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Hainan Free Trade Port House Purchase Policy
Legal analysis: On April 9, the central bank and other four departments issued the Opinions on Financial Support for Hainan's Comprehensive Deepening of Reform and Opening-up, proposing 33 specific measures in six aspects, including "allowing eligible non-local residents to purchase real estate in Hainan Free Trade Port according to the principle of actual needs". The Opinions put forward 33 specific measures from six aspects: improving the convertibility level of RMB, supporting the liberalization and facilitation of cross-border trade and investment, improving Hainan's financial market system, expanding the opening up of Hainan's financial industry, strengthening the innovation of financial products and services, improving the level of financial services, and strengthening financial supervision to prevent and resolve financial risks. "Allow non-residents to buy houses in Hainan Free Trade Port" is written in the section of supporting the liberalization and facilitation of cross-border trade and investment. Specifically, in the article exploring the relaxation of individual cross-border trading policy, the first sentence is "supporting overseas individuals employed in Hainan Free Trade Port to carry out various domestic investments including securities investment", and the second sentence is "providing convenient exchange for qualified non-residents to buy houses".

Legal basis: According to Article 9 of the Opinions of the People's Bank of China, the Insurance Regulatory Commission of the Bank of China, the Securities Regulatory Commission of China and the State Administration of Foreign Exchange on Financial Support for Hainan's Comprehensive Deepening of Reform and Opening-up, explore and relax the individual cross-border trading policy. Support overseas individuals employed in Hainan Free Trade Port to carry out various domestic investments including securities investment. Eligible non-residents are allowed to buy real estate in Hainan Free Trade Port according to the principle of actual needs, and eligible non-residents are given exchange convenience for buying houses. Study to further facilitate the personal use of foreign exchange by Hainan residents.