Major Efforts by China’s Sanya CBD in Modern Financial Industry

SANYA, China, Dec 29 (Bernama-AsiaNet) — Recently, at the 3rd Sanya International Wealth Management Summit held at the Hainan Free Trade Port in China, the Sanya Central Business District – Financial Expansion and Opening-up Pilot Zone (the Modern Financial Industry Cluster) was officially unveiled.

According to the Sanya CBD, this is the Hainan Free Trade Port’s only financial expansion and opening-up pilot zone and the only approved modern financial industry cluster. It aims to implement the cross-border finance and modern finance development ideas, undertake high-level opening up pilot policies, facilitate the growth of industries such as cross-border insurance, cross-border asset management, QFLP and QDLP.

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