Hainan anchors aweigh

ON Dec 18 last year, the customs closure at Hainan Free Trade Port marked Hainan’s transition from Phase 1.0 Pilot Stage (2020–2025) to the Phase 2.0 Full Implementation Stage. This signals Hainan’s departure from policy experimentation to system-wide institutional deployment.

Hainan’s opening-up this time stands out as a top-down, policy-driven initiative, in stark contrast to earlier reform efforts that were largely bottom-up. This structural shift has positioned Hainan as a central topic in public and market discussions.