
Core Viewpoint - The EF account in Hainan Free Trade Port has successfully facilitated cross-border fund flows with 61 countries and regions within just over a year since its launch, significantly enhancing the ability of enterprises to "go global" [2][9]. Group 1: EF Account Launch and Initial Success - The EF account was officially launched on May 6, 2024, and has been described as a "highway" for cross-border fund flows, attracting strong interest from enterprises and financial institutions [3]. - The first overseas remittance of $13.75 million was successfully completed by Shide Group using the EF account, marking a significant milestone in its operational capabilities [2][5]. - The successful execution of the first overseas remittance has not only provided convenience for enterprises but also established a replicable model for financial institutions to follow in similar transactions [5][6]. Group 2: Expansion of Application Scenarios - Since its launch, the EF account has seen a continuous expansion of application scenarios, with various types of businesses successfully utilizing it for cross-border trade settlements, foreign exchange transactions, working capital loans, overseas remittances, and direct investments [9]. - As of June 2025, over 20 billion yuan has been processed through the EF account, indicating its growing importance in facilitating cross-border financial activities [8]. - The EF account has evolved from initial single transactions to multiple transactions, serving a broader range of market entities, including key enterprises in the manufacturing sector [6][9]. Group 3: Financial Infrastructure and Policy Benefits - The EF account has significantly improved the convenience and efficiency of trade and investment activities, reflecting the increasing openness of Hainan Free Trade Port and the diversification of trade and investment forms [9]. - The establishment of a standardized process for cross-departmental collaboration has been crucial in ensuring the effective implementation of policies related to the EF account [5][7]. - The continuous accumulation of operational experience and the development of a mature service system are laying the groundwork for the bulk development of future business activities [7].