Ye Yanfei: Hainan has the conditions to become China's wealth management center for cross-border investment and financing.

On December 27, Ye Yanfei, former chief inspector of the Policy Research Department of the China Banking and Insurance Regulatory Commission, stated at the Sanya Financial International Forum and the 5th Sanya Wealth Management Conference that Hainan's geographical advantages, policy advantages, and business environment advantages make it possible for it to become a wealth management center for cross-border investment and financing in China. In order to innovate wealth management in the Hainan Free Trade Port, it is necessary to first study the establishment of a sandbox-style institutional trial and error space, strengthen two-way communication and interaction with financial regulatory authorities, and also require supportive and inclusive financial supervision.