Hainan EF account business volume exceeds 120 billion yuan.

The People's Bank of China Hainan Branch held a press conference for the second quarter of 2025 on May 9th, revealing that the multi-functional free trade account business in Hainan Free Trade Port continues to grow. As of May 8, 10 pilot banks in Hainan have opened more than 330 EF accounts, with a total business volume of over 120 billion yuan. Currently, the most common business scenarios for fund transfers in Hainan Free Trade Port EF accounts include cross-border trade settlement, spot and forward foreign exchange settlement, working capital loans, overseas lending, overseas investment, and foreign investment.