# Hainan Free Trade Port
Latest news and articles about Hainan Free Trade Port
Total: 2 articles found
China Establishes New Hainan Hub to Turn Wenchang into a National Launch and Aerospace Manufacturing Base
China has formally established a Hainan New Area of the China Academy of Launch Vehicle Technology in Wenchang, creating a consolidated local structure for R&D, assembly, testing and launch services. The move leverages Hainan's low latitude and free‑trade policies to accelerate China's aerospace industrialisation and improve its launch capacity for both commercial and dual‑use missions.
China Opens Hainan to Duty‑Free In‑Island Shopping — But Limits and Controls Come First
China’s finance, customs and tax authorities have authorised a zero‑tariff scheme for qualifying imported goods bought by residents inside Hainan Free Trade Port, exempting customs duties, VAT and consumption tax within a positive list and an annual per‑person cap of RMB 10,000. The policy applies to Hainan residents and foreign residents with permits, requires purchases at designated duty‑free shops, forbids resale, and places anti‑smuggling responsibilities with the Hainan government.