Hainan Free Trade Port starts the island-wide closure on the 18th, and all three financial preparedness tasks for the closure have been completed.

On December 18th, Hainan Free Trade Port will officially implement island-wide closure. It is reported that three financial preparation tasks for the closure have been completed. The first is the further improvement of the cross-border fund flow management system. The "Hainan Free Trade Port Multi-functional Free Trade Account Business Management Measures" have been formulated and promulgated to provide institutional guarantee for the free flow of cross-border funds. The second is the launch and operation of multi-functional free trade accounts. The third is the further enhancement of the cross-border fund flow monitoring and early warning mechanism. Overall, development and security are coordinated, and practical applications such as strengthening the monitoring, early warning, and analysis of cross-border fund flows will comprehensively enhance the ability to prevent cross-border financial risks.