Authored by: Liu Xiaoping , Huang Jianxian and Xu Hebin
In 2021, the People’s Bank of China, the China Securities Regulatory Commission and the State Administration of Foreign Exchange jointly issued the Opinions on Providing Financial Support for the Comprehensive Deepening of Reform and Opening-up in Hainan, which proposed a pilot cross-border asset-management scheme that would allow overseas investors to invest in a broad range of asset-management products issued by financial institutions located in the Hainan Free Trade Port (the “Hainan FTP”).