China News Service, Haikou, September 3 (Reporter Wang Ziqian) The reporter learned from the press conference of the eighth batch of institutional innovation cases in Hainan Free Trade Port on the 3rd that Hainan relies on the newly established foreign equity investment company and uses multifunctional free trade accounts to invest Facilitate financing and exchange, expand the opening of the financial market and prevent financial risks and other important institutional arrangements, open up facilitation channels for foreign equity investment, and provide useful exploration for the free trade port to efficiently attract foreign capital.
It is understood that this innovation is that Hainan follows the principle of free trade account funds transfer, uses free trade accounts to open up foreign equity investment companies' domestic and foreign capital investment channels, and straighten out the capital injection, foreign exchange settlement and second-line transfer of overseas investment funds from overseas-Hainan-domestic (Cross-island investment) path to establish facilitation services for foreign equity investment enterprises based on the FT account split accounting unit.
At the same time, it has the advantages of applying CNH offshore quotes, choosing the time of exchange settlement, and locking in exchange rate costs instantly.
Compared with the QFLP (Qualified Foreign Limited Partnership) policies of other provinces and cities, this model is more conducive to attracting foreign investors and funds of various scales.
On this basis, Hainan provides more competitive foreign exchange settlement and sales quotations and deposit and loan interest rates, and provides convenient operation of processes and documents, which greatly shortens the time for customers to enter the account, facilitates the procedures for foreign exchange settlement, optimizes the exchange rate of foreign exchange, and locks in exchange rate costs in advance .
Tan Ping, Member of the Standing Committee of the Sanya Municipal Party Committee and Deputy Mayor, introduced that this move opens up a new model of foreign equity investment business, which is in line with the industrial transformation of the free trade port and the strategic positioning of "three zones and one center", further enhancing market confidence and giving full play to the financial industry’s high-tech industries The promotion effect.
Up to now, Sanya City has attracted 4 foreign equity investment companies to register.
At the regulatory level, Hainan, based on the functions of the free trade account split accounting unit system, realizes the full-process, penetrating, and innovative risk management of foreign equity investment business, conducts continuous and cross-regional monitoring of all counterparties, and integrates supervision throughout Throughout the entire innovative business, we have strengthened the risk management and control of foreign equity investment business.
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