Core Viewpoint - The implementation details for the cross-border asset management pilot program in Hainan Free Trade Port have been released, emphasizing that trial asset management products for foreign investors must be settled in RMB [1] Group 1: Regulatory Framework - The guidelines were jointly issued by several regulatory bodies, including the People's Bank of China Hainan Branch and the National Financial Regulatory Administration Hainan Bureau [1] - The pilot program includes publicly offered securities investment funds classified as "R1" to "R4" risk levels by issuing and sales institutions [1] - Private asset management products from securities fund futures operating institutions, also classified as "R1" to "R4," are included in the scope of the pilot [1] Group 2: Product Scope - Insurance asset management products issued by insurance asset management companies are part of the pilot program [1] - Other asset management products recognized by the National Financial Regulatory Administration and the China Securities Regulatory Commission can also participate in the pilot [1]
《海南自由贸易港跨境资产管理试点业务实施细则》发布:境外投资者投资的试点资管产品应当以人民币计价结算
news flash·2025-07-21 09:25