The Implementation Plan on Implementing the Opinions on Financial Support for Comprehensively Deepening Reform and Opening Up in Hainan issued by the People's Bank of China Haikou Central Sub-branch and other departments

People's Bank of China Haikou Central Branch Provincial Local Financial Regulatory Bureau
CBIRC Hainan Regulatory Bureau China Securities Regulatory Commission Hainan Regulatory Bureau
SAFE Hainan Branch

In order to thoroughly implement the important speech of General Secretary Xi Jinping at the conference celebrating the 30th anniversary of Hainan's establishment as a province and a special economic zone, implement the important arrangements of the "Guiding Opinions of the CPC Central Committee and the State Council on Supporting Hainan's Comprehensive Deepening of Reform and Opening Up", "Overall Plan for the Construction of Hainan Free Trade Port" and "Opinions on Financial Support for Hainan's Comprehensive Deepening of Reform and Opening Up", adhere to the general principles of supporting the development of the real economy, serving the construction of Hainan Free Trade Port, deepening financial reform and opening up with institutional innovation as the core, and strengthening the construction of financial risk prevention and control systems, further promote Hainan's comprehensive deepening of reform and opening up, establish a financial policy and institutional framework that is compatible with Hainan Free Trade Port, and formulate this plan.

1. Improve the convertibility of the RMB and support the liberalization and facilitation of cross-border trade and investment

(I) Further promote the facilitation of cross-border goods trade, service trade and new international trade settlement.

1. Expand the scope of pilot banks for trade foreign exchange receipts and payments facilitation in a timely manner. Support prudent and compliant banks to expand the scope of pilot enterprises and facilitate trade settlement for more Hainan Free Trade Port enterprises with good credit and standardized management. (Responsible unit: Hainan Branch of the State Administration of Foreign Exchange)

2. On the basis of fulfilling the obligations such as the "Three Principles of Business Development", prudent and compliant banks in the Hainan Free Trade Port can pilot the use of payment instructions to handle real and compliant goods trade and service trade settlements for high-quality customers in the Yangpu Free Trade Port Area in accordance with the law, and further facilitate the cross-border settlement of real and compliant international trade. (Responsible unit: Hainan Branch of the State Administration of Foreign Exchange)

3. Encourage high-quality enterprises to use RMB for cross-border settlement of goods trade and service trade. Encourage banking institutions in the Hainan Free Trade Port to handle cross-border RMB settlement of goods trade and service trade for cross-border RMB high-quality enterprises in accordance with the facilitation measures stipulated in the relevant plan for facilitating cross-border RMB settlement of high-quality enterprises. (Responsible unit: Haikou Central Sub-branch of the People's Bank of China)

4. Encourage the use of free trade accounts to facilitate cross-border settlement of new international trade. Support banking institutions in the Hainan Free Trade Port to handle cross-border goods trade, service trade and cross-border settlement of new international trade for high-quality customers of free trade accounts in accordance with the provisions of relevant operating guidelines in accordance with the "simplified process". (Responsible unit: People's Bank of China Haikou Central Branch)

5. Establish a new offshore international trade enterprise service center, explore the establishment of a new offshore international trade full life cycle service and management model, and provide enterprises with policy consultation, investment promotion, enterprise training, project coordination, monitoring and evaluation, market exit, financial law and other services. Establish a new offshore international trade public information service platform, gradually realize the information interconnection of enterprises, governments, third-party professional institutions, etc., strengthen cross-departmental supervision information sharing in accordance with the law, and provide guarantees for the healthy and orderly development of new offshore international trade. (Responsible units: Yangpu Economic Development Zone Management Committee, Haikou Municipal Government, Provincial Department of Commerce)

(II) Explore new forms of cross-border investment foreign exchange management that adapt to market demand.

6. Actively carry out the qualified foreign limited partner (QFLP) pilot. Fund management companies can apply to the Hainan Provincial Local Financial Supervision and Administration Bureau for QFLP pilot qualifications and investment scale filing, and carry out various investment activities outside the special management measures for foreign investment access (negative list) in the country (except real estate companies and local government financing platforms). (Responsible units: Provincial Local Financial Regulatory Bureau, Hainan Branch of SAFE, Hainan Branch of CSRC)

7. Allow qualified foreign limited partners (QFLP) in Hainan Free Trade Port to freely remit and remit funds in accordance with the balance management model. Under the premise that risks are controllable, after the management company that has obtained the QFLP pilot qualification initiates and establishes a fund in China, foreign investors can freely remit and remit principal within the registered amount to participate in the subscription and redemption of the fund. (Responsible units: Provincial Local Financial Regulatory Bureau, Hainan Branch of CSRC, Hainan Branch of SAFE)

8. Simplify the foreign exchange registration procedures for qualified foreign limited partners (QFLP). Management companies that have obtained the QFLP pilot qualification do not need to go through the procedures of foreign exchange registration change for each change in the capital of the fund they initiate and establish. (Responsible unit: Hainan Branch of SAFE)

9. Actively carry out the qualified domestic limited partner (QDLP) pilot, and allow enterprises that have obtained the QDLP pilot qualification to carry out investment activities such as foreign equity investment and securities investment in accordance with national policies. The Hainan Provincial Local Financial Supervision and Administration Bureau, together with the Hainan Branch of the State Administration of Foreign Exchange, will apply to the State Administration of Foreign Exchange for additional QDLP quotas every year based on the pilot situation and actual needs. (Responsible units: Provincial Local Financial Supervision Bureau, Hainan Branch of the State Administration of Foreign Exchange, Hainan Supervision Bureau of the China Securities Regulatory Commission)

(III) Improve the macro-prudential management policy framework for full-caliber cross-border financing.

10. Fully meet the reasonable needs of enterprises for cross-border financing. When non-financial enterprises registered in the Hainan Free Trade Port (excluding real estate enterprises and local government financing platforms) apply for full-caliber cross-border financing, the Hainan Branch of the State Administration of Foreign Exchange will appropriately increase the cross-border financing limit based on the application of the enterprise, combined with its actual business needs and financing capabilities, and achieve a higher amount of cross-border capital integration under the premise of controllable risks. (Responsible units: People's Bank of China Haikou Central Sub-branch, Hainan Branch of the State Administration of Foreign Exchange, Provincial Development and Reform Commission)

11. Under the premise of meeting the requirements of macro-prudential management, flexible support will be given to eligible enterprises for cross-border financing in accordance with laws and regulations. For enterprises with independent intellectual property rights, advanced technology and processes, good market prospects and relatively small net assets, they may be allowed to borrow foreign debt within a certain amount according to the principle of actual need. (Responsible units: Hainan Branch of the State Administration of Foreign Exchange, Provincial Department of Science and Technology, Provincial Taxation Bureau)

12. Increase investment promotion efforts, interpret and guide policies for the cross-border financing needs of domestic enterprises, attract various financial institutions to Hainan, and enhance the ability and level of financial services to the real economy. (Responsible units: Provincial Local Financial Regulatory Bureau, Hainan International Economic Development Bureau, People's Bank of China Haikou Central Branch, Hainan Regulatory Bureau of China Banking and Insurance Regulatory Commission, Hainan Regulatory Bureau of China Securities Regulatory Commission)

(IV) Explore the pilot of cross-border asset management business.

13. For overseas investors investing in asset management products such as wealth management products issued by financial institutions in Hainan Free Trade Port, private asset management products of securities and futures operating institutions, public securities investment funds, and insurance asset management products, on the premise of closed funds and risk isolation, provide convenience for overseas investors in account opening, fund transfer and foreign exchange. (Responsible units: People's Bank of China Haikou Central Sub-branch, SAFE Hainan Branch, CBIRC Hainan Regulatory Bureau, CSRC Hainan Regulatory Bureau)

14. Support banks, securities companies, futures companies, public fund management companies, insurance companies and other financial institutions in Hainan Free Trade Port to carry out pilot projects for cross-border asset management business. Encourage qualified legal entities in Hainan Free Trade Port to take the lead in carrying out pilot projects, develop asset management products, and issue and sell them to overseas investors. (Responsible units: SAFE Hainan Branch, CBIRC Hainan Regulatory Bureau, CSRC Hainan Regulatory Bureau, People's Bank of China Haikou Central Sub-branch)

(V) Explore the relaxation of individual cross-border transaction policies.

15. Support overseas individuals employed in Hainan Free Trade Port to use domestic legal income and foreign legal foreign exchange income to carry out various domestic investments including securities investment (stocks, bonds, funds, etc.) and equity investment. (Responsible units: CSRC Hainan Regulatory Bureau, CBIRC Hainan Regulatory Bureau, SAFE Hainan Branch, People's Bank of China Haikou Central Sub-branch)

16. Allow qualified non-residents to purchase real estate in Hainan Free Trade Port on the principle of actual need. (Responsible unit: Provincial Department of Housing and Urban-Rural Development)

17. Provide foreign exchange convenience for eligible non-residents who purchase houses. Non-residents who remit money for house purchases from abroad can directly go to the bank to handle fund remittance and foreign exchange settlement procedures with their identity certificate, house purchase contract and real estate authority filing certificate, without the need to register for foreign exchange or open a foreign exchange account. (Responsible unit: Hainan Branch of the State Administration of Foreign Exchange, Haikou Central Branch of the People's Bank of China)

18. Improve the convenience level of personal foreign exchange purchase and payment of tuition fees for Hainan residents studying abroad, salary settlement, etc. Further study measures to facilitate personal foreign exchange use by Hainan residents. (Responsible unit: Hainan Branch of the State Administration of Foreign Exchange)

(VI) Support the pilot of cross-border fund pool business with unified RMB and foreign currencies.

19. Actively promote the pilot of cross-border fund pool business with unified RMB and foreign currencies. Support eligible multinational corporations in Hainan Free Trade Port to centrally carry out the adjustment and collection of surplus and shortage of RMB and foreign currency funds between domestic and overseas member enterprises, convert funds in special accounts according to actual needs, and implement two-way macro-prudential management of cross-border fund flows. (Responsible units: Hainan Branch of the State Administration of Foreign Exchange, Haikou Central Sub-branch of the People's Bank of China)

(VII) Support qualified non-bank financial institutions to carry out pilot foreign exchange settlement and sales business.

20. Support qualified non-bank financial institutions to apply to the State Administration of Foreign Exchange for pilot foreign exchange settlement and sales business qualifications, and carry out their own foreign exchange settlement and sales and agency foreign exchange settlement and sales business. (Responsible units: Hainan Branch of the State Administration of Foreign Exchange, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Hainan Regulatory Bureau of the China Securities Regulatory Commission)

21. Support non-bank financial institutions to participate in the interbank foreign exchange market after obtaining the qualification for spot foreign exchange settlement and sales business and the qualification for derivative product trading business approved by relevant financial regulatory departments, and carry out RMB-foreign exchange spot transactions and related derivative product transactions in accordance with the law. (Responsible units: Hainan Branch of the State Administration of Foreign Exchange, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Hainan Regulatory Bureau of the China Securities Regulatory Commission)

II. Improve Hainan's financial market system

(VIII) Support the development of the banking industry.

22. Support national joint-stock commercial banks that have not yet established branches in Hainan to establish branches in Hainan. (Responsible units: Provincial Local Financial Regulatory Bureau, CBIRC Hainan Regulatory Bureau jointly lead according to the division of responsibilities, and the People's Bank of China Haikou Central Sub-branch participates)

23. According to the national policy orientation, coordinate and promote the reform of Hainan rural credit cooperatives. Incorporate the reform of Hainan rural credit cooperatives into the overall framework of the construction of Hainan Free Trade Port and coordinate and consider it to serve the rural revitalization strategy. (Responsible units: Provincial Local Financial Regulatory Bureau, CBIRC Hainan Regulatory Bureau, People's Bank of China Haikou Central Sub-branch)

24. Focusing on the development plans of marine industries, high-tech industries and other fields, encourage and support financial institutions in Hainan Free Trade Port to strive for resource tilt of headquarters or groups, develop financial products with Hainan characteristics, and provide a package of comprehensive financial services for marine industries, high-tech industries and other fields. (Responsible units: People's Bank of China Haikou Central Sub-branch, CBIRC Hainan Regulatory Bureau, Provincial Local Financial Regulatory Bureau, China Securities Regulatory Bureau Hainan Regulatory Bureau)

25. Support Hainan to introduce foreign capital and participate in local asset management companies. (Responsible units: Provincial State-owned Assets Supervision and Administration Commission, Provincial Local Financial Regulatory Bureau)

(IX) Support the initial public offering and mergers and acquisitions of qualified enterprises.

26. Improve the working system for listing of enterprises, strengthen the joint efforts of industry authorities, municipal and county governments and key parks in all aspects of enterprise cultivation and listing, establish and improve the hierarchical reserve resource library for enterprise listing (listing) around industries such as tourism, modern service industry, high-tech industry, tropical high-efficiency agriculture, scientifically plan the path for the initial listing (listing) of enterprises, strengthen the cultivation and guidance of enterprises to be listed, guide equity investment institutions to play an active role, vigorously develop venture capital, and promote the optimization of governance, innovation and entrepreneurship, and industrial upgrading of enterprises to be listed. (Responsible units: Provincial Local Financial Regulatory Bureau, Hainan Regulatory Bureau of the China Securities Regulatory Commission, Provincial Department of Industry and Information Technology, Provincial Department of Commerce, Provincial Department of Tourism, Culture, Radio, Film and Television, Sports, Provincial Department of Science and Technology, Provincial State-owned Assets Supervision and Administration Commission, Provincial Department of Agriculture and Rural Affairs, municipal and county governments, and key parks)

27. Give full play to the leading role of state-owned platforms in promoting industrial development, coordinate with the China Securities Regulatory Commission and various stock exchanges, and support key enterprises to enhance the influence of state-owned assets and industrial driving force through mergers and acquisitions, reorganizations, asset injections and other methods. (Responsible units: Provincial State-owned Assets Supervision and Administration Commission, Hainan Regulatory Bureau of the China Securities Regulatory Commission, Provincial Local Financial Regulatory Bureau, Provincial Department of Tourism, Culture, Radio, Film and Television, Sports, Provincial Department of Industry and Information Technology, Provincial Department of Science and Technology, Provincial Department of Agriculture and Rural Affairs, and municipal and county governments)

28. Attract listed companies with certain industry advantages to move to Hainan, attract high-quality prospective listed companies to register in Hainan and cultivate them as reserve listed companies, and support listed companies to split their high-quality business segments in accordance with laws and regulations to set up new subsidiaries in Hainan and apply for initial public offerings. Provide policy support, accelerate the cultivation of upstream and downstream industrial chains, promote industrial cultivation and transformation and upgrading, and form agglomeration effects. (Responsible units: Provincial Local Financial Regulatory Bureau and Hainan Regulatory Bureau of the China Securities Regulatory Commission jointly lead according to the division of responsibilities, and Provincial Department of Commerce, Provincial Department of Tourism, Culture, Radio, Film and Television, Sports, Provincial Department of Industry and Information Technology, Provincial Department of Science and Technology, Provincial Department of Agriculture and Rural Affairs, municipal and county governments, and key parks participate)

(X) Further expand the scale of direct financing.

29. Establish and improve the financing mechanism for corporate bond issuance. Support eligible Hainan enterprises to issue corporate credit bonds, project income notes, housing rental special bonds, asset securitization products, etc. Promote the securitization of assets such as PPP projects in the province, high-quality stock projects in various cities, counties and key parks, revitalize stock assets and ease financing constraints. Promote the implementation of the pilot program of real estate investment trusts (REITs) in the infrastructure field, establish and improve the REITs project database in the infrastructure field, and promote qualified enterprises to issue REITs in the infrastructure field. Guide intermediary institutions to innovate bond products around the construction of Hainan Free Trade Port, green development, and science and technology to revitalize the country, and increase the scale of direct financing. (Responsible units: Provincial Development and Reform Commission, Provincial Local Financial Regulatory Bureau, Provincial State-owned Assets Supervision and Administration Commission, Hainan Regulatory Bureau of the China Securities Regulatory Commission, Haikou Central Branch of the People's Bank of China)

(XI) Support the development of relevant funds.

30. Support qualified institutions to apply for the establishment of public fund management companies in Hainan in accordance with the law. Support qualified domestic and foreign financial institutions to wholly own or hold controlling stakes in futures companies in Hainan. (Responsible units: Hainan Regulatory Bureau of the China Securities Regulatory Commission, Provincial Local Financial Regulatory Bureau, Provincial Market Supervision Bureau)

31. Increase support for private equity funds invested in key areas such as Hainan's seed industry and modern agriculture in accordance with laws and regulations, and encourage their high-quality development. (Responsible units: Provincial Local Financial Regulatory Bureau, Hainan Regulatory Bureau of China Banking and Insurance Regulatory Commission jointly lead according to the division of responsibilities, and Provincial Department of Agriculture and Rural Affairs participates)

III. Expand Hainan's financial industry to the outside world

(XII) Expand the opening up of the banking industry.

32. Encourage all kinds of foreign financial institutions to settle in Hainan by establishing new legal persons, branches and specialized institutions. Support the establishment of Sino-foreign joint venture banks. (Responsible units: Provincial Local Financial Regulatory Bureau, Hainan Regulatory Bureau of China Banking and Insurance Regulatory Commission, Haikou Central Branch of the People's Bank of China)

33. Further improve the degree of opening up of the banking industry. Support qualified foreign strategic investors to invest in Hainan legal person banking institutions, improve equity structure, and improve corporate governance. (Responsible units: Provincial Local Financial Regulatory Bureau, Hainan Regulatory Bureau of China Banking and Insurance Regulatory Commission jointly lead according to the division of responsibilities, and Haikou Central Branch of the People's Bank of China participates)

(XIII) Expand the opening up of the insurance industry.

34. Encourage Hainan insurance companies to strengthen cross-border cooperation with insurance companies in Hong Kong and Macao, strengthen research on in-depth cooperation between Hainan and Hong Kong and Macao insurance markets, and provide basic conditions for the interconnection and interoperability of Hainan and Hong Kong and Macao insurance markets. (Responsible units: Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Provincial Local Financial Regulatory Bureau, People's Bank of China Haikou Central Branch)

(XIV) Establish a fast track for banking industry access matters.

35. Implement the requirements of the China Banking and Insurance Regulatory Commission's "delegation, regulation and service" reform, establish a time limit system for access matters, further optimize the approval process, shorten the approval process, and shorten the processing time in the administrative license acceptance and approval process.

 

36. Implement the national treatment requirements for foreign investment, support qualified foreign-funded institutions to enter the payment service market through mergers and reorganizations in accordance with market principles and laws and regulations, and obtain payment business licenses in accordance with the relevant provisions of the "Administrative Measures for Payment Services of Non-financial Institutions" and other relevant regulations. (Responsible unit: People's Bank of China Haikou Central Sub-branch)

(XVI) Allow the head office of Chinese commercial banks that have obtained offshore banking qualifications to authorize branches in the Hainan Free Trade Port to conduct offshore banking business.

37. Support the head office of Chinese commercial banks that have obtained offshore banking qualifications to authorize their branches in the Hainan Free Trade Port to conduct offshore banking business. (Responsible units: Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Haikou Central Sub-branch of the People's Bank of China)

38. Encourage the head offices of Chinese commercial banks that have obtained offshore banking qualifications to support their branches in the Hainan Free Trade Port to improve the level of offshore business development through organizational structure, business support, personnel exchanges, etc. (Responsible units: Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Haikou Central Sub-branch of the People's Bank of China)

IV. Increase the innovation of financial products and service methods

(XVII) Encourage the innovation of RMB financial products and services for the international market and expand the scope of overseas RMB investment in Hainan financial products.

39. Focus on supporting high-tech, medical and health, tourism and exhibition, transportation and other industrial enterprises in the Hainan Free Trade Port to issue RMB-denominated bonds and stocks overseas to raise RMB funds. (Responsible units: Provincial Development and Reform Commission, Haikou Central Sub-branch of the People's Bank of China, Hainan Branch of the State Administration of Foreign Exchange)

40. Enterprises in the Hainan Free Trade Port can issue RMB bonds overseas and remit the raised funds into the country for use according to actual needs after completing relevant procedures in accordance with the macro-prudential management regulations for full-caliber cross-border financing. The RMB funds raised by enterprises in Hainan Free Trade Port through issuing stocks overseas can be remitted into the country for use according to actual needs. (Responsible units: People's Bank of China Haikou Central Sub-branch, Hainan Regulatory Bureau of China Securities Regulatory Commission)

41. Support the issuance of offshore RMB local government bonds overseas, and the raised funds can be remitted into the country for use according to actual needs. (Responsible units: Provincial Department of Finance, Provincial Development and Reform Commission, People's Bank of China Haikou Central Sub-branch, Hainan Branch of State Administration of Foreign Exchange)

(XVIII) Steadily expand the scope of cross-border asset transfers.

42. Under the principles of controllable risks and prudent management, banks and agencies in Hainan Free Trade Port are allowed to transfer credit assets including bank non-performing loans and cross-border trade financing assets. Financial institutions in Hainan Free Trade Port are allowed to acquire assets of qualified foreign financial institutions. (Responsible units: Hainan Branch of State Administration of Foreign Exchange, People's Bank of China Haikou Central Sub-branch)

43. Support financial institutions in Hainan Free Trade Port to expand the scope of cross-border RMB settlement of assets transferred out. Banking institutions in Hainan Free Trade Port may transfer their cross-border trade financing and domestic trade financing assets to overseas financial institutions in accordance with relevant regulations, and use RMB for cross-border settlement, and steadily expand the specific types of transferable assets under the guidance of the People's Bank of China. (Responsible unit: People's Bank of China Haikou Central Sub-branch)

(XIX) Promote the pilot of mortgage guarantee for the use rights of state-owned agricultural land in agricultural reclamation.

44. Accelerate the study and improvement of the registration, disposal and circulation mechanism of mortgage guarantee for state-owned allocated agricultural land in agricultural reclamation, effectively activate agricultural land resources in agricultural reclamation, and enhance the efficiency and financing capacity of agricultural land resources. Promote the improvement of supporting measures such as mortgage guarantee registration and mortgage value assessment, and improve risk prevention and resolution mechanisms. (Responsible units: Provincial Department of Natural Resources and Planning, Provincial State-owned Assets Supervision and Administration Commission, Provincial Department of Agriculture and Rural Affairs, Provincial Agricultural Reclamation Investment Holding Group Co., Ltd., Hainan Supervision Bureau of China Banking and Insurance Regulatory Commission, People's Bank of China Haikou Central Sub-branch)

(XX) Innovate and develop insurance business.

45. Support qualified insurance institutions to establish insurance asset management companies. (Responsible units: Provincial Local Financial Regulatory Bureau, Hainan Regulatory Bureau of CBIRC jointly lead according to the division of responsibilities, and People's Bank of China Haikou Central Sub-branch participates)

46. Support insurance asset management companies established in Hainan to issue RMB-denominated asset management products overseas under the premise of independent accounts and risk isolation. (Responsible units: Hainan Regulatory Bureau of CBIRC, Haikou Central Sub-branch of People's Bank of China, Provincial Local Financial Regulatory Bureau)

47. Enhance the opening-up capabilities of insurance institutions and support qualified insurance institutions to carry out overseas investment business. (Responsible units: Hainan Regulatory Bureau of CBIRC, Haikou Central Sub-branch of People's Bank of China)

48. Encourage insurance institutions to strengthen innovation, focus on the environment, tourism, health, elderly care and other fields, develop personalized, differentiated and customized products, and improve the level of insurance services for the construction of Hainan Free Trade Port. Continue to promote the "standardization, expansion and increase of agricultural insurance" to improve the quality of agricultural insurance services. (Responsible units: Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Provincial Department of Ecology and Environment, Provincial Department of Tourism, Culture, Radio, Film and Television, Sports, Health Commission, Provincial Department of Agriculture and Rural Affairs, Provincial Local Financial Regulatory Bureau, Provincial Department of Finance)

(XXI) Develop green financial business.

49. Accelerate the innovation of green credit products and services. Guide banking financial institutions to incorporate green finance into long-term development strategic planning, support banking financial institutions to innovate green credit products based on intellectual property rights, energy use rights, pollution emission rights, carbon emission rights and other collaterals, and expand the scope of green enterprises and projects. Support banking financial institutions to issue green financial bonds. (Responsible units: Haikou Central Branch of the People's Bank of China, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Hainan Regulatory Bureau of the China Securities Regulatory Commission, Provincial Department of Ecology and Environment)

50. Increase financing support for green industries. Actively cultivate green environmental protection industries and enrich the reserve resource pool of provincial listed companies. Support qualified green enterprises to go public for financing, refinancing, and issue green bonds. Establish an incentive mechanism for financial institutions to invest in green bonds and green industries, and increase the enthusiasm of financial institutions to participate in Hainan's green investment and financing projects. Encourage green financial innovation business to be piloted first, and support Hainan in building a national ecological civilization pilot zone. (Responsible units: Provincial Local Financial Regulatory Bureau, Hainan Regulatory Bureau of the China Securities Regulatory Commission jointly lead according to the division of responsibilities, and the Provincial Department of Finance, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Haikou Central Branch of the People's Bank of China, and Provincial Department of Ecology and Environment participate)

51. Support insurance institutions to innovate green insurance products and services. Explore the establishment of a catastrophe insurance system to deal with major natural disasters. Encourage insurance institutions to develop products such as environmental protection technology and equipment insurance, green consumer product quality and safety liability insurance, ship pollution damage liability insurance, forest insurance and agricultural insurance. (Responsible units: Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Provincial Local Financial Regulatory Bureau, Provincial Department of Finance, Provincial Department of Agriculture and Rural Affairs, Provincial Department of Emergency Management, Provincial Department of Ecology and Environment)

52. Promote the establishment of Hainan International Carbon Emissions Trading Venue, highlight the differentiated development positioning, and connect the national carbon trading market with the international market. (Responsible units: Provincial Local Financial Regulatory Bureau, Provincial Department of Ecology and Environment, Hainan Regulatory Bureau of the China Securities Regulatory Commission, Haikou Central Branch of the People's Bank of China, Provincial Development and Reform Commission, Provincial Department of Finance)

(XXII) Support the development of science and technology finance and promote the development of marine science and technology.

53. Support banking financial institutions to strengthen cooperation with technology transformation investment funds and venture capital institutions, explore innovative financial service models to support the transformation of technology innovation enterprises, and support the strengthening of deep-sea technological innovation. (Responsible units: Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Haikou Central Branch of the People's Bank of China, Provincial Department of Science and Technology, Provincial Department of Finance, Hainan Regulatory Bureau of the China Securities Regulatory Commission)

54. Support banking financial institutions to increase financial services in the fields of marine biotechnology, marine ecological environment protection and marine information technology through financial products and models such as "Qiongkedai". (Responsible units: Haikou Central Branch of the People's Bank of China, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Provincial Local Financial Regulatory Bureau, Provincial Department of Science and Technology, Provincial Intellectual Property Office, Provincial Department of Finance)

(XXIII) Strengthen the application of financial technology innovation under the premise of compliance with laws and regulations and controllable risks.

55. Further expand the pilot scope of cross-border financial blockchain service platform, enrich application scenarios, gradually form a cross-border financing credit service system, promote trade and investment facilitation, and improve the level of foreign exchange services. (Responsible units: Hainan Branch of the State Administration of Foreign Exchange, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, and Provincial Big Data Management Bureau)

56. Encourage financial institutions to further strengthen the use of information technologies such as the Internet, big data, and cloud computing, and create a data-based, automated, and intelligent financial service model. (Responsible units: Provincial Local Financial Regulatory Bureau, People's Bank of China Haikou Central Sub-branch, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Hainan Regulatory Bureau of the China Securities Regulatory Commission, Provincial Department of Industry and Information Technology, and Provincial Department of Science and Technology)

57. Seek support from the financial management departments of the State Council to tilt financial technology resources to Hainan, improve the construction of financial technology infrastructure, promote the establishment of national financial technology infrastructure operating institutions, financial technology subsidiaries, and financial technology innovation laboratories in Hainan, and support the development of financial technology departments or subsidiaries of large financial institutions in Hainan. (Responsible units: Provincial Local Financial Regulatory Bureau, People's Bank of China Haikou Central Sub-branch, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Hainan Regulatory Bureau of the China Securities Regulatory Commission, Provincial Department of Industry and Information Technology, and Provincial Department of Science and Technology)

V. Improve the level of financial services

(XXIV) Support the exploration and implementation of a pilot program for a unified domestic and foreign currency bank settlement account system

58. Steadily promote the pilot program of the unified domestic and foreign currency bank settlement account system, and provide high-quality, safe and efficient bank account services for market entities. (Responsible units: People's Bank of China Haikou Central Sub-branch, SAFE Hainan Branch)

(Twenty-fifth) Promote the development of small and micro enterprise cards, rural revitalization cards and other businesses to meet the Internet and mobile payment and settlement needs of small and micro enterprises and the "three rural" industries.

59. Promote small and micro enterprise cards, rural revitalization cards and other businesses in light of the characteristics of local industrial development, and expand the number of cards issued and the scope of card issuing institutions. Promote payment services to support the accelerated development of agricultural and rural modernization, and comprehensively improve the level of payment services in rural areas under the premise of sustainability. Vigorously promote the application of emerging payment methods such as mobile payment in rural characteristic industries, agricultural product procurement and other fields, and encourage and support various payment service entities to conduct business in rural areas. (Responsible unit: People's Bank of China Haikou Central Sub-branch)

(Twenty-sixth) Improve the level of cross-border mobile payment facilitation.

60. Promote the construction of mobile payment facilitation for overseas personnel in China, and facilitate their use of mobile electronic payment tools in Hainan. (Responsible units: People's Bank of China Haikou Central Sub-branch, Provincial Department of Tourism, Culture, Radio, Film and Television, Sports, Provincial Department of Commerce, Provincial Public Security Department Exit and Entry Administration, Provincial Local Financial Regulatory Bureau, Hainan Regulatory Bureau of China Banking and Insurance Regulatory Commission)

61. Support qualified domestic mobile payment institutions to conduct business overseas, and gradually expand the scope of their cross-border mobile payment through overseas participating institutions of the RMB Cross-Border Payment System (CIPS). (Responsible unit: People's Bank of China Haikou Central Sub-branch)

(XXVII) Continue to promote the construction of credit reporting system.

62. Accelerate the construction, docking and promotion of comprehensive financial service platforms for small and micro enterprises such as smart finance, deepen the collection and application of non-bank credit information of small and micro enterprises, encourage financial institutions to develop "Credit Easy Loan" financial products, and guide small and micro enterprises to better use platform services. (Responsible units: Provincial Local Financial Regulatory Bureau, Provincial Development and Reform Commission, People's Bank of China Haikou Central Sub-branch, Provincial Big Data Administration, Hainan Regulatory Bureau of China Banking and Insurance Regulatory Commission, Provincial Department of Industry and Information Technology)

63. Accelerate the creation of "credit villages and credit towns" and continue to optimize the rural credit environment. Promote the construction of agricultural credit information database, accelerate the collection and credit assessment of new agricultural business entities and farmers, and achieve "assessment of all that should be assessed and all that are willing to be assessed". (Responsible units: People's Bank of China Haikou Central Sub-branch, Provincial Local Financial Regulatory Bureau, Provincial Development and Reform Commission, Provincial Department of Agriculture and Rural Affairs, Provincial Department of Finance)

64. Develop the credit service market. Support credit rating agencies with market influence to establish branches or legal entities to enhance the international recognition of rating results. Cultivate local credit reporting agencies, build a local credit reporting platform for Hainan Free Trade Port, improve the credit information sharing mechanism, and enrich the application scenarios of credit information. (Responsible units: People's Bank of China Haikou Central Sub-branch, Provincial Development and Reform Commission, Provincial Department of Finance, Provincial Department of Commerce, Hainan Regulatory Bureau of the China Securities Regulatory Commission, Provincial Department of Industry and Information Technology, Provincial Big Data Administration, Provincial Local Financial Regulatory Bureau, Provincial Department of Science and Technology)

(XXVIII) Support the accelerated development of modern service industries such as shipping finance and ship financing and leasing.

65. Learn from foreign shipping fund service models, give full play to the leverage role of government investment funds, and guide port and shipping companies, financial institutions and other social capital to support the development of marine-related enterprises in a market-oriented manner under the premise of compliance with laws and regulations and controllable risks. (Responsible units: Provincial Local Financial Regulatory Bureau, Provincial Department of Finance, People's Bank of China Haikou Central Branch, Provincial Department of Transportation, Yangpu Economic Development Zone Management Committee)

66. Encourage commercial banks and other financial institutions to increase financial innovation, develop more financial products and services that meet the needs of shipping industry development, and continuously improve the quality and efficiency of financial services. (Responsible units: Hainan Regulatory Bureau of China Banking and Insurance Regulatory Commission, Provincial Local Financial Regulatory Bureau, People's Bank of China Haikou Central Branch)

67. Study the support policy for ship insurance that is further opened to the outside world. Encourage insurance institutions in the province to enrich shipping insurance products on the basis of traditional cargo insurance and ship insurance. (Responsible units: Hainan Regulatory Bureau of China Banking and Insurance Regulatory Commission, Provincial Department of Transportation, Hainan Maritime Safety Administration)

68. Cancel restrictions on overseas financing of ships and explore replacing deposits with insurance. (Responsible units: Hainan Branch of the State Administration of Foreign Exchange, Provincial Local Financial Regulatory Bureau, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission)

69. Encourage qualified investors to establish financial leasing companies in Hainan in accordance with laws, regulations and procedures. Support financial leasing companies to establish single-ship project subsidiaries (SPVs) and promote business innovations such as single-ship financial leasing, cross-border leasing, and export leasing. (Responsible units: Provincial Local Financial Regulatory Bureau and Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission jointly take the lead according to the division of responsibilities, and the Provincial Market Supervision Bureau, the People's Bank of China Haikou Central Branch, and the Provincial Department of Transportation participate)

70. Formulate specific measures to support the development of ship financial leasing, simplify the establishment process of ship financial leasing companies, strengthen the establishment guidance of investment entities, and promote qualified institutions to establish financial leasing companies. (Responsible unit: Provincial Local Financial Regulatory Bureau)

(XXIX) Support the development of culture, sports, and tourism.

71. Encourage municipal and county governments to guide social capital, financial capital, etc. to increase support for culture, sports, and tourism through financial subsidies, loan interest subsidies, etc. Support financial institutions in Hainan Free Trade Port to increase the issuance of unsecured credit loans to cultural, sports and tourism enterprises with good development prospects and good credit records. (Responsible units: municipal and county governments, Provincial Department of Finance, People's Bank of China Haikou Central Sub-branch, CBIRC Hainan Regulatory Bureau)

72. Encourage municipal and county governments to establish a database of cultural, sports and tourism industry enterprises that are highly integrated with health care, elderly care and health preservation. Support qualified enterprises to issue special bonds, IPOs and refinancing for cultural, sports and tourism enterprises in accordance with laws and regulations, and gradually reduce financing costs. (Responsible units: municipal and county governments, Provincial Department of Tourism, Culture, Radio, Film and Television, Provincial Development and Reform Commission, China Securities Regulatory Bureau Hainan, People's Bank of China Haikou Central Sub-branch)

73. Encourage financial institutions to explore effective credit models and service methods, focus on supporting the construction of cruise and yacht industry clusters and related public service supporting facilities, and innovate cruise and yacht related financial products. (Responsible units: People's Bank of China Haikou Central Sub-branch, CBIRC Hainan Regulatory Bureau, municipal and county governments)

(30) Support the development of real estate investment trusts (REITs) in the field of housing rental

s).

74. Support banking financial institutions to actively innovate financial products and services in accordance with the direction of "renting and purchasing" under the premise of controllable risks and commercial sustainability, and support the development of standardized rental housing enterprises. Support the development of real estate investment trusts (REITs) in the field of housing rental. (Responsible units: Provincial Local Financial Regulatory Bureau, Provincial Department of Housing and Urban-Rural Development, People's Bank of China Haikou Central Branch, Hainan Regulatory Bureau of China Banking and Insurance Regulatory Commission, Provincial Department of Natural Resources and Planning, Provincial Taxation Bureau)

VI. Strengthen financial supervision and prevent and resolve financial risks

(31) Build a financial macro-prudential management system, strengthen the identification of major risks and the prevention of systemic financial risks.

75. Improve the financial risk prevention and control system, build a timely, accurate and efficient risk prevention and control mechanism, and achieve the risk prevention and control goals of being able to correct before, control during and manage after. (Responsible units: Haikou Central Sub-branch of the People's Bank of China, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Hainan Regulatory Bureau of the China Securities Regulatory Commission, Provincial Local Financial Regulatory Bureau, Hainan Branch of the State Administration of Foreign Exchange)

76. Fully implement macro-prudential management of cross-border financing of all calibers, and fully include cross-border financing funds of financial institutions and non-financial enterprises in Hainan Free Trade Port, and overseas lending funds of non-financial enterprises into macro-prudential management. (Responsible units: Haikou Central Sub-branch of the People's Bank of China, Hainan Branch of the State Administration of Foreign Exchange)

77. Improve the information monitoring and management system for capital flow. Continue to expand the scope of capital flow data collection, realize "connecting domestic and foreign currencies, taking into account both onshore and offshore, and unifying large and small amounts", and at the same time increase data links with market supervision, judicial, taxation, customs and other departments. Make full use of big data technology to improve various capital transaction models and enhance the effectiveness of capital transaction monitoring. Continue to upgrade the security protection system and do a good job in the security protection of capital flow data. Promote data governance and strictly manage data use authorization. (Responsible units: Haikou Central Sub-branch of the People's Bank of China, Hainan Branch of the State Administration of Foreign Exchange, Provincial Big Data Administration, Provincial Taxation Bureau, Haikou Customs)

78. Improve the anti-money laundering, anti-terrorist financing and anti-tax evasion system and working mechanism, give full play to the role of money laundering risk assessment mechanism, and regularly assess money laundering and terrorist financing risks. (Responsible units: Haikou Central Sub-branch of the People's Bank of China, Provincial High Court, Provincial Public Security Department, Provincial Local Financial Regulatory Bureau, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Hainan Regulatory Bureau of the China Securities Regulatory Commission, Provincial Taxation Bureau)

79. Give full play to the role of the local coordination mechanism of the Financial Committee Office (Hainan Province) and strengthen financial regulatory coordination. Smooth the information sharing channels such as industry regulatory data, regulatory reports, major industry events, industry operation and risk conditions, and industry regulatory measures. Cooperate with the Financial Stability and Development Committee of the State Council to consolidate the local responsibilities of local governments at all levels, the regulatory responsibilities of regulatory departments, and the main responsibilities of financial institutions. Strengthen assessment and early warning and risk monitoring, actively adopt rating, evaluation, risk warning, early correction and other measures, urge financial institutions to comply with laws and regulations, operate prudently, and effectively prevent and resolve financial risks. (Responsible units: People's Bank of China Haikou Central Sub-branch, CBIRC Hainan Regulatory Bureau, CSRC Hainan Regulatory Bureau, SAFE Hainan Branch, Provincial Local Financial Regulatory Bureau, Provincial Development and Reform Commission, Provincial Department of Finance)

80. Establish and improve the local government financial risk management mechanism, and assume the local responsibility for financial risk management and the primary responsibility for maintaining stability and dealing with emergencies in accordance with the unified rules of the central government. In response to major financial risks of local legal entities, local governments will take the lead in organizing relevant departments to formulate risk mitigation and disposal plans, and actively promote their implementation to maintain local financial stability. Establish and improve the local financial risk management system of provinces, cities, counties and key parks, accelerate the construction of a monitoring and early warning platform and regulatory mechanism for combating illegal financial activities, improve the list of rights and responsibilities, and gradually promote the realization of hierarchical supervision. (Responsible units: Provincial Local Financial Regulatory Bureau, Hainan Regulatory Bureau of CBIRC, Hainan Regulatory Bureau of CSRC, Haikou Central Branch of the People's Bank of China, Provincial Development and Reform Commission, Provincial Department of Finance, Provincial Public Security Department, Provincial Procuratorate, Provincial High Court)

81. Strengthen the identification, monitoring and assessment of systemic financial risks, maintain the bottom line of no systemic financial risks, and supervise financial holding companies and systemically important financial institutions in accordance with laws and regulations. (Responsible units: Haikou Central Branch of the People's Bank of China, Hainan Regulatory Bureau of CBIRC, Hainan Regulatory Bureau of CSRC, Provincial Local Financial Regulatory Bureau)

(32) Support the establishment of professional financial and bankruptcy trial institutions.

82. Support the establishment of professional financial and bankruptcy trial institutions, learn from international financial judicial rules and governance experience, concentrate on hearing Hainan's financial and bankruptcy cases, improve the internationalization and professionalization of financial and bankruptcy cases, and provide better and more efficient judicial protection for the parties. (Responsible units: Provincial High Court, Provincial Local Financial Regulatory Bureau, People's Bank of China Haikou Central Sub-branch, CBIRC Hainan Regulatory Bureau, CSRC Hainan Regulatory Bureau, SAFE Hainan Branch)

(33) Strengthen the protection of financial consumer rights and interests.

83. Implement the "Opinions on Establishing a Multi-dimensional Dispute Resolution Mechanism for Financial Consumers", establish and improve a "one-stop" financial dispute resolution mechanism, promote the construction of mediation organizations according to local conditions, gradually expand the scope of mediation organization business, and continuously improve the service capacity and level of mediation organizations. Improve the litigation and mediation docking mechanism for financial disputes, and carry out non-litigation mediation of financial disputes through pre-litigation guidance and delegation, and in-litigation entrustment. Explore the establishment of a rapid judicial confirmation mechanism for financial dispute mediation agreements, enhance the legal effect of mediation agreements, efficiently resolve contradictions and disputes, and protect the legitimate rights and interests of financial consumers. (Responsible units: People's Bank of China Haikou Central Sub-branch, CBIRC Hainan Regulatory Bureau, CSRC Hainan Regulatory Bureau, Provincial Local Financial Regulatory Bureau, Provincial High Court)

84. Explore the implementation of a representative litigation system for securities disputes. Cooperate with the court system to carry out special representative litigation practice for securities disputes, further optimize the litigation mechanism and procedures of "implied joining and explicit withdrawal", guide small and medium-sized investors to make good use of the representative litigation system for securities disputes, and coordinate investor protection institutions to file lawsuits on behalf of investors. (Responsible units: Hainan Regulatory Bureau of the China Securities Regulatory Commission, Provincial High Court)

85. Financial management departments jointly promote the construction of financial education demonstration bases and investor education bases, actively carry out regular, positional and systematic publicity and popularization of financial knowledge, explore new models of financial education, give full play to the financial education role of rural financial service stations and financial night schools, do a good job in financial risk warning and effective prevention of financial risks. Actively promote the establishment and listing of national-level financial education demonstration bases, and unite all parties to create a "big finance" education base with the characteristics of Hainan Free Trade Port, covering banking, securities, futures, insurance and other aspects of financial knowledge. (Responsible units: People's Bank of China Haikou Central Sub-branch, Hainan Regulatory Bureau of the China Banking and Insurance Regulatory Commission, Hainan Regulatory Bureau of the China Securities Regulatory Commission, Provincial Local Financial Regulatory Bureau)

VII. Supporting measures

86. Optimize the real economy environment. Focusing on the strategic positioning of "three zones and one center", we will accelerate the development of the real economy, support the development of characteristic industries, enrich and strengthen market entities, and enhance the ability to undertake financial policies. We will improve supporting policies for industrial development, enhance the coordination and cooperation of fiscal, development and reform, ecological, environmental protection and financial policies, and create a good supporting policy environment for finance to better serve the development of the real economy. (Responsible units: Provincial Local Financial Regulatory Bureau, Provincial Development and Reform Commission, Provincial Department of Industry and Information Technology, Provincial Department of Natural Resources and Planning, Provincial Department of Finance, Provincial Department of Ecology and Environment)

87. Optimize the financial industry environment. We will improve the provincial government's policy system to support the rapid development of the financial industry, improve supporting measures, and provide a good external environment for the rapid development of the financial industry. (Responsible units: Provincial Local Financial Regulatory Bureau, Provincial Development and Reform Commission, Provincial Department of Finance)

88. Optimize the credit environment. We will improve the working mechanism for the construction of the credit system, improve the credit regulations of Hainan Free Trade Port, and accelerate the legislation of the "Hainan Free Trade Port Social Credit Regulations". We will improve the incentives for keeping trust and the punishment measures for breaking trust, enrich the application scenarios for keeping trust, and strengthen the joint punishment for breaking trust. (Responsible units: Provincial Development and Reform Commission, People's Bank of China Haikou Central Branch)

89. Optimize the rule of law environment. Give full play to the guidance and regulation of the financial market by the function of financial judicial trials, and ensure the standardized operation of the financial market in accordance with the law. In line with international financial dispute resolution rules, fully protect the legitimate rights and interests of relevant market entities in financial disputes, and provide legal protection for the financial opening and innovation of Hainan Free Trade Port. (Responsible departments: Provincial High Court, Provincial Department of Justice)