海南：自贸港金融对外开放水平进一步提升

Core Insights - The Hainan Free Trade Port is deepening cross-border investment and financing reforms, enhancing the level of financial openness [1] Group 1: Cross-Border Financial Activities - The multi-functional free trade account (EF account) in Hainan has facilitated the free flow of cross-border funds, with over 600 EF accounts opened and a transaction volume exceeding 200 billion RMB as of the end of September [1] - The EF accounts have enabled fund transfers with 76 countries and regions [1] Group 2: Pilot Programs and Business Expansion - The high-level opening of cross-border trade and investment pilot programs continues to expand, with 14 banks in the region approved for pilot business as of the end of September [1] - The total amount of pilot business under the current account reached 42.311 billion USD, benefiting 184 quality enterprises, while the capital account pilot business amounted to 2.8 billion USD, benefiting 100 enterprises [1] Group 3: Cross-Border Asset Management - Substantial progress has been made in the pilot work for cross-border asset management, with the implementation guidelines issued in July [1] - Four pilot issuing institutions have had their scales determined, with a total pilot scale application of 5 billion RMB, and two pilot institutions have completed fund transfers for products issued to foreign investors [1]