What is a free trade account? What is the use of a free trade account? So far, my country has opened four free trade zones in Shanghai, Fujian, Guangzhou and Tianjin. Financial system innovation is an important mission for them. The State Council approved the "Overall Plan for China (Guangdong) Pilot Free Trade Zone", "Overall Plan for China (Tianjin) Pilot Free Trade Zone", and "Overall Plan for China (Fujian) Pilot Free Trade Zone". The overall plan for the free trade zone has been announced. The listing of the free trade zone has brought huge changes to the lives of people in the free trade zone. People's financial management has also changed a lot. According to the overall plan, individuals within the free trade zone can open free trade accounts, and individuals outside the zone can also open free trade accounts. As long as relevant supporting details are released, individuals can invest in Hong Kong stocks, U.S. stocks and other overseas capital markets through free trade accounts. Not only that, the personal cross-border investment business explored in the free trade zone also has two characteristics: first, it is two-way, that is, domestic investors can invest out, and foreign investors can also invest in; second, it is diversified, including both industrial investment and Investments in securities and futures. No, the Tianjin Free Trade Zone is about to be launched, and the gathering of foreign financial leasing companies has accelerated. The industry generally believes that financial leasing may become a new blue ocean for investment in the Tianjin Free Trade Zone. It seems that as the free trade zone policies become 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 free trade zone to compete with local banks, people will have more financial management options. What is a free trade account? Residents and financial institutions in the pilot zone will be able to set up free trade accounts in local and foreign currencies and conduct free exchange of RMB on these accounts. In principle, all marked 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 flow of funds in the marked accounts through the separate accounting system to prevent the inflow of hot money. Considering that some companies already have domestic accounts in the free trade zone, it is not ruled out that the central bank will set a transition period. During this transition period, the funds in the marked accounts will be divided into overseas funds and domestic funds based on the specific business and capital turnover flow. Funds can be transferred freely between residents' free trade accounts and overseas accounts, non-resident accounts within and outside the country, non-resident free trade accounts and other residents' free trade accounts; residents' free trade accounts of the same non-financial institution entity can be settled with other banks Fund transfers can be made between accounts for current account business, loan repayment, industrial investment and other cross-border transactions that meet regulations; fund flows between residents’ free trade accounts and bank settlement accounts within the territory and outside the area are deemed to be cross-border transactions. Environmental business management.