Hainan: Promote the pilot expansion of EF accounts to enhance the facilitation of cross-border capital flow in the Hainan Free Trade Port.

The General Office of the People's Government of Hainan Province issued the "Three-Year Action Plan for Accelerating the Construction of a Modern Industrial System with Characteristics and Advantages in Hainan Province". The plan requires that financial reforms be carried out as a priority. It will promote the expansion of EF account pilot projects, improve the level of cross-border capital flow facilitation in Hainan Free Trade Port, actively strive to introduce cross-border asset management policy pilot projects, support the development of cross-border fund operation centers, and accelerate the construction of the Hainan Free Trade Port cross-border fund monitoring platform. Precisely release the policy benefits of the substantial operation recognition of aircraft and ship leasing SPVs, and attract financial leasing and financing leasing companies to develop business in Hainan. By 2027, the asset management amount of the modern financial industry cluster in the Central Business District of Sanya will reach nearly 600 billion yuan.