As the South China Sea surges and openness sets sail, 2025 marks a crucial milestone for the Hainan Free Trade Port, marking the island's full customs closure. On this vibrant land, Postal Savings Bank of China (PSBC) is deeply integrated into the regional development process, actively responding to local policy guidance and market demands through professional, innovative, and open financial services. From facilitating cross-border trade to supporting tourism consumption upgrades, from supporting the growth of science and technology enterprises to promoting industrial openness and integration, PSBC, with its diversified financial products and services, fully demonstrates the responsibility and commitment of a large state-owned bank in the construction of the Free Trade Port, becoming a backbone force in promoting Hainan's high-quality development.
Cross-border trade is a crucial engine for the development of the Hainan Free Trade Port. Relying on the head office's cross-border financial service platform, Postal Savings Bank of China's Hainan Branch fully leverages the head office's differentiated credit policies and the various innovative preferential policies of the Free Trade Port to provide personalized combined services for cross-border business clients. Simultaneously, it accelerates the construction and acceptance of multi-functional free trade accounts to enhance the level of cross-border financial services, and has been approved as a pilot bank for high-level opening-up of cross-border trade in Hainan Province and Yangpu District.
These measures help enterprises improve the efficiency of capital utilization and reduce transaction costs, providing solid financial support for Hainan to create a highly convenient cross-border trade environment, making "buying globally and selling globally" more convenient and efficient in Hainan.
Tourism is the "golden brand" of the Hainan Free Trade Port. By 2025, Hainan is projected to receive over 100 million tourists. But how to transform this "traffic" into "retention" and "passersby" into "regular visitors"? The Hainan Branch of Postal Savings Bank of China, in collaboration with multiple institutions, is building a "finance + consumption" ecosystem. On one hand, it has partnered with five major duty-free brands to launch exclusive discount promotions, allocating 21,000 discount slots to boost consumption. On the other hand, it has deployed smart POS machines supporting digital RMB, allowing tourists to enjoy "payment equals discount" simply by scanning a code.
On the path of high-quality development of Hainan's tourism industry, Postal Savings Bank of China has always used financial resources to activate consumption potential and make the "Sunny Hainan" brand shine even brighter.
"The funds from Postal Savings Bank were a timely help, enabling us to boldly invest in cutting-edge fields and respond to the technological needs of the Free Trade Port." The head of Hainan Zhongjian Cable, a specialized and innovative enterprise with 14 national patents, said, "The 45 million yuan in funding from Postal Savings Bank has helped us acquire multiple patented technologies, comprehensively upgrade our intelligent equipment, and directly increase our product capacity. Now our product orders are booked until next year."
High-tech industries are the "future industries" of the free trade port. However, for technology-based enterprises, "light assets, lack of collateral, and long R&D cycles" are major obstacles to financing. The innovative "small business collateralized loan" model is changing traditional thinking and developing personalized solutions. Not long ago, Zhongjian Cable stated that it will continue to increase the production capacity of its wire and cable products in the coming years to meet the growing demand in Hainan's high-tech sector. Building on its existing credit line of 45 million yuan, it will further deepen its cooperation with Postal Savings Bank of China and apply for more funds to invest in production line upgrades.
As we can see, Postal Savings Bank is putting its financial mission into practice by building a technology and financial services system to fully empower various innovative entities, drive industrial transformation, and enable miracles of "from 0 to 1" to continue to emerge in the Free Trade Zone.
