海南自贸港今日封关，金融准备已就位

Core Insights - Hainan Free Trade Port will officially start full island closure on December 18, 2025, marking a significant milestone in its development, characterized by a customs regulatory area with "one line open, one line controlled, and free movement within the island" [1] - Since the release of the overall plan for Hainan Free Trade Port, over 20 innovative financial policies have been introduced, establishing Hainan as a leading region for financial openness and innovation in China [1] Financial Infrastructure - The multi-functional Free Trade Account (EF Account) is a crucial financial infrastructure for Hainan's Free Trade Port, facilitating the free and convenient flow of cross-border funds [2] - The People's Bank of China has implemented a management system for cross-border fund flows and launched the EF Account, which has gained market recognition and expanded its service coverage [2][3] Cross-Border Financial Activities - As of October 2025, 11 banks in Hainan have opened 658 EF Accounts, with a total transaction volume of 2,689 billion RMB, covering transactions with 80 countries and regions [3] - The cross-border payment scale in Hainan reached 101.61 billion USD from January to November this year, with an average annual growth rate of 55% since 2020 [4] Investment and Financing - Hainan has seen significant growth in cross-border investment and financing, with 144 QFLP equity investment funds established, attracting 2.275 billion USD in cross-border inflows [5] - The total balance of loans in Hainan reached 14,101 billion RMB by the end of November, growing by 11.0% year-on-year, surpassing the national average growth rate of 4.7% [6]