Group 1 - Hainan Free Trade Port officially commenced full island closure operations on December 18, marking a significant milestone, with Bank of Communications releasing a cross-border financial service plan for the port [1] - Bank of Communications has introduced specialized financial support plans for Hainan Free Trade Port development for five consecutive years, aligning closely with the core tasks of the port's construction [1] - The bank has allocated credit resources to key sectors of the real economy, including significant funding for transportation infrastructure projects, with a rapid approval of 700 million yuan in fixed asset loans and timely investment of nearly 80 million yuan [1] Group 2 - In the tourism and cultural industry, the bank provided a loan of 500 million yuan for the third phase of the China Duty Free Group project and acted as the lead underwriter for a 1.4 billion yuan medium-term note issuance, achieving the lowest coupon rate in the national tourism industry for the past three years [2] - The bank has established a comprehensive service system that integrates domestic and foreign operations, successfully executing significant cross-border financing transactions, including a 1.68 billion yuan offshore ship leasing loan [2] - The bank has launched various first-of-their-kind custodial services in Hainan, including the first QFLP fund and the first gaming overseas fund, and has provided over 6.2 billion yuan in funding for key clients in financing leasing [2] Group 3 - The cross-border financial service plan emphasizes the national strategic deployment for Hainan Free Trade Port construction, focusing on "five freedoms and conveniences" and "one safe and orderly flow," leveraging the bank's diverse account offerings and global collaboration [3] - The plan aims to create five distinctive cross-border service systems, including cross-border trade settlement, investment and financing, cash management, asset management, and personal cross-border financial services [3]

Core Viewpoint - The Hainan Free Trade Port has officially entered a new phase of full island closure operations, marking a significant milestone in China's commitment to high-level opening-up and the construction of an open world economy [1]. Group 1: Financial Services Initiatives - Bank of Communications has launched a cross-border financial service plan for Hainan Free Trade Port, focusing on "five freedoms and conveniences" and "one safe and orderly flow" [1]. - The plan aims to leverage the bank's diverse accounts, global collaboration, and innovative leadership to create five specialized cross-border service systems, including cross-border trade settlement, investment and financing, cash management, asset management, and personal cross-border financial services [1]. - The service plan covers various scenarios for enterprises and individuals, residents and non-residents, as well as financing and settlement, providing comprehensive integrated financial services [1]. Group 2: HSBC's Role - HSBC China has been actively supporting domestic and foreign enterprises in expanding cross-border business since entering Hainan Free Trade Port [1]. - The bank utilizes its global network and service advantages to assist Hainan's government agencies and enterprises in financing in overseas capital markets, thereby attracting more international capital for the development of the free trade port [1]. - HSBC's President and CEO, Wang Yunfeng, emphasized the significance of the full closure operation as a landmark initiative for China's high-level opening-up [1].