Author: Zhang Feng
After Hainan's customs closure, the RMB held within its borders has not changed its fundamental attribute as domestic RMB. However, within the EF account system, it has been given convenient functions highly similar to offshore RMB.Therefore, it can be summarized as "overall onshore, account-like offshore"..
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It is essential to first clarify a fundamental positioning: the Hainan Free Trade Port is a special area under the supervision of Chinese customs.
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