The People's Bank of China Haikou Central Branch and other departments issued the "Notice on the Guiding Opinions on Financial Support for Key Parks in Hainan Free Trade Port"

Recently, the People's Bank of China Haikou Branch, together with the Hainan Banking and Insurance Regulatory Bureau, Hainan Securities Regulatory Bureau, Hainan Branch of the State Administration of Foreign Exchange, Hainan Local Financial Supervision and Administration Bureau, Hainan State-owned Assets Supervision and Administration Commission, Hainan Development and Reform Commission, Hainan Finance Department, Hainan Natural Resources and Planning Department, Hainan Intellectual Property Office and other departments, jointly issued the "Guiding Opinions on Financial Support for Key Parks in Hainan Free Trade Port", which proposed 12 policy measures from four aspects: raising awareness, increasing financial policy support, optimizing the financial environment of key parks, and improving performance appraisal and incentive mechanisms, to promote financial support for the high-quality development of key parks in Hainan Free Trade Port and help build Hainan Free Trade Port.

●Encourage the provision of "one park, one policy" and "one enterprise, one policy" financial service solutions for key parks and local state-owned enterprises. Encourage qualified commercial banks to set up science and technology branches in key parks of free trade ports or transform existing branches into science and technology branches to enhance their service capabilities for market entities in the parks.

●Strive to attract the best financial customers in the country to Hainan. Increase "pioneer" credit investment to help consolidate the foundation for the construction of key parks in free trade ports. Insurance institutions are encouraged to innovate insurance products, focus on the development needs of key free trade port parks, and give full play to the role of the insurance industry in assisting social governance in the fields of safe production, public safety, medical disputes, new drug creation, pollution control, etc. in the parks.

● Increase the effective credit supply to key free trade port parks. The Hainan branch of large state-owned banks and Hainan Bank should strive to increase the credit growth rate of key free trade port parks in 2021 not lower than the growth rate of corporate loans of the bank.

● Increase direct financing support for key free trade port parks; guide local financial organizations to increase support for key parks; support the liberalization and facilitation of cross-border trade and investment in key free trade port parks.

● Encourage key free trade port parks to make good use of the government and social capital cooperation (PPP) model and guide social capital to actively participate in the construction of key free trade port parks. Set up Hainan Free Trade Port Construction Investment Fund, support each park to focus on industry positioning, create theme industry sub-funds, promote the formation of a "one park, one fund" development pattern, and actively guide social capital to support the construction of key free trade port parks.

●Optimize the credit environment of key parks in the free trade port, guide the operating companies of key parks in the free trade port, enterprises settled in the parks, and key state-owned enterprises under the provincial (municipal) government that participate in the construction of the parks to cooperate with domestic and foreign financial institutions and rating agencies, benchmark the mainstream domestic and international credit rating standards, and improve credit ratings in a targeted manner. Strengthen the sharing and application of public credit information data in Hainan Province, support market-oriented credit reporting agencies to obtain government public credit information in accordance with laws and regulations, and develop credit reporting products suitable for key parks in Hainan Free Trade Port.

●Improve the financing environment of the industrial chain and supply chain in key parks in the free trade port. All banking and financial institutions should fully rely on the accounts receivable financing service platform of the People's Bank of China Credit Information Center and the unified registration and publicity system for movable property financing to handle accounts receivable pledges, government procurement supply chain financing, order financing, warehouse receipt financing and other movable property and rights guarantee pledge financing for enterprises in key parks. Strengthen the evaluation, registration, custody and circulation services of intellectual property rights, explore the establishment of green channels for rapid review, rapid authorization and rapid protection of intellectual property rights in key parks, and support financial institutions to innovate financing products around intellectual property rights.

●Encourage enterprises in key parks in the free trade port to actively create conditions conducive to financing. Local state-owned enterprises that undertake and participate in the operation and construction of key parks in the free trade port should take the initiative to "platformize" and establish a financing model based on market-oriented financing. Deepen government-finance cooperation, support financial institutions to participate in the establishment, issuance and later project financing of special bond projects, and avoid the crowding-out effect of fiscal funds on social capital and credit funds.

● Establish a long-term mechanism of "dare to lend, willing to lend, and able to lend", and include the support for key parks in the free trade port in the internal assessment of financial institutions.

● Explore the establishment of a financial advisory mechanism for key parks in the free trade port and a docking mechanism for financial institutions in the province to serve key parks in the free trade port, further smooth the communication channels between finance and key parks in the free trade port, timely publicize and interpret financial policies, and help key parks in the free trade port coordinate and solve the financial problems they face.