Core Viewpoint - China National Chemical Corporation (Sinochem) has successfully established a cross-border fund concentration operation center in Hainan Free Trade Port, marking the first financial center project by a central enterprise in the region [1][2] Group 1: Establishment and Recognition - Sinochem (Hainan) Financial Management Co., Ltd. was fully established by China National Chemical Corporation with a registered capital of 2 billion yuan [1] - The operation center was officially launched on April 18 in Sanya Yazhou Bay Science and Technology City [1] - The center received recognition from the Hainan Provincial Local Financial Supervision Administration, facilitating its operations [1] Group 2: Financial Services and Benefits - The operation center will enable enterprises to enjoy multiple policy benefits from Hainan Free Trade Port, including efficient collection and free transfer of domestic and foreign funds through multi-functional free trade accounts (EF accounts) [1] - The center will significantly reduce foreign exchange costs and time differences, enhancing operational efficiency [1] - It will also benefit from preferential tax policies in cross-border investment and profit repatriation, with simplified foreign exchange registration processes [1] Group 3: Global Strategy Support - The operation center will focus on cross-border cash pool management, overseas lending, and foreign debt quota coordination, providing robust financial support for global strategic layout [2] - These policy advantages will help enterprises optimize global fund allocation and enhance international competitiveness [2] - The center aims to empower companies to seize development opportunities in a complex and changing international economic environment [2]

Core Insights - The establishment of the first cross-border capital centralized operation center in Danzhou marks a significant breakthrough in Hainan's free trade port's cross-border financial innovation [2][3] - Yancheng Technology (Hainan) Co., Ltd. is the first company in Danzhou to be approved for this qualification, contributing to the growth of cross-border financial services in the region [2] Group 1 - The Danzhou municipal government has formed a special investment promotion team to engage with large state-owned enterprises and quality private enterprises, creating a comprehensive service system for policy promotion, demand matching, and qualification application [2][3] - The newly approved Yancheng Technology will leverage its cross-border capital centralized operation center qualification to achieve global capital management, significantly reducing financial costs and enhancing capital utilization efficiency [2][3] Group 2 - As of now, there are four recognized cross-border capital centralized operation centers in Hainan's free trade port, with the first batch of approvals completed by the provincial financial bureau in May [3] - Establishing a cross-border capital centralized operation center in Hainan allows enterprises to utilize domestic market resources for financing, foreign exchange, and asset management, thereby lowering capital costs and improving management efficiency [3]