China News Agency, Hong Kong, February 23. The People's Bank of China, together with the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Guangdong Provincial People's Government, jointly issued the "About Financial Support for Qianhai, Shenzhen and Hong Kong Modern Service Industry" on the 23rd. The Opinions on Comprehensively Deepening Reform and Opening-up in the Cooperation Zone ("Opinions") has launched a series of financial reform and innovation measures to provide solid financial support for Qianhai to build a cooperation platform in the Guangdong-Hong Kong-Macao Greater Bay Area.
The Hong Kong SAR government welcomed this and thanked the central government for its continued support for Hong Kong's integration into the country's financial reform and opening-up pattern.
It is reported that the "Opinions" proposed 30 financial reform and innovation measures, covering people's livelihood finance, financial market interconnection, modern financial industry development, promotion of cross-border trade and investment and financing facilitation, and strengthening financial regulatory cooperation.
The Chief Executive of the Hong Kong Special Administrative Region, Li Jiachao, said that the Qianhai Cooperation Zone has always insisted on "relying on Hong Kong, serving the mainland, and facing the world". It is one of the important cooperation and development platforms in the Guangdong-Hong Kong-Macao Greater Bay Area.
Hong Kong will take the Guangdong-Hong Kong-Macao Greater Bay Area and the Qianhai Cooperation Zone as entry points into the overall national development, further enhance high-level cooperation with Guangdong Province and Shenzhen, promote the high-quality development of the Greater Bay Area, and jointly achieve a new leap forward.
Chen Maobo, Financial Secretary of the Special Administrative Region Government, said that under the unique advantages of "one country, two systems" and with the solid support of the country, Hong Kong is actively expanding and deepening the interconnection with the mainland's financial market, helping the mainland to deepen the reform of the financial market and guiding the financial sector to serve the real economy High-quality development, and steady and prudent promotion of RMB internationalization.
The "Opinions" will strengthen the docking and high-level cooperation between Hong Kong and Shenzhen's financial markets, promote the opening up and innovation of the country's financial industry, further play the role of Hong Kong as an international financial center, and create more opportunities for Hong Kong's financial industry, enterprises and professional services.
He sincerely thanked the relevant central ministries and commissions and the Guangdong Provincial People's Government for their support.
Xu Zhengyu, Secretary for Financial Affairs and the Treasury of the Special Administrative Region Government, said that the country's financial reform has brought huge opportunities to Hong Kong's financial industry.
The SAR government and various financial regulatory agencies will continue to maintain close contact with relevant central ministries and commissions to jointly promote various policies and measures in the "Opinions" to enhance the level of financial cooperation between Shenzhen and Hong Kong.
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