The Haikou Integrated Free Trade Zone (formerly the Haikou Comprehensive Bonded Zone) is the first comprehensive bonded zone in Hainan, the main pilot zone and “incubator” for Hainan Free Trade Port policies, and an important platform for Hainan’s opening up and cooperation with the outside world. It is divided over three areas: the Jinpan Road area in urban Haikou, Laocheng Town in Chengmai, and Haikou Meilan International Airport.
By making full use of overlapping preferential policies as “a part of the free trade port + a comprehensive bonded zone” and actively expanding the pilot implementation of a two-tiered import-export management system characterized by “free flow through the first line and efficient control at the second line,” the Haikou Integrated Free Trade Zone has been focusing on the development of duty-free goods, international trade, advanced manufacturing, modern logistics, aviation maintenance, and other specialty industries. It ranks among China's 100-billion-yuan-level parks and been approved to be built into a 100-billion-yuan cluster for premium consumer goods trade and processing industries. Seven domestic duty-free licensed enterprises including CDF have set up operation headquarters or logistics supply chain centers in the zone. A number of iconic foreign investment projects, such as LVMH, Estée Lauder, De Beers, Bvlgari, Tapestry, Bolloré, and Swire Coca-Cola, have been introduced into the zone. Well-known logistics enterprises, including Kerry EAS, SF, Cainiao, Bondex, and East Top, operate more than 300,000 km² of imported consumer goods warehouses in the zone.
With its focus on duty-free goods and international trade, Haikou Integrated Free Trade Zone makes full use of policies such as the 30% value-added processing import duty exemption policy and 15% caps on corporate and individual income tax. It strives to create a processing and manufacturing industry cluster and lead the high-quality development of the regional real economy by guiding enterprises such as De Beers Jewelry, Fosun Pharma, CCGB and Joiva Group to carry out high-value-added processing and manufacturing of jewelry and diamonds, household medical equipment and high-end foodstuffs.
The Haikou Integrated Free Trade Zone adopts a two-tiered import-export management system characterized by “free flow through the first line and efficient control at the second line to expand pilots, gives full play to the overlapping preferential policies bestowed on it as a special customs supervision area and a part of the free trade port, continues to focus on imported consumer goods, advanced manufacturing, international trade and other sectors, and strives to create a promising land featuring a “comprehensive bonded system + advanced manufacturing” for industrial development.
Focus
Imported consumer goods
Advanced manufacturing
International trade
Modern logistics
Financial leasing
Bonded aviation maintenance
Aviation materials trade