海南自贸港跨境资管试点8月21日启动！100亿规模引各大银行争抢申请

Core Viewpoint - The cross-border asset management pilot program in Hainan Free Trade Port is set to launch, with major banks actively preparing to participate. The implementation details will take effect on August 21, marking a significant step in financial openness [1]. Group 1: Pilot Program Overview - The pilot program will use RMB for settlement, with an initial total scale limit of 10 billion RMB, providing a new channel for foreign investors to access the domestic market [1]. - Banks in Hainan, including Hainan Bank, are preparing to apply for participation in the cross-border asset management business, aiming to obtain relevant qualifications at the program's launch [3]. Group 2: Institutional Roles and Responsibilities - The pilot program involves three main entities: pilot banks, issuing institutions, and sales institutions. Pilot banks will open investment accounts for foreign investors and provide services such as fund transfer and settlement [4]. - Regulatory responsibilities are clearly defined, with the People's Bank of China overseeing the management of issuing institutions' pilot scale, while local financial regulatory bodies handle daily supervision [4]. Group 3: Investment Products and Mechanism - Foreign investors can open RMB bank settlement accounts and free trade accounts in Hainan to purchase pilot asset management products, which include a range of investment products with risk levels from R1 to R4 [4]. - All pilot asset management products must be settled in RMB, with raised funds directed towards the domestic market, creating a complete fund management system [4].