According to the overall plan, individuals can open free trade accounts in the free trade zone, and individuals outside the zone can also open free trade accounts. As long as the relevant supporting rules are issued, individuals can invest in overseas capital markets such as Hong Kong stocks and US stocks through free trade accounts.
Moreover, the personal cross-border investment business explored in the free trade zone has two characteristics: one is two-way, that is, domestic investors can invest and foreign investors can also invest; The second is diversification, including both industrial investment and securities and futures investment. No, Tianjin Free Trade Zone will be listed soon, and foreign financial leasing companies will accelerate their gathering. It is generally believed in the industry that financial leasing may become a new blue ocean for investment in Tianjin Free Trade Zone.
It seems that with the FTZ policy becoming clearer, ordinary people will be able to obtain more financial products that are in line with international standards, more overseas investment opportunities and better investment and financial services. At the same time, as more foreign banks enter the FTZ to compete with local banks, people can have more financial choices.
What is a free trade account?
Residents and financial institutions in the experimental area will be able to set up free trade accounts in local and foreign currencies and freely exchange RMB in these accounts. In principle, all identified accounts in the free trade zone will be regarded as "overseas funds"; The People's Bank of China and other relevant departments will monitor the capital flow of identified accounts through the sub-account accounting system to prevent the inflow of hot money. Considering that some enterprises have domestic accounts in the free trade zone, it is not excluded that the central bank will set a transition period. During this transition period, the funds in the marked account will be divided into overseas funds and domestic funds according to the specific business and capital turnover direction.
Funds between resident free trade accounts and overseas accounts, non-resident accounts outside the domestic area, non-resident free trade accounts and other resident free trade accounts can be freely transferred; Funds can be transferred between the resident free trade account of the same non-financial institution and other bank settlement accounts for cross-border transactions such as regular business, loan repayment and industrial investment. The capital flow between residents' free trade accounts and bank settlement accounts outside the domestic area is regarded as cross-border business management.