（经济观察）四度赴港发债 琼港合作助推海南自贸港金融创新开放

Group 1 - Hainan Province successfully issued 5 billion RMB offshore local government bonds in Hong Kong, marking the fourth issuance since 2022 [1] - The issuance is part of Hainan's efforts to align with international trade rules and attract international capital for key industry development [1] - The bonds have a maturity of 3, 5, and 10 years, with funds directed towards marine protection, social welfare, and aerospace-related projects, including China's first local government bond themed on aerospace [1] Group 2 - The issuance attracted participation from commercial banks, funds, brokerages, and asset management companies across Europe and Asia, with peak orders reaching nearly 23 billion RMB, indicating strong international confidence in Hainan's credit strength and development prospects [1] - Hainan will continue to utilize the multi-functional free trade account (EF account) for bond fund settlement, enhancing cross-border capital flow since its launch in May 2024 [2] - The EF account has facilitated over 120 billion RMB in business volume with 48 countries and regions, reflecting the importance of cross-border capital flow in Hainan's free trade port design [2] Group 3 - Financial cooperation between Hainan and Hong Kong is intensifying, with a memorandum signed in March 2023 to deepen collaboration in finance among other sectors [3] - The launch of the "cross-border payment" service by six pilot banks in June 2023 allows for instant cross-border remittances between Hainan and Hong Kong [3] - Hainan's full island closure operation is set to begin on December 18, 2023, presenting significant opportunities for institutional innovation and cross-border finance [3]