海南自贸港跨境资管试点在即 银行积极筹备参与

Group 1 - Hainan Province is implementing a three-year action plan (2025-2027) to accelerate the construction of a modern industrial system with unique advantages, focusing on financial reforms and expanding the EF account pilot program [1] - The cross-border asset management pilot program, with a net inflow limit of 10 billion RMB, will start on August 21, 2023, and aims to attract global investors [2][5] - The pilot program allows for a diverse range of investment products, including private asset management products and publicly offered securities investment funds, targeting both institutional and individual foreign investors [2][3] Group 2 - The pilot program requires asset management products to be settled in RMB, with funds directed towards the domestic market, and foreign investors can open RMB settlement accounts in Hainan [3] - The People's Bank of China has set an initial cap on the pilot program's scale, which may be adjusted based on economic and market conditions [5][6] - The cross-border asset management pilot is expected to enhance the internationalization of the RMB by providing new channels for offshore RMB to flow back into the domestic market [5] Group 3 - The expansion of the EF account business has seen significant growth, with 273 new EF accounts added in the first half of the year, totaling a transaction volume of approximately 91.8 billion RMB [9] - The cross-border capital centralized operation center has been established to optimize cross-border fund allocation for enterprises, enhancing efficiency and reducing costs [8] - Several companies, including Yuan Cheng Technology and Hainan Natural Rubber Industry Group, have been recognized as cross-border capital centralized operation centers, benefiting from the new financial policies [8]