金融支持高标准建设海南自由贸易港

Core Insights - Hainan Free Trade Port has officially launched its island-wide closure on December 18, marking a significant milestone in its development since the release of the overall plan in 2020 [1] Group 1: Financial Policies and Innovations - The People's Bank of China has continuously improved financial policies and institutional frameworks to support the development of Hainan Free Trade Port [1] - The EF account system, designed to facilitate high-level cross-border capital flow, has been launched, allowing banks to provide more convenient financial services for cross-border transactions [1] - As of October 2025, 11 banks in Hainan have adopted the EF account, with transaction volumes exceeding 250 billion RMB, involving fund transfers with 80 countries and regions [1] Group 2: Cross-Border Financial Activities - From January to November this year, Hainan's cross-border receipts and payments reached 101.61 billion USD, with an average annual growth rate of 55% since 2020 [2] - The digital RMB pilot program is being actively implemented across various sectors in Hainan, enhancing payment coverage in areas such as duty-free shopping and rural revitalization [2] - The convenience of foreign payment methods has significantly improved, with transaction numbers and amounts for mobile payment products increasing by 97.46% and 100.11% respectively from January to November 2025 [2] Group 3: Financial Environment and Lending - The People's Bank of China in Hainan has implemented a moderately loose monetary policy to enhance financing accessibility in key areas, contributing to a favorable financial environment for the Free Trade Port [2] - As of November this year, the total balance of RMB and foreign currency loans in Hainan reached 1.41 trillion RMB, reflecting a year-on-year growth of 11.0%, surpassing the national average of 4.7% [2]