PUT, China, December 29, 2023 /PRNewswire/ — Recently, at the 3rd Sanya International Wealth Management Summit, held at Hainan Free Trade Port in ChinaSanya Central Business District – Pilot Zone of Financial Expansion and Opening Up (the Modern Financial Industry Cluster) was officially opened.
According to the Sanya CBD, it is the only financial expansion and opening-up pilot zone of Hainan Free Trade Port and the only approved modern financial industry cluster. It aims to implement the development ideas of cross-border finance and modern finance, undertake high-level opening-up pilot policies, facilitate the growth of sectors such as cross-border insurance, asset management cross-border, the QFLP and the QDLP.
The Sanya International Wealth Management Summit, a key event focused on the Sanya CBD, attracted more than 100 representatives from China the political, academic and business sectors, discussed in depth the opportunities and practical paths of financing science and innovation, consumer credit, wealth management, pension financing and insurance cross-border.
As a crucial growth pole in the construction of the Hainan Free Trade Port, Sanya City has implemented supportive incentives to boost the development of the financial sector in recent years, enjoying sustained and steady progress. In this process, the Sanya central business district has made obvious achievements such as the establishment and operation of the Hainan International Clearing House, the Hainan International Commodity Exchange, the Hainan International Carbon Emissions Trading Center and the Sanya International Asset Exchange. The CBD has also attracted nearly 200 international venture capital institutions and private equity fund management companies, including Sequoia China, Hillhouse Capital and IDG. In addition, that of Hainan first fund S and that of Hainan the first commodity trade clearing activities were launched in the district, and that of Hainan the initial listing and SPAC merger were successfully completed. Notably, the QFLP pilot project in the district exceeded 6 billion dollarsand the overseas investment activities of QDLP pilot enterprises were successfully launched.
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SOURCE CBD Square
