封关金融准备工作全部完成 前11月海南跨境收支规模超1000亿美元

Core Viewpoint - Hainan Free Trade Port has established itself as a leading region for financial openness and innovation in China since the release of the overall plan for its construction in 2020, with significant progress in cross-border capital flow policies and financial systems [1]. Group 1: Financial Policy and System Development - The People's Bank of China has been continuously improving financial policies and systems suitable for Hainan Free Trade Port, completing all preparations for its financial closure operation [1]. - Hainan aims for "free and convenient cross-border capital flow," implementing innovative financial policies such as the multi-functional free trade account (EF account) system, which supports high-level cross-border investment and asset management trials [1]. Group 2: Cross-Border Financial Activities - From January to November 2025, Hainan's cross-border payment and receipt scale reached $101.61 billion, with an average annual growth rate of 55% since 2020. The cross-border RMB settlement volume was 484.5 billion yuan, reflecting a year-on-year increase of 7.8% [1]. - As of October 2025, 11 banks in Hainan have launched EF accounts, with a transaction volume equivalent to 268.9 billion yuan, facilitating fund transfers with 80 countries and regions [2]. Group 3: EF Account Features and Usage - The EF account allows for convenient "cross-line" fund transfers and "cross-border" fund transfers without restrictions on foreign debt and cross-border financing, enabling businesses to engage in capital transactions without prior registration with foreign exchange authorities [2]. - By October 2025, over 650 EF accounts had been opened in Hainan, with the main business scenarios including spot and forward foreign exchange settlement, overseas loans, cross-border trade settlements, and borrowing foreign debts [3]. Group 4: Impact of Policies on Hainan's Economy - By the end of 2024, Hainan's foreign-related income and expenditure scale reached $108.63 billion, which is 2.9 times that of the end of 2021. The number of enterprises involved in trade foreign exchange receipts and payments in Hainan approached 10,000, reflecting a 1.4 times increase since the end of 2021 [3].