央行：支持海南自贸港建设成型起势

Group 1 - The Hainan Free Trade Port officially launched its full island closure on December 18, with the People's Bank of China supporting the financial policies and institutional framework suitable for the port's development [1] - Three financial preparations for the closure have been completed, including the improvement of cross-border capital flow management, the launch of the multi-functional free trade account (EF account), and the enhancement of the cross-border capital flow monitoring and early warning mechanism [2] - As of October 2025, 11 banks, including the five major banks, have opened 658 EF accounts, with a total business volume of RMB 268.9 billion, facilitating capital transfers with 80 countries and regions [2] Group 2 - The cross-border payment and receipt scale in Hainan reached USD 101.61 billion in the first 11 months of 2025, with an average annual growth rate of 55% since 2020 [3] - The implementation of various financial policies, including the Qualified Foreign Limited Partner (QFLP) pilot program, has led to a cumulative cross-border inflow of USD 227.5 million and outflow of USD 134.6 million [3] - The People's Bank of China has issued guidelines for cross-border asset management pilot businesses, with four institutions applying for a total issuance scale of RMB 5 billion [4] Group 3 - The People's Bank of China is implementing a moderately loose monetary policy to support the construction of Hainan's modern industrial system, enhancing financing accessibility in key areas [5] - As of November 2025, the balance of various loans in Hainan reached RMB 1.41 trillion, with a year-on-year growth of 11.0%, surpassing the national average by 4.7 percentage points [6] - Specific loan growth rates include 157.4% for the elderly care industry and 25.4% for green loans, indicating a focus on strategic sectors [6]