Core Viewpoint - The establishment of the Hainan Free Trade Port is progressing with the completion of financial preparations and the implementation of supportive financial policies, aiming to enhance cross-border capital flow and optimize financial services [1][2][3] Financial Policy and Institutional Framework - Since the release of the overall plan for Hainan Free Trade Port in 2020, the People's Bank of China has been improving financial policies and institutional frameworks to support the port's development [1] - The cross-border capital flow management system has been enhanced, with the introduction of the "Hainan Free Trade Port Multi-Functional Free Trade Account Management Measures" to ensure the free flow of cross-border funds [1] - By the end of October 2025, 11 banks in Hainan had launched the multi-functional free trade account, with transaction volumes exceeding 250 billion RMB, involving fund transfers with 80 countries and regions [1] Financial Services Optimization - The digital RMB pilot program is being actively promoted across Hainan, and the level of foreign payment facilitation has significantly improved [1] - The gold industry in Hainan is undergoing transformation, with the official opening of the Sanya designated warehouse by the Shanghai Gold Exchange in December 2025 [1] - Financial institutions are providing comprehensive services to support the construction of the Hainan Free Trade Port, with China Bank reporting a transaction volume of 50.3 billion RMB for EF accounts by the end of November 2025 [2] Industry Support and Credit Allocation - Construction Bank is increasing credit support for technology enterprises and strategic emerging industries, with a loan balance exceeding 2.6 billion RMB for high-tech industries by the end of November 2025 [2] - Industrial and Commercial Bank of China has directed credit resources towards Hainan's four leading industries, with loans nearing 40 billion RMB, reflecting a 36% increase since early 2022 [2] Future Development Suggestions - Financial practices in Hainan Free Trade Port are seen as a new chapter in reform and opening up, with suggestions for institutional upgrades, industry innovation, and technological advancements [3] - Recommendations include enhancing the functions of EF accounts, developing carbon finance and REITs, and expanding digital RMB applications [3] - Emphasis on balancing openness and security, innovation and compliance, as well as efficiency and fairness in financial development to set a benchmark for financial openness [3]