China Services Shine at CICPE: Hainan's Closed Port Fuels Global Trade

At the 6th CICPE, "China Services" took center stage: the APSC one-stop cross-border platform leverages AI to help SMEs expand globally at lower costs, while banks including China Construction Bank and Bank of China presented EF accounts—Hainan’s core financial infrastructure for the closed port—to accelerate cross-border fund flows, with a local biotech firm cutting payment cycles via EF accounts and a Hainan listed company securing $14 million in export financing; meanwhile, Fosun Tourism noted that Hainan’s optimized duty-free and visa policies drove a 175% year-on-year surge in overseas visitor numbers at its Atlantis Sanya resort in the first quarter of 2026.(Photo/VCG)

By Wang Xinyuan,Liu Guanyi(intern), Zhu Caiyun, Zhao Limei, Ren Mingchao, Liu Jiajia/China Youth Daily