肖耿：可利用“双总部”等模式 将中国香港成熟离岸金融生态嵌入海南

Core Viewpoint - The Sanya International Forum emphasizes the future positioning of Hainan Free Trade Port and new opportunities in Sanya, suggesting that Hainan can learn from Hong Kong's experience as an international financial center to develop a modern financial hub [1][3]. Group 1: Financial Development Strategies - Hainan's current customs closure primarily focuses on goods, with financial openness just beginning, indicating a need for a financial system that supports offshore trade and investment [3][6]. - The "dual headquarters" model is proposed, allowing financial institutions from Hong Kong to establish a second headquarters in Hainan, applying Hong Kong's regulatory framework to integrate its financial ecosystem into Hainan [3][8]. Group 2: Financial Infrastructure and Ecosystem - The development of a high-quality financial system requires a comprehensive institutional ecosystem, including common law, modern financial regulations, and a variety of financial products [5][6]. - Six pillars necessary for a financial hub are identified: financial infrastructure, a rewarding capital market, an attractive talent environment, effective incentive mechanisms, transparent and stable policies, and a focus on serving the real economy [7]. Group 3: Capital Market Connectivity - The concept of capital market "mutual access" is highlighted, allowing qualified domestic and foreign investors to invest in each other's markets, which is crucial for Hainan's financial reform and innovation [8]. - The introduction of a "cross-border dual headquarters" mechanism is suggested as a shortcut for Hainan to leverage Hong Kong's financial advantages, facilitating rapid development in the financial sector [8].