Zhongxin Finance, June 14. China Government Network reported on the 14th that the State Council issued the "Overall Plan for Guangzhou Nansha to Deepen the Comprehensive Cooperation of Guangdong, Hong Kong and Macao for the World" (hereinafter referred to as the "Plan").
The "Plan" makes it clear that the interconnection of financial markets will be promoted in an orderly manner.
Support eligible Hong Kong and Macao investors to apply for the establishment of licensed financial institutions such as securities companies, futures companies, and fund companies in accordance with the law.
Actively support Nansha's participation in the establishment of the Guangdong-Hong Kong-Macao Greater Bay Area Insurance Service Center.
Support Nansha's pilot projects in cross-border motor vehicle insurance and cross-border commercial medical insurance, and promote the integrated development of the insurance markets of Guangdong, Hong Kong and Macao.
Support the development of innovative mobile payment applications.
Accelerate research and procedures to establish an international commercial bank in the Guangdong-Hong Kong-Macao Greater Bay Area in Nansha.
Support the promotion of foreign exchange management reform, explore and carry out pilot projects for overseas investment by qualified domestic limited partners (QDLP), and support institutions in Guangdong, Hong Kong and Macao to cooperate in establishing RMB overseas investment and loan funds.
Strengthen cooperation in financial supervision and improve risk monitoring, early warning, and resolution capabilities.
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