The China Banking and Insurance Regulatory Commission held a symposium in Haikou with foreign-funded financial institutions as the Hainan Free Trade Port entered its final month of preparations for island-wide customs closure, gathering views on firms’ operations and development plans and discussing how foreign institutions can better support the Free Trade Port’s development. Chaired by Li Yunze and attended by Hainan’s provincial leadership, the discussion focused on foreign institutions leveraging their global networks and expertise while maintaining clear market positioning, strengthening governance and focusing on core businesses. Priority areas highlighted included wealth management, pension finance, green and low-carbon finance and cross-border services, alongside encouraging institutions to help attract international companies and specialist talent to Hainan. The regulator also signalled support for a market-oriented, rules-based and internationalised business environment and for additional financial reform and opening-up measures to be piloted in Hainan.

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