Core Viewpoint - The successful completion of a cross-border fund transfer under the EF account by China Bank's Hainan branch marks a significant breakthrough in the settlement scenarios following the official launch of the Hainan Free Trade Port's full island closure [2] Group 1: Business Innovation - China Bank's Hainan branch has facilitated a cross-border fund transfer for Auscar International Grain and Oil Co., demonstrating the innovative use of the EF account in the context of the newly established free trade port [2] - The EF account allows for compliant and direct fund transfers from outside the bonded area to processing enterprises within the free trade port, enhancing the efficiency of capital flow for businesses [2] Group 2: Financial Services Expansion - The EF account service system by China Bank has expanded to cover various scenarios including offshore trade, cross-border investment financing, and foreign exchange risk management [2] - This innovative practice showcases the versatility of the EF account, which is designed to support multiple scenarios and provide practical cross-border settlement cases for various market entities in the Hainan Free Trade Port [2]
海南中行为企业成功办理EF账户项下跨二线异名划转