On December 18, the Hainan Free Trade Port will officially launch island-wide customs clearance. According to reports, all three financial preparations for customs clearance have been completed. First, the cross-border capital flow management system has been further improved. The “Administrative Measures on Multi-functional Free Trade Account Operations at the Hainan Free Trade Port” were formulated and issued to provide institutional guarantees for the free flow of cross-border capital. Second, a multi-purpose free trade account has been launched. Third, the monitoring and early warning mechanism for cross-border capital flows has been further improved. Coordinate development and security, strengthen practical applications such as monitoring, early warning, and analysis of cross-border capital flows, and comprehensively improve cross-border financial risk prevention capabilities.

On December 18, the Hainan Free Trade Port will officially launch island-wide customs clearance. According to reports, all three financial preparations for customs clearance have been completed. First, the cross-border capital flow management system has been further improved. The “Administrative Measures on Multi-functional Free Trade Account Operations at the Hainan Free Trade Port” were formulated and issued to provide institutional guarantees for the free flow of cross-border capital. Second, a multi-purpose free trade account has been launched. Third, the monitoring and early warning mechanism for cross-border capital flows has been further improved. Coordinate development and security, strengthen practical applications such as monitoring, early warning, and analysis of cross-border capital flows, and comprehensively improve cross-border financial risk prevention capabilities.