Hainan Free Trade Port to commence operation, cross-border fund flow entering the fast lane.

With the official operation of the Hainan Free Trade Port, the level of cross-border capital flow freedom and convenience continues to increase, and the vitality of financial service openness and innovation is constantly being unleashed. Reporters have learned from the industry that as the core carrier of cross-border fund settlement after the closure, the multi-functional free trade account officially launched in May 2024 has achieved breakthroughs in multiple scenarios, with a significant increase in the number of accounts opened and business volume. At the same time, various domestic and foreign financial institutions are accelerating their convergence, and the financial institution system of the Hainan Free Trade Port is becoming increasingly complete, providing strong financial support for trade and investment facilitation.