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Hainan Free Trade Port Cross-Border Asset Management Pilot Expands to 10 Institutions, Huatai Securities First Brokerage Sales
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The Hainan Free Trade Port's cross-border asset management pilot program has expanded, with the number of approved institutions reaching 10. According to the Hainan Securities Regulatory Bureau, Huatai Securities' Haikou Guoxing Avenue securities business branch completed its filing on September 23, becoming the first securities sales institution in the pilot. The 10 institutions include 4 issuers: Jinyuan Securities, Wanhe Securities, Huibaichuan Fund, and Peng'an Fund; and 6 sales institutions: Huatai Securities, and five banks including the Haikou branches of China Merchants Bank, CITIC Bank, China Minsheng Bank, Industrial Bank, and Shanghai Pudong Development Bank. The report notes that bank-type institutions have been entering the pilot since its launch, with China Merchants Bank Haikou Branch and CITIC Bank Haikou Branch completing filings in December 2025 and April 2026, respectively. The article is attributed to Caixin reporter Lin Jian.
Source report
According to the official website of the Hainan Securities Regulatory Bureau, the Huatai Securities Guoxing Avenue Securities Business Department in Haikou has completed its filing for participation in the Hainan Free Trade Port Cross-Border Asset Management Pilot Program. The filing was completed on September 23, making it the first securities sales institution to join the pilot.
To date, the number of pilot institutions that have completed filing has increased to 10, including:
- Issuing institutions (4):
- Jinyuan Securities (securities firm)
- Wanhe Securities (securities firm)
- Huibaichuan Fund (fund management company)
- Peng'an Fund (fund management company)
- Sales institutions (6):
- Huatai Securities (the only securities firm among sales institutions)
- Industrial Bank Haikou Branch
- SPD Bank Haikou Branch
- China Merchants Bank Haikou Branch
- China CITIC Bank Haikou Branch
- China Minsheng Bank Haikou Branch
In terms of filing progress, banking institutions have gradually entered the pilot since its launch. China Merchants Bank Haikou Branch and China CITIC Bank Haikou Branch completed their filings in December 2025 and April 2026, respectively. (Reported by Caixin journalist Lin Jian)
Source
财联社Eastern
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Hainan Free Trade Port Cross-Border Asset Management Pilot Expands to 10 Institutions, Adds First Securities Sales Firm