日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Hainan to be focal point of reforms

By SHI JING in Shanghai and OUYANG SHIJIA in Beijing | CHINA DAILY | Updated: 2021-04-10 07:06
Share
Share - WeChat
A view of Sanya Bay in Hainan province. [Photo provided to chinadaily.com.cn]

Guideline sets out 33 detailed measures to further facilitate free trade on island

The central government on Friday launched a series of financial measures to turn Hainan Free Trade Port into a focal point of China's deepened reforms, showing the nation's latest efforts to further open up to the world, said experts.

The People's Bank of China, together with three other top financial regulators, released on Friday a guideline with 33 detailed measures, which are set to further facilitate free trade in Hainan, perfect its financial market system, further open up its financial market, enhance innovation, improve financial services and strengthen financial regulation.

The guideline will also help to strengthen Hainan's weak links and consolidate its financial base, the central bank said on its official website.

Chi Fulin, president of the Haikou-based China Institute for Reform and Development, said that financial opening-up is integral to systematic policy innovation in Hainan. In order to facilitate the flow of cross-border capital, financial reform and innovation is vital while offshore financial businesses should play a bigger role in Hainan, he said.

Under the recently announced guideline, the financial market in Hainan should shoulder more responsibility in serving the real economy. As such, competitive companies in Hainan are encouraged to go public or to expand via the multi-tranche equity market in the area, according to the guideline. Mergers and acquisitions aimed at transformation and industrial upgrading are supported, while qualified companies based in Hainan will be encouraged to issue corporate bonds.

Further financial opening-up is another highlight of the guideline. Banks in Hainan are encouraged to introduce qualified overseas strategic investors to improve their equity structure. By working more closely with insurers in the Hong Kong and Macao special administrative regions, Hainan should seek opportunities in offshore reinsurance businesses. Overseas institutions are allowed to set up wholly owned or jointly held futures companies in the area. Foreigners working in Hainan are allowed to participate in domestic securities investment.

Mark Wang, president and CEO of HSBC (China) Co Ltd, said that the construction of a free trade port is inseparable from financial services, especially cross-border financial services.

"The supportive policies announced today will help to attract more international institutions and capital, providing capital support for the construction of various projects, including infrastructure projects. The measures will activate Hainan's financial market in all aspects and accelerate the construction of Hainan Free Trade Port," he said.

Meanwhile, Hainan is allowed to carry out the outbound investment Qualified Domestic Limited Partner scheme. Qualified Foreign Limited Partners in Hainan are also allowed to freely manage their capital based on their balance. In addition, the foreign exchange registration process will be simplified.

Experts from Jingtian & Gongcheng Law Firm explained in a note that foreign equity investment firms will meet no threshold under the QFLP management rules in Hainan, and stand on a totally equal footing with similar domestic firms. The negative list mechanism is adopted for the investment scope of QFLPs in Hainan, which will help more foreign capital to invest in private equities and venture capital in the area.

Tao Jin, deputy director of the macroeconomic research center of the Suning Institute of Finance, said that Hainan Free Trade Port has gained paramount policy support, which will be translated into an unprecedented concentration of resources. The area's economic scale and efficiency will thus be largely enhanced. Successful experiences in Hainan are also likely to be promoted nationwide in the future, he said.

A master plan for Hainan Free Trade Port was released in June, which requires establishing a basic free trade port policy system with a key focus on facilitating free trade and investment by 2025.

By 2035, the free trade port system and operations in Hainan will be more mature. By the middle of the century, a high-level free trade port with strong international influence will be fully established, according to the plan.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 国产毛片视频 | 羞羞电影在线观看 | 国产成人av一区二区三区 | 那一个欧美一级毛片 | 男人j进女人j啪啪无遮挡动态 | 日韩高清中文字幕 | 自拍视频网 | 久久亚洲欧美日韩精品专区 | 午夜视频一区 | 操久久久 | 一级片在线 | 日本中文字幕一区二区有码在线 | 91视频在线网站 | 久久精品免费一区二区三区 | 精品欧美一区二区在线观看欧美熟 | 免费自拍偷拍 | 99久久网 | 久久国产精品久久久久久久久久 | 日本高清视频www夜色资源网 | 亚洲国产天堂久久综合226 | 亚洲性人人天天夜夜摸 | 老人与老人免费a级毛片 | 久久福利青草精品免费 | 色综合久久婷婷天天 | 国内自拍视频在线看免费观看 | 天天干天日 | 欧美一级成人免费大片 | 欧美1级 | 久久国产婷婷国产香蕉 | 中文字幕国产日韩 | 日日拍夜夜嗷嗷叫视频 | 午夜日韩 | 国产精品国产精品国产专区不卡 | 成人精品鲁一区一区二区 | av片免费| 国产精品一区久久久久 | 欧美大片一区二区三区 | 日韩在线 在线播放 | 艹逼视频免费 | 免费看污成人午夜网站 | 成人偷拍片视频在线观看 |