Cross-border fund flow mechanism boosts free trade in Hainan

The multifunctional Electronic Fence account for the Hainan Free Trade Port offers benefits like integrated domestic and foreign currency accounts, seamless cross-border fund flows, the application of the offshore RMB exchange rate and limited permeability between domestic and overseas funds, providing convenience for cross-border enterprises and individuals.

From its launch in May last year to the end of July this year, a total of 483 EF accounts had been opened in the Hainan Free Trade Port, with cumulative fund flows reaching 172.6 billion yuan ($24.26 billion), covering 61 countries and regions worldwide.

Ma Mengmeng and Zhang Jie contributed to this video.