In the News: Hainan Offers QFII Alternative; Southeast Asia Manufacturing Pivot Questioned; and China Freezes US Investments

Hainan launches pilot program expanding financial products access to foreigners; Chinese companies reconsider pivot to Southeast Asia as region targeted by U.S. tariffs; and Chinese regulator puts U.S. outbound investments on hold.

By Krista Lee

Hainan Trials New Cross-Border Asset Management Scheme

Hainanese regulators will launch a pilot program permitting overseas investors in the Hainan Free Trade Port (FTP) to invest in domestic financial products, according to the Hainan government’s official portal.

Last month, Hainanese branches of key financial regulators jointly released the Implementing Rules for the Pilot Cross-Border Asset Management Project Business (海南自由贸易港跨境资产管理试点业务实施细则), which will take effect August 21.

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