海南自贸港18日启动全岛封关，封关三项金融准备工作均完成

Core Viewpoint - Hainan Free Trade Port is set to officially launch its full island closure on December 18, with all three financial preparations completed for cross-border capital flow management [2] Group 1: Financial Preparations - The management system for cross-border capital flow has been further improved with the issuance of the "Hainan Free Trade Port Multi-Functional Free Trade Account Business Management Measures," providing institutional support for the free flow of cross-border funds [2] - The Multi-Functional Free Trade Account (EF Account) has been launched, which integrates domestic and foreign currency accounts to facilitate high-level free and convenient cross-border capital flow, supporting the development of Hainan's real economy [3] - A monitoring and early warning mechanism for cross-border capital flow has been enhanced, improving the ability to prevent cross-border financial risks [3] Group 2: Cross-Border Capital Flow Growth - As of October 2025, Hainan Province has 11 banks that have launched EF Accounts, with a total of 658 accounts opened, including 362 EFN accounts, 292 EFE accounts, 2 EFF accounts, and 2 EFU accounts, with a total business volume equivalent to RMB 268.9 billion [3] - Hainan has initiated a pilot program for cross-border asset management, with four institutions applying for a total issuance scale of RMB 5 billion, indicating a proactive approach to financial innovation [4] - From January to November 2025, Hainan's cross-border income and expenditure scale reached USD 101.61 billion, with an average annual growth rate of 55% since 2020, highlighting the effectiveness of financial support in building the Hainan Free Trade Port [5]