According to Xinhua News Agency, on the 19th, the Hainan Supervision Bureau of the National Financial Supervisory Administration released the "Guiding Opinions on the Banking and Insurance Industry's Full Support for the Hainan Free Trade Port's Closure Operations," fully granting national treatment to foreign-funded Banks and Insurance Institutions. It is reported that the purpose of the guiding opinions is to promote the free and convenient flow of KUAJINGZIJIN, create innovative achievements in the financial sector, and assist Hainan Free Trade Port in closing operations on schedule by the end of 2025. According to the guiding opinions, Hainan will explore aligning with high standards of international trade and economic rules in the financial field. Support domestic Banks and Insurance Institutions in Hainan Free Trade Port to explore new financial services, fully granting national treatment to foreign-funded Banks and Insurance Institutions, allowing them to engage in similar new financial services, and clarifying the types, nature, licensing requirements, and licensing procedures of Institutions conducting new financial services within the jurisdiction of the Hainan Supervision Bureau. Facilitate financial services for foreign personnel.