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FT Account of Industrial Bank Haikou Branch launched

On April 3, the Hainan Free Trade Account (FT account) of the Industrial Bank Haikou Branch was officially put into operation. Since the official launch of the Hainan FT account system on January 1 this year, following the FT account of the Bank of China Hainan Branch, Shanghai Pudong Development Bank Haikou Branch, Industrial and Commercial Bank of China Hainan Branch, and China Everbright Bank Haikou Branch, the operation of Hainan FT Account has added a new member.

Industrial Bank's FT account has been fully applied to various products such as deposits, financing, settlement, and derivatives. It has characteristics such as a low financing rate, can be sold at an offshore price, easy to transfer funds, one account for local and foreign currency and high efficiency. It also has three major advantages which are personalized financial service model, specialized foreign exchange hedging products and maximize the value of asset investment.

Industrial Bank's FT account products can provide low-cost loans to provincial institutions, and support customers in cross-border business development, with long-term foreign exchange settlement, interest rate swaps and other products to effectively help customers avoid fluctuations in exchange rates and interest rates.

Shi Jing, general manager of the Transaction Banking Department of the Industrial Bank, said that the FT account can rely on special regional financial policies to achieve product innovation, allowing enterprises to enjoy interest rate marketization, financial product diversification, trade financing facilitation and other free trade zone policies.

Responsible editor: 石一涵
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