Free Trial

MNI BRIEF: China Eases Capital Account Rules For Hainan's Port


China is currently conducting looser capital account trials in the Hainan Free Trade Port granting greater freedom over capital flows for companies and individuals, according to a document issued by People's Bank of China and three other government agencies Friday.

Qualified Foreign Limited Partners (QFLP) in the free trade port can, under certain conditions, move money freely in and out of the country, with the registration process also being streamlined, the release said. Foreigners working in Hainan Free Trade Port are allowed to make various investments in China, including in securities.

The document added that it would encourage foreign banks to open branches in Hainan, set up joint ventures or invest in Hainan-based banks as strategic investors.

MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.