State Administration of Foreign Exchange, Hainan Branch: Intends to implement two facilitation policies, capital project settlement and NRA account repatriation, in the Hainan Free Trade Port.

In order to implement the decision deployment of the Party Central Committee and the State Council on enhancing the strategy of free trade pilot zones, further promote the facilitation of cross-border trade and investment in Hainan Free Trade Port, it has been decided to implement two facilitation policies in Hainan Free Trade Port, namely capital project settlement and NRA account funds repatriation. The Hainan Branch of the State Administration of Foreign Exchange has issued a public notice seeking opinions on the "Notice of the Hainan Branch of the State Administration of Foreign Exchange on the Facilitation Policies of Capital Project Settlement and NRA Account Funds Repatriation in Hainan Free Trade Port". Among them, it is mentioned that in Hainan Free Trade Port, further facilitation of capital project settlement funds can be used for non-related enterprise loans by non-financial enterprises' capital funds, foreign exchange income under external debt, and the renminbi funds obtained from settlement, under the principle of compliance with the truth; in Hainan Free Trade Port, optimize the process of NRA account funds repatriation. For funds paid from foreign exchange NRA accounts to domestic accounts in Hainan Free Trade Port, in the event of any objective factors causing a return, to avoid exchange losses, the settlement bank can temporarily store the funds in an internal account, and if not resolved within 24 hours, purchase foreign exchange and return it back.