Sanya hosts 1st intl wealth management summit

The First International Wealth Management Summit of Sanya kicks off on Oct 30. [Photo/Sanya Daily]

The First International Wealth Management Summit of Sanya kicked off in Sanya CBD on Oct 30, inviting industry leaders, experts and scholars in financial fields to discuss the development of the wealth management industry in the context of the HainanFTP. The Sanya Economic Research Institute was established at the summit. 

The institute will focus on financial services, international trade and the marine economy to carry out strategic and forward-looking research, and create a theoretical innovation policy research platform, a resource-aggregated investment promotion platform, a strategically advanced high-level talent training platform, and an open-minded international exchange platform. It will provide high-quality intellectual services for the economic innovation and development of the Hainan FTP.

As an important window for Hainan's opening-up and the forefront of the construction of the Hainan FTP, Sanya has seized the opportunity of deepening the reform of the financial sector and has vigorously developed the modern financial industry. As of the end of September, the total number of various financial institutions in the city has exceeded 1,000. In 2020, the city's financial industry has achieved an added value of 6.08 billion yuan ($950 million).

On top of that, nine QDLP (Qualified Domestic Limited Partners) pilot companies signed contracts to settle in the Sanya Central Business District, becoming the first batch of QDLP companies to settle in the Hainan FTP.