After Hainan's Closure to Customs, Individuals Cannot Enjoy Zero-Tariff Luxury Car Policy

[Policy Interpretation] Hainan’s customs closure does not mean individuals can buy imported luxury cars at half price.

⚡ Key Development: Zero Tariffs Apply Only to Enterprises, Not Individuals

The Bentley Bentayga V8, priced at RMB 3.6 million on the mainland, is listed for RMB 2.07 million in Hainan, sparking public discussion about “half-price luxury cars.” However, the policy clearly states that zero-tariff imported vehicles are exclusively available to qualified enterprises registered in Hainan, such as those in tourism or transportation sectors engaged in commercial operations. Additionally, these vehicles must be registered and licensed under Hainan’s FTP (Free Trade Port) system and used strictly for approved purposes.

🔍 Strategic Foundation: Customs Closure Aims to Advance High-Quality Opening of the Free Trade Port

The National Development and Reform Commission (NDRC) emphasizes that “customs closure” does not mean “island lockdown.” Instead, it establishes a special customs supervision zone that efficiently connects international markets with mainland China. While individual consumers can still enjoy duty-free daily necessities, the tariff exemption benefit for imported passenger vehicles does not extend to individual users, and cross-regional usage of such vehicles is also restricted.

💡 Industry Impact: Curbing Speculative Expectations and Focusing on the Real Economy

This policy closes potential loopholes, ensuring that zero-tariff resources serve local industrial operations rather than becoming tools for personal arbitrage, thereby guiding the market toward a rational understanding of the benefits offered by Hainan’s Free Trade Port.