RMB internationalization takes another step, Hainan Free Trade Port cross-border asset management pilot program is about to start.

The operation of the entire island closure of Hainan Free Trade Port will officially start on December 18th. The financial sector in Hainan focuses on "promoting openness" as a key point for improvement, and many preparatory work has made substantial progress. On July 30th, a reporter from the Shanghai Securities Journal learned at the news conference of the China People's Bank Hainan Branch held in the third quarter of 2025 that since this year, the China People's Bank Hainan Branch has solidly promoted financial reform and innovation in the Free Trade Port, providing strong financial support for the operation of the closed island. At the same time, with the release of the "Implementation Rules for Cross-Border Asset Management Pilot Business of Hainan Free Trade Port," major state-owned banks' Hainan branches are actively preparing for the implementation of cross-border asset management pilot business.