架起跨境资金流动“高速路”

Core Viewpoint - The launch of the multifunctional free trade account (EF account) in Hainan Free Trade Port is a significant step towards facilitating high-level cross-border capital flow, enhancing the business environment, and attracting global talent [1][2][3]. Group 1: EF Account Overview - The EF account is a unified account system for both domestic and foreign currencies, designed specifically for Hainan Free Trade Port, allowing for more convenient cross-border capital settlement and financing services [1]. - The EF account operates under the principle of "one line open, two lines managed," facilitating cross-border financial activities for eligible institutions and individuals [1]. Group 2: Benefits for Enterprises - The EF account empowers enterprises by streamlining cross-border trade settlements and financing processes, significantly reducing time and costs associated with these activities [2]. - High-tech companies can more easily access foreign funds for research and development, while trade companies can shorten payment cycles and improve capital turnover efficiency [2]. Group 3: Benefits for Individuals - The EF account also addresses individual financial needs, providing services for overseas individuals in areas such as salary remittance, medical expenses, and travel, thereby enhancing the living and working environment in Hainan [2]. Group 4: Risk Management and Stability - The EF account incorporates mechanisms for risk monitoring and macro-prudential management, ensuring a balance between convenience and safety in financial operations [3]. - Since its launch, the EF account has seen stable operations, with 11 banks in Hainan opening a total of 658 accounts and facilitating transactions amounting to 2,689 billion RMB with 80 countries and regions [3]. Group 5: Future Prospects - As Hainan Free Trade Port begins full operations, the functionality of the EF account is expected to expand, further connecting with international financial markets and continuing to support the real economy [3].