跨境资金“高速路”，海南EF账户结算超千亿｜活力中国调研行

Core Viewpoint - Hainan Free Trade Port is becoming a hub for multinational companies, facilitating cross-border capital flow through the implementation of the multi-functional EF account, which is seen as a significant financial infrastructure for the port's operations [1][4]. Summary by Sections EF Account Overview - The EF account is a unified onshore and offshore currency account system established by banks in Hainan Free Trade Port, categorized into four types based on the account holder: EFE, EFN, EFF, and EFU accounts [3]. - The EF account enhances the efficiency of fund transfers between domestic and foreign accounts, significantly improving the convenience of cross-border trade and investment for enterprises [3]. Benefits for Enterprises - Enterprises can complete cross-border fund transfers for current account transactions with just a payment instruction, eliminating the need for extensive documentation and approval processes [3]. - The EF account allows businesses to bypass restrictions related to foreign debt and cross-border financing, reducing operational costs and barriers [3]. Application and Impact - The EF account's application scenarios are expanding, covering various financial activities such as cross-border trade settlement, foreign exchange transactions, loans, and foreign investment [4]. - The account supports multiple currencies, including USD, EUR, and JPY, allowing companies to choose between onshore and offshore exchange rates for better financial management [4]. Efficiency and Growth - Companies report significant improvements in the efficiency of cross-border transactions, with processes that previously took 1-2 days now completed in 2-3 hours [6]. - As of August 2025, the China Bank Hainan branch has opened EF accounts for 61 market entities, processing 601 transactions totaling 27.929 billion yuan, with the provincial banking system having over 500 EF accounts and a transaction volume exceeding 170 billion yuan [6]. Future Prospects - The EF account is expected to provide robust financial support for higher levels of openness in Hainan Free Trade Port post-closure, with ongoing adjustments to policies and rules to meet the diverse financial needs of enterprises engaged in international trade [7].