and expand the scope of duty-free goods, the per capita consumption of Hainan Island tourists is expected to increase from the current 454 yuan to about 6000-10000 yuan for ordinary Chinese tourists (excluding purchasing agents). Without considering the growth of tourists, the tax-free scale of outlying islands is expected to exceed 180 billion yuan.

Tax free on the island. From the comparison of the per capita consumption expenditure of Hainan residents and the national residents, it can be seen that the per capita consumption expenditure of Hainan local residents is lower than that of the national residents, but it has a strong consumption potential: the permanent population grows steadily, and the total amount of social zero keeps a high growth rate.

Under the orderly competition of Hainan duty-free market, CITS has obvious advantages in many aspects. We believe that CITS has obvious first mover advantage, geographical advantage, property advantage and scale advantage.

If you want to get the full report, you can contact us by leaving us the comment. If you think the information here might be helpful to others, please actively share it. If you want others to see your attitude towards this report, please actively comment and discuss it. Please stay tuned to us, we will keep updating as much as possible to record future development trends.