开放成效实实在在，经济外向度显著提升。5年来，海南实际使用外资年均增长14.6%，累计突破千亿 元；货物贸易、服务贸易持续增长，经济外向度提高至35%。全岛加工增值内销免关税政策效应凸显， 内销货值增长3倍。重点园区以不到全省2%的土地，贡献了全省30%的投资、50%的税收、70%的进出 口和90%的外资利用。南繁种业、商业航天、海洋经济等新质生产力蓬勃发展，可免签入境海南国家扩 大至85个，同境外39个自贸区（港）建立伙伴关系。 金融创新是关键支撑，EF账户（多功能自由贸易账户）成为耀眼明星。EF账户自2024年5月上线以来， 已完成跨境资金结算超1700亿元，覆盖全球61个国家和地区。中国银行海南省分行相关负责人接受采访 表示，海南通过EF账户打造了一个新的国际金融市场空间。通过"一线放开、二线按照跨境交易管 理"，实现了EF账户与境外的资金划转自由。"一线放开以后，EF账户实现了资金跨境的高度自由，跟 国际金融市场处于相近水平。" 1978年12月18日，党的十一届三中全会开启了改革开放和社会主义现代化建设的伟大征程。如今，党中 央决定在今年12月18日这一天启动海南自贸港全岛封关运作，具有重要象征性意 ...

Core Insights - Hainan Free Trade Port is progressing towards full island closure operations, marking a significant milestone in its development [1][3] - The "4321" policy framework has been established, enhancing the flow of people, goods, capital, and data, while providing tax incentives and legal protections [1] - The EF account has emerged as a key financial innovation, facilitating over 170 billion yuan in cross-border transactions since its launch [1][2] Policy Framework - The "4321" policy system includes four types of flows (people, goods, capital, data), three areas of trade (goods, services, investment), two tax incentives for businesses and individuals, and one legal foundation through the Hainan Free Trade Port Law [1] - The integration of these policies aims to create a stable and innovative environment for the long-term development of the free trade port [1] Financial Innovation - The EF account, launched in May 2024, has completed cross-border fund settlements exceeding 170 billion yuan, covering 61 countries and regions [1] - The account allows for high levels of capital transfer freedom, aligning with international financial market standards [1] - Companies have reported significant improvements in cross-border transaction efficiency and cost savings due to the EF account [1][2] Economic Development - The aircraft maintenance industry has become a flagship high-end service sector in Hainan, with over 2,300 aircraft serviced since 2022 [2] - The contribution of key industries (tourism, modern services, high-tech, and efficient tropical agriculture) to Hainan's GDP has increased by 13.7 percentage points over the past five years, reaching 67% [2] - Hainan's actual foreign investment has grown by an average of 14.6% annually, surpassing 100 billion yuan, with the economic openness increasing to 35% [2] Symbolic Significance - The decision to initiate full island closure operations on December 18, 2023, symbolizes China's commitment to high-level opening-up and showcases Hainan as a new hub for global investment and entrepreneurship [3]

21世纪经济报道见习记者张旭 海口报道 中国银行海南金融研究院院长、海南自由贸易港金融学会副会长王方宏向21世纪经济报道记者表示， 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高水平开放，特 别是在跨境资金的自由便利流动方面的一项制度安排。"基于EF账户，我们在海南开辟了一个新的国际 市场空间。" 对于EF账户的重要作用，企业深有感触。日升燃料（海南）有限公司财务负责人陈秋怡向21世纪经济 报道记者表示："通过EF账户，我们能够通过线上操作，实现'无感式''一站式'办理跨境结算业务，无需 线下逐笔的单据审核，只要在线上发起支付指令，资金能够快速、安全地到达境外收款人账户。"EF账 户便利快捷，以往1个至2个工作日才能完成的工作，如今2~3小时即可办结。 据中国人民银行海南省分行宏观审慎与金融市场管理处处长吴义虎介绍，EF账户是海南自贸港内银行 机构在原有本外币账户体系外搭建的规则统一的本外币账户。 根据开户主体的不同，EF账户可分为四个账户类型——EFE账户、EFN账户、EFF账户、EFU账户，分 别对应自贸港内注册机构、境外机构、境外个人、境内外金融机构四类开户主体。在"一线 ...

Core Viewpoint - The establishment of the EF account system in Hainan Free Trade Port facilitates cross-border capital flow, enhancing the efficiency and convenience for enterprises in international trade and investment [1][2]. Group 1: EF Account Overview - The EF account is a unified foreign and domestic currency account system established by banks in Hainan Free Trade Port, designed to streamline cross-border capital transactions [1]. - There are four types of EF accounts based on the account holder: EFE accounts for domestic institutions, EFN accounts for overseas institutions, EFF accounts for overseas individuals, and EFU accounts for domestic and foreign financial institutions [1]. Group 2: Benefits for Enterprises - Enterprises can complete cross-border fund transfers with just a payment instruction, eliminating the need for extensive documentation and approval processes, thus lowering operational costs [2]. - The EF account supports multiple currencies, including USD, EUR, and JPY, allowing enterprises to choose between onshore and offshore exchange rates for better financial management [2]. Group 3: Efficiency and Growth - The EF account has significantly improved the efficiency of cross-border transactions, reducing processing time from 1-2 days to 2-3 hours [3]. - As of August 2025, the number of cross-border settlement transactions has doubled compared to the previous year, with a notable increase in offshore trading activities [3]. Group 4: Future Prospects - The EF account will continue to provide robust financial support for higher levels of openness in Hainan Free Trade Port, adapting policies to meet the diverse financial needs of enterprises engaged in international trade [4].

建行海南省分行丰富跨境资金服务，助力培育创新沃土 金融活水赋能自贸港高质量发展 海南日报全媒体记者 王培琳 坐标海南岛。 往西，位于东方市新龙镇的海南中正水产科技有限公司(以下简称中正水产)的水产基地，中国建设 银行海南省分行(以下简称海南建行)正以上千万元资金活水，助力水产育种走向全国。 往北看，海口市琼山区甲子镇的海南航芯产业园里，海南建行5000万元流动贷款让海南航芯高科技 产业集团有限责任公司(以下简称海南航芯)生产资金更充裕，稳步提升产能。 再往南，三亚崖州湾科技城高新区，海南建行的"保姆级"综合金融服务正护航新质生产力强劲发 展。 琼岛3万多平方公里，海南建行的汩汩资金"活水"，流向海南经济发展各个领域。 海南建行国际业务部相关负责人介绍，该行已先后实现了EF账户项下经常项目和资本项目结算、 离岸汇率交易、贸易融资、跨境融资等各类场景的突破。 在EF账户推广方面，截至目前，海南建行已主办协办19场EF账户推介活动，多家企业和金融机构 表达了合作意向，已落地一批合作成果，初步形成了品牌效应。 巨轮启航，海南自贸港正破浪前行。海南自贸港全岛封关运作将于12月18日启动，在国家赋予海南 的历史发展机遇面 ...

Group 1 - The 2025 Hengqin World Bay Area Forum focused on financial themes, emphasizing the role of Hengqin as a key area for the Guangdong-Hong Kong-Macao Greater Bay Area development [1] - The People's Bank of China Zhuhai Branch is actively exploring cross-border financial cooperation between Hengqin and Macao, implementing the "Hengqin Financial 30 Measures" to enhance financial connectivity [1][2] - The expansion of dual-currency payment services and the promotion of cross-border financial products aim to facilitate the lives of Macao residents and support their employment in the cooperation zone [1] Group 2 - The financial services for cross-border trade and investment are being improved, with significant enhancements in cross-border RMB and foreign exchange services, including the trial of multi-functional free trade accounts [2] - As of the end of August, the funds transferred through the EF accounts exceeded 160 billion RMB, indicating a growing trend in cross-border financial activities [2] - The cooperation zone's banking institutions reported a loan balance exceeding 190 billion RMB by the end of July, reflecting the increasing financial support for key industries in the region [2]

Core Viewpoint - The article highlights the efforts of Zhuhai's Construction Bank in enhancing cross-border financial services through the EF account system, facilitating international business operations for local enterprises, and supporting the city's high-level opening-up strategy [2][3][5]. Group 1: Cross-Border Financial Services - Zhuhai Construction Bank has successfully facilitated the first EF account transaction for a local technology company, showcasing the advantages of the EF account system in supporting enterprises' overseas investments and promoting financial connectivity between Guangdong and Macau [3][4]. - The EF account system provides significant benefits in trade settlement, allowing for efficient cross-border payments without prior verification of background materials for transactions under $50,000, thus enhancing the competitiveness of high-tech enterprises in cross-border trade [4][5]. - The bank has processed a total of 8.08 billion yuan in fund transfers and foreign exchange transactions through the EF account, indicating its growing application in various financial scenarios [5]. Group 2: Support for Local Enterprises - Zhuhai Construction Bank has been instrumental in providing comprehensive financial services to local manufacturing enterprises, helping them adapt to global market demands and facilitating their international expansion [6][7]. - The bank has designed a series of financial products to mitigate exchange rate risks for local companies, including a risk-reversal options strategy that reduces hedging costs while effectively managing currency exposure [7]. - In 2023, the bank has completed 30 foreign direct investment (FDI) transactions totaling approximately $1.66 million, demonstrating its commitment to attracting foreign capital into key sectors of the local economy [13]. Group 3: Attracting Foreign Investment - Zhuhai's favorable business environment and proximity to Hong Kong and Macau have made it an attractive destination for foreign investment, particularly in new production capabilities and green technologies [11][12]. - The bank has supported foreign investment initiatives, such as the acquisition of a local supply chain management company by a Hong Kong-listed firm, enhancing the local economy's capacity for waste management and recycling [12]. - The bank has established a comprehensive cross-border custody service framework, facilitating the smooth flow of cross-border funds and supporting local enterprises in their overseas ventures [13].

Core Viewpoint - The EF account in Hainan Free Trade Port has successfully facilitated cross-border fund flows with 61 countries and regions within just over a year since its launch, significantly enhancing the ability of enterprises to "go global" [2][9]. Group 1: EF Account Launch and Initial Success - The EF account was officially launched on May 6, 2024, and has been described as a "highway" for cross-border fund flows, attracting strong interest from enterprises and financial institutions [3]. - The first overseas remittance of $13.75 million was successfully completed by Shide Group using the EF account, marking a significant milestone in its operational capabilities [2][5]. - The successful execution of the first overseas remittance has not only provided convenience for enterprises but also established a replicable model for financial institutions to follow in similar transactions [5][6]. Group 2: Expansion of Application Scenarios - Since its launch, the EF account has seen a continuous expansion of application scenarios, with various types of businesses successfully utilizing it for cross-border trade settlements, foreign exchange transactions, working capital loans, overseas remittances, and direct investments [9]. - As of June 2025, over 20 billion yuan has been processed through the EF account, indicating its growing importance in facilitating cross-border financial activities [8]. - The EF account has evolved from initial single transactions to multiple transactions, serving a broader range of market entities, including key enterprises in the manufacturing sector [6][9]. Group 3: Financial Infrastructure and Policy Benefits - The EF account has significantly improved the convenience and efficiency of trade and investment activities, reflecting the increasing openness of Hainan Free Trade Port and the diversification of trade and investment forms [9]. - The establishment of a standardized process for cross-departmental collaboration has been crucial in ensuring the effective implementation of policies related to the EF account [5][7]. - The continuous accumulation of operational experience and the development of a mature service system are laying the groundwork for the bulk development of future business activities [7].

Core Viewpoint - The establishment of the EF account in Hainan Free Trade Port has significantly enhanced cross-border capital flow, facilitating over 170 billion yuan in transactions within a year, marking a milestone in financial openness and efficiency in the region [4][5]. Policy Empowerment - The People's Bank of China initiated the EF account to support the operational closure of Hainan Free Trade Port, with the account officially launched on May 6, 2024, and has since been well-received by businesses [5][6]. - The EF account serves as a crucial financial infrastructure for Hainan's gradual financial opening, allowing for more convenient cross-border capital flow management [5][10]. - The EF account operates under a principle of "one line open, two lines manage," which simplifies the cross-border capital flow process compared to traditional methods [5]. Business Practice - On the first day of the EF account's launch, 34 companies opened accounts, with one company completing five transactions in a single day, demonstrating the efficiency of cross-border capital movement [6]. - In the first half of 2025, 273 new EF accounts were opened, a significant increase from the previous year, with a total transaction volume of approximately 91.8 billion yuan, indicating growing business engagement with the EF account [8]. Financial Innovation - The EF account has shifted business needs from basic cross-border settlements to global treasury management, enhancing liquidity and competitiveness for enterprises [9]. - The successful implementation of the first EFN loan has provided a new financing model for other companies, promoting innovation in the cross-border financial sector [9]. Risk Control - The EF account's design balances the need for free capital flow with risk management, establishing a financial "electronic fence" to ensure safe and orderly operations [10]. - The account's framework allows for limited penetration between cross-border and domestic accounts, creating a safeguard while promoting financial market openness [10].

Group 1 - The Hainan Provincial Government has issued a three-year action plan (2025-2027) to accelerate the construction of a modern industrial system with distinctive advantages, emphasizing the need for a financial service system that matches this industrial framework [1][2] - The action plan aims to enhance the proportion of loans to the manufacturing sector and promote the development of a multi-tiered capital market and industrial insurance [1][2] - By 2027, the asset management amount of the modern financial industry cluster in Sanya's central business district is expected to approach 600 billion yuan [1] Group 2 - The action plan outlines measures to improve factor guarantees, including increasing fiscal investment in the modern industrial system and leveraging the investment fund for the free trade port [2] - The overall goal is for the four leading industries to account for approximately 70% of GDP by 2027, with a focus on high-quality economic development and the construction of an international tourism consumption center [2] - The plan aims for the added value of modern service industries to approach 30% of GDP, with a strong emphasis on the integration of productive services and advanced manufacturing [2]