Imagine a cargo ship departing from Singapore, which originally needed to pay expensive transit fees and endure long waiting times. But now? It can sail straight to Yangpu Port in Hainan, where it completes over 30% of value-added processing, and then enters the world's largest consumer market—China—duty-free. This transformation officially becomes a reality starting December 18, 2025.

The full island closure operation of Hainan Free Trade Port has been launched. Don't be scared by the term "closure"; it is not self-isolation at all, but rather a major move — "first line open, second line controlled, free within the island." In simple terms, over 6,600 types of goods can enjoy zero tariff treatment, and the overall tax rate jumps directly to 74% from a certain level. Such a level of openness is rare even among global free trade zones.

Interestingly, while the traditional trade system is redefining circulation rules, the world of crypto finance is doing the same thing—only with a different logic. The emergence of decentralized finance and stablecoins (like USDD) is essentially exploring new ways for cross-border settlement and asset circulation. These two seemingly unrelated fields are actually answering the same question: how to create a more efficient and lower-cost global collaboration mechanism?

Speaking of which, many people tend to simply compare Hainan with Singapore and Hong Kong. In fact, the differences are quite significant. Singapore relies on its geographical advantage (the Strait of Malacca) and decades of accumulated financial services, functioning as a highly efficient "five-star transit hub." However, Hainan's approach is different. Its trump card is the national-level institutional innovation authority, backed by a vast domestic market. The core weapon is the policy of "processing and value-added over 30% exempt from tariffs"—this means that global raw materials and components have the opportunity to be value-added in Hainan and then enter the Chinese market at low cost. This is an innovation at the level of rules, not just an advantage of geographical location.