12月18日，海南自贸港正式启动全岛封关。作为海南金融高水平开放的重要基础设施，海南自由贸 易港多功能自由贸易账户（EF账户）架起"跨境资金高速路"，助力企业全球化经营。 借助在中国银行开立的EF账户，浙商中拓集团（海南）有限公司的资金在境外子公司便利划转， 支付上游货款、归集下游回款十分顺畅。"不需要在线下提交大量纸质材料，也无需外汇登记、备案， 通过EF账户线上操作可极大助力企业提升资金结算效率。"公司资金运营部经理助理田婷说。 除了EF账户体系建设，一批金融创新政策在海南先行先试并持续深化—— 跨境资产管理试点业务顺利落地，海南四家试点发行机构已申请开展业务，额度核定为人民币50亿 元； 跨境贸易投资高水平开放试点持续深化，政策实施以来海南累计发生跨境贸易便利化试点业务 430.5亿美元，发生跨境投融资便利化试点业务28亿美元； 2024年5月，中国人民银行和国家外汇管理局推出的EF账户上线运行，构建本外币合一账户体系。 通过EF账户，银行机构可以为境内外客户提供更加便利的跨境资金结算、汇兑、投融资等相关金融服 务，客户可以不受相关额度和审批限制，无需到外汇管理部门开展前置业务登记、备案或开立专 户，" ...

Core Viewpoint - The Hainan Free Trade Port is set to enhance its financial services and international business operations, with the Construction Bank focusing on supporting its development through innovative financial solutions and strategic partnerships [1][12]. Group 1: International Business Development - The Hainan Free Trade Port has established a cross-border capital flow management system, which includes a multi-functional free trade account (EF account) to facilitate cross-border transactions [2]. - As of November 2025, the Construction Bank's Hainan branch has opened 104 EF accounts, with a business volume equivalent to approximately 15.7 billion RMB, significantly improving the efficiency of cross-border settlements [2]. - The bank has successfully implemented various financial services under the EF account, including foreign exchange options and trade financing, marking a qualitative leap in cross-border capital flow [2][4]. Group 2: Support for New Quality Productivity - The Construction Bank's Hainan branch is increasing credit support for technology enterprises and strategic emerging industries, exemplified by a 472 million RMB international commercial loan to a rubber industry group to enhance its global market presence [3][5]. - The bank has developed tailored financial services for high-tech enterprises, with a loan balance of 2.643 billion RMB for high-tech industries as of November 2025, reflecting a growth of 23.62% [7][10]. - The bank's focus on innovation includes establishing a dedicated branch in the Sanya Yazhou Bay Science and Technology City to provide comprehensive financial services to key enterprises [6][10]. Group 3: Strengthening the Real Economy - The Construction Bank is committed to nurturing the real economy by integrating financial services with local industry characteristics, providing tailored financing solutions to support supply chain financing for agricultural enterprises [8][9]. - The bank has created a comprehensive financial service ecosystem for the "Hainan Fresh Products" brand, offering a range of services including financing, account management, and cross-border financial services [9]. - As of November 2025, the bank has supported over 24,100 small and micro enterprises, positioning itself as a leader in local financial institutions in terms of loan amounts and customer numbers [11].

银行间质押式回购市场方面，隔夜资金价格仍在1.27%附近震荡走低。具体看，DR001加权平均利率下行0.13BP，报1.2731%；DR007加 权平均利率下行0.65BP，报1.4423%；DR014加权平均利率下行2.88BP，报1.4794%。 货币市场利率（12月17日） | 交易品种 | DR001 | DR007 | DR014 | DR021 | DR1M | DR4M | | --- | --- | --- | --- | --- | --- | --- | | 加权利率(%) | 1.2731 | 1.4423 | 1.4794 | 1.6429 | 1.6202 | 1.6874 | | 涨跌幅(BP) | -0.13 | -0.65 | -2.88 | 1.99 | 0.04 | | 新华财经北京12月17日电（刘润榕）人民银行17日开展468亿元7天期逆回购操作，操作利率为1.40%，与此前持平；鉴于当日有1898亿 元7天期逆回购到期，公开市场实现净回笼1430亿元。 上海银行间同业拆放利率（Shibor）短期品种微跌。具体来看，隔夜Shibor下跌0.10BP，报1.2750%；7 ...

Core Insights - The multi-functional free trade account (EF account) in Hainan Free Trade Port has facilitated over 170 billion yuan in cross-border fund flows since its launch on May 6, 2022, covering transactions with 61 countries and regions [2][4]. Group 1: EF Account Overview - The EF account is a crucial financial infrastructure for Hainan Free Trade Port, promoting high-level financial openness and facilitating the free flow of cross-border funds [2]. - The management of funds in the EF account follows the principle of "one line open, two lines under cross-border management," allowing for significant freedom in fund transfers with international financial markets [2][4]. Group 2: Beneficiary Enterprises - Yuan Cheng Technology (Hainan) Co., Ltd., recognized as the first cross-border fund concentration operation center in Danzhou, has seen its cross-border settlement business volume double compared to the previous year, with offshore trading reaching 820 million USD by the end of August 2025 [4]. - Ri Sheng Fuel (Hainan) Co., Ltd., a subsidiary of Ri Sheng Fuel Group, reported an offshore trading settlement volume of 430 million USD by the end of August 2025, benefiting from the EF account and high-level open policies [5]. Group 3: Growth Metrics - As of August 2025, the Bank of China Hainan Branch has opened EF accounts for 61 domestic and foreign market entities, processing 601 transactions totaling 27.929 billion yuan [5]. - The banking system in Hainan has established over 500 EF accounts, with a total transaction volume exceeding 170 billion yuan in just over a year [5].

Core Viewpoint - The establishment of the multi-functional free trade account (EF account) in Hainan Free Trade Port marks significant milestones in expanding its functionalities, showcasing the transformation of policy dividends into tangible benefits for enterprises [1] Group 1: EF Account Developments - The EF account has facilitated its first overseas loan and the first options business, indicating its growing application scenarios since its launch on May 6 of last year [1] - The EF account has completed over 170 billion yuan in cross-border fund flow settlements, demonstrating its effectiveness in facilitating international transactions [1] - Fund transactions through the EF account cover 61 countries and regions globally, highlighting its extensive reach and impact [1]