作者丨庞成 编辑丨蒋韵 自2025年12月18日起，海南自由贸易港正式启动全岛封关。这是海南自贸港建设的标志性工程，意味着海南岛将成为以"'一线'放 开、'二线'管住、岛内自由"为核心特征的海关监管特殊区域，全面落地自由化便利化政策制度。 记者了解到，自《海南自由贸易港建设总体方案》发布以来，海南围绕总体方案要求，持续完善与海南自贸港相适应的金融政策和 制度体系，按照"分步骤、分阶段建立自由贸易港政策和制度体系"要求，出台20余项创新政策，初步搭建海南自贸港金融政策制度 体系，海南自贸港已成为金融开放创新政策全国领先的地区之一。 截至目前， 海南自贸港封关运作三项金融准备工作已全部完成，跨境资金流动管理制度进一步完善，多功能自由贸易账户上线运 行，跨境资金流动监测预警机制进一步健全，为封关后的金融运行筑牢了基础。 海南自贸港（图源：IC） 金融准备工作全部完成 海南自贸港多功能自由贸易账户(以下简称："EF账户")是海南自贸港封关运作重要的金融基础设施之一 ，是海南自贸港逐步推进 金融开放，特别是在跨境资金的自由便利流动方面的一项制度安排。 2023年，中国人民银行总行制定了海南自由贸易港资金"电子围网"建设 ...

Core Viewpoint - The establishment of the multi-functional EF account in Hainan Free Trade Port is a significant step towards facilitating cross-border capital flow and enhancing the operational efficiency of multinational enterprises [1][3]. Group 1: EF Account Overview - The EF account is a unified onshore and offshore currency account system designed to streamline cross-border fund transfers for various entities, including domestic institutions, foreign institutions, foreign individuals, and financial institutions [1][3]. - The EF account allows for efficient fund transfers between domestic and foreign accounts, significantly improving the ease of cross-border trade and investment for enterprises [1][3]. Group 2: Applications and Benefits - The EF account supports a wide range of applications, including cross-border trade settlement, foreign exchange transactions, loans, trade financing, and foreign investment, thereby expanding its utility in international markets [3][4]. - Enterprises can choose between onshore and offshore exchange rates for transactions, which helps in managing exchange rate risks and reducing financial costs [3][5]. Group 3: Impact on Enterprises - Companies have reported a significant increase in the efficiency of cross-border transactions, with processing times reduced from 1-2 days to just 2-3 hours [4]. - The volume of cross-border settlement business for some companies has doubled year-on-year, with specific transactions reaching up to 820 million USD [5]. Group 4: Future Prospects - The EF account is expected to provide robust financial support for the higher level of openness in Hainan Free Trade Port post-closure, with ongoing adjustments to policies and rules to meet the diverse financial needs of enterprises [5].

Core Viewpoint - Hainan Province successfully issued 5 billion RMB in bonds in Hong Kong, including sustainable development bonds, blue bonds, and the first space-themed local government bonds, with strong investor interest and oversubscription [1][2] Group 1: Bond Issuance Details - The bond issuance includes 2.5 billion RMB in 3-year sustainable development bonds, 1.5 billion RMB in 5-year blue bonds, and 1 billion RMB in 10-year space-themed bonds [1] - The bonds will be listed on the Hong Kong Stock Exchange and are aimed at funding marine protection, livelihood security, and key research and infrastructure projects in the aerospace sector [1] - The peak order size reached 22.8 billion RMB, with a subscription multiple exceeding 4.5 times, and the final pricing for the bonds was set at 1.73%, 1.83%, and 2.10% respectively [1] Group 2: Role of Bank of Communications - Bank of Communications led a non-deal roadshow from August 24 to 26 to promote Hainan's credit highlights and free trade port features [2] - The bank has been a cornerstone investor for four consecutive years and ranked first in underwriting share as a global coordinator [2] - Following a strategic cooperation agreement with Hainan Province in April 2023, the bank aims to contribute to the financial openness of Hainan Free Trade Port, especially as 2025 marks a significant year for the port's operations [2]

Group 1 - The China-Arab States Cooperation Forum's 11th Entrepreneurs Conference and 9th Investment Seminar focused on enhancing financial cooperation for mutual benefits, discussing topics like financial innovation, green finance, and cross-border investment [1] - China's green finance is experiencing strong growth, with major banks reporting a green credit balance of 32.78 trillion RMB by the end of 2024, reflecting a year-on-year increase of 20.61% [1] - Arab countries are also advancing in green finance, with suggestions for deeper cooperation in standard setting, professional services, and corporate investment to address climate change-related financial risks [1] Group 2 - Somalia's Deputy Minister of Trade and Industry expressed interest in learning from China's infrastructure investment and fintech development, aiming to establish a systematic financial cooperation mechanism [2] - The conference attendees emphasized the need for multi-dimensional efforts in China-Arab financial cooperation, including policy alignment, talent development, and civil interaction [2] - The Hainan Free Trade Port is set to launch a multi-functional free trade account in May 2024, providing more options and convenience for cross-border business operations [2]