AsianFin -- China's Hainan Free Trade Port (FTP) is set to launch a pilot program on August 21 this year, enabling overseas investors to access domestic financial products offered by local financial institutions.
Eligible products will include wealth management products, private asset management products from securities, fund, and futures operators, publicly offered securities investment funds, and insurance asset management products.
The program aims to diversify cross-border financial product offerings and explore new channels for overseas investors to access China's domestic market, according to an official with the Hainan branch of the People's Bank of China, one of the co-formulators of the rules.
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