The Impact of Zero Tariff Policy on Tourism Capital Operation in Hainan and Its Strategy

Abstract

As a core policy of Hainan Free Trade Port, the zero-tariff policy has injected strong momentum into tourism capital operations by reducing investment costs, stimulating consumer demand, facilitating cross-border capital flows, and promoting industrial ecosystem restructuring and capital allocation optimization. However, the rapid capital accumulation during policy implementation has triggered practical challenges including inadequate regulatory adaptation, intensified homogeneous competition, and amplified exchange rate risks. Against the backdrop of Hainan Free Trade Port development, this study systematically analyzes the multidimensional impacts of zero-tariff policies on tourism capital operations through policy transmission mechanisms. It constructs a new capital operation system integrating "supply chain + finance + data", proposes a three-dimensional strategy of "market optimization, regulatory adaptation, and risk hedging" with implementation pathways, and provides theoretical support and practical references for Hainan to consolidate its position as an international tourism consumption hub and achieve efficient, sustainable tourism capital operations.