Economic Watch: China implements higher-level financial opening-up policies in Hainan

NAMPA / Xinhua

2025-11-15

HAIKOU, Nov. 15 (Xinhua) -- Recently, Sunrise Fuel (Hainan) Co., Ltd. completed a cross-border transaction settlement with an overseas client through its EF account in less than two hours in south China's Hainan Province. It is a speed that would have been unimaginable in the past. "With the EF account, we can handle cross-border settlements entirely online through a one-stop process," said Chen Qiuyi, financial director of Sunrise Fuel (Haina......

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