Deutsche Bank's Peng Yanjie: Hainan Free Trade Port provides a unique experimental field for the innovation of cross-border financial products and services.

On December 27th, Peng Yanjie, Deputy Head of the Head Office of Deutsche Bank AG, stated at the SanyaCaixin International Forum that the island-wide blockade in Hainan has brought new opportunities for the wealth management industry, and the policies of the Free Trade Port provide a unique experimental field for the innovation of cross-border financial products and services. The tax and foreign exchange policies of the Hainan Free Trade Port provide excellent soil for the establishment of more flexible and international trust structures. It is advisable to make good use of tools such as family trusts and insurance to achieve asset segregation, risk prevention, and smooth inheritance. Peng Yanjie also mentioned that by using the pilot program of cross-border asset management, it is possible to design RMB-denominated fund management products that meet the needs of investors. Wealth management must be based on ESG sustainable development and combined with the protection of substantive consumer rights. By continuously accompanying and educating investors, we can promote the healthy development of the market. He also pointed out that philanthropic trusts and impact investment are important ways for wealth to give back to society. Hainan has issued relevant guidelines, which will help establish a transparent and standardized philanthropic financial ecosystem.