On December 27, Peng Yanjie, Deputy Governor of Deutsche Bank Co., Ltd., said at the Sanya Finance International Forum that customs clearance across Hainan has brought new opportunities to the wealth management industry, and that the free trade port policy has provided a unique testing ground for innovation in cross-border financial products and services. The tax and foreign exchange policies of the Hainan Free Trade Port provide an excellent soil for establishing a more flexible and international trust structure. Family trusts, insurance and other tools should be used to play a “combo punch” to achieve asset isolation, risk prevention, and smooth inheritance. Peng Yanjie also said that pilot projects in cross-border asset management can be used to design RMB denominated fund wealth management products that meet investors' needs. Wealth management must be based on sustainable ESG development and combined with substantial consumer rights protection to promote healthy market development through continuous support and investor education. He also pointed out that charitable trusts and impact investments are an important way for wealth to give back to society, and Hainan has issued relevant guidelines, which are conducive to building a transparent and standardized charitable finance ecosystem.

On December 27, Peng Yanjie, Deputy Governor of Deutsche Bank Co., Ltd., said at the Sanya Finance International Forum that customs clearance across Hainan has brought new opportunities to the wealth management industry, and that the free trade port policy has provided a unique testing ground for innovation in cross-border financial products and services. The tax and foreign exchange policies of the Hainan Free Trade Port provide an excellent soil for establishing a more flexible and international trust structure. Family trusts, insurance and other tools should be used to play a “combo punch” to achieve asset isolation, risk prevention, and smooth inheritance. Peng Yanjie also said that pilot projects in cross-border asset management can be used to design RMB denominated fund wealth management products that meet investors' needs. Wealth management must be based on sustainable ESG development and combined with substantial consumer rights protection to promote healthy market development through continuous support and investor education. He also pointed out that charitable trusts and impact investments are an important way for wealth to give back to society, and Hainan has issued relevant guidelines, which are conducive to building a transparent and standardized charitable finance ecosystem.