发布时间：2019-02-27 14:12:00 | 来源：中国网 | 责任编辑：蔡彬
Hainan Free Trade Account
Hi! Welcome to “About China”! In today’s program, we will talk about “Hainan free trade account”.
The Hainan free trade account system was officially put into operation by some financial institutions in Hainan province on January 1, 2019.
The Hainan free trade account system dispenses with the earlier requirement of maintaining two accounts, one for domestic transactions and the other for international transactions, replacing them with a unified domestic and foreign currency account with the renminbi as the base currency.
Hainan free trade account refers to the local and foreign currency accounts opened by Hainan financial institutions according to the requirements of customers in the accounting unit.
It is a convertible accounting system and important financial infrastructure of Hainan Pilot Free Trade Zone with renminbi as its base currency, using unified accounting rules and taking into account types of different risk management between the renminbi and foreign currencies.
The Hainan free trade account system allows market entities to conveniently carry out investment, financing, and cross-border transactions applicable to the Hainan free trade zone.
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