The Hainan Branch of the Central Bank: The initial total limit for the trial operation of cross-border asset management business in Hainan Free Trade Port is 10 billion yuan.

The detailed rules for the implementation of the pilot program for cross-border asset management in the Hainan Free Trade Port have been released which mentioned that the pilot program involves scale management. The pilot scale refers to the net inflow scale of funds for pilot asset management products purchased by overseas investors which shall not exceed the total scale limit of the pilot program at any point in time. The total scale of the pilot program is the sum of the pilot scale approved by the People's Bank of China Hainan Branch for each issuing institution. Under the guidance of the People's Bank of China, Hainan Branch will set and dynamically adjust the total scale limit of the pilot program for cross-border asset management based on the economic and financial development of the Hainan Free Trade Port international balance of payments market demand and other factors and promptly publish it through the official website. The initial total scale limit of the pilot program is set at 10 billion RMB.