China News Service, Beijing, March 10 (Liu Yueqing and Zeng Yue) This year marks the fifth anniversary of the public release of the "Guangdong-Hong Kong-Macao Greater Bay Area Development Plan".

In the past five years, the Greater Bay Area has promoted the construction of rapid transportation networks, gradually improved infrastructure interconnection, and continued efforts at the policy level, laying the foundation for the "soft connection" of rules and systems.

  How can Guangdong, Hong Kong and Macao turn "system differences" into "system advantages"?

The answer lies in deepening the connection of rules and mechanisms.

Lin Xiaohui, member of the National Committee of the Chinese People's Political Consultative Conference in Hong Kong and chairman of the board of directors of Realord Group Holdings Co., Ltd., said that efforts should be made to connect financial markets, optimize the business environment, and improve people's livelihood and employment.

  In recent years, "Shenzhen-Hong Kong Stock Connect", "Southbound Bond Stock Connect", "Cross-border Financial Management Connect" and interest rate "Swap Connect" have been implemented in the Greater Bay Area, accelerating the development of regional financial integration.

On November 28, 2023, the main line of the Shenzhen-Zhongshan Corridor of the Guangdong-Hong Kong-Macao Greater Bay Area Super Project was fully completed.

The picture shows the Lingdingyang Bridge in the Shenzhen-Zhongshan Channel.

(Drone photo) Photo by China News Service reporter Chen Jimin

  "With better capital circulation, the market will be more connected." Chen Zhenying, a representative of the National People's Congress and a member of the Hong Kong SAR Legislative Council, told China News Service reporters that the above measures have improved the efficiency and integration of the financial market in the Greater Bay Area.

  Ye Zhaojia, a member of the National Committee of the Chinese People's Political Consultative Conference and Vice President of Bank of China Macau Branch, pointed out that attention should be paid to regional financial regulatory coordination, and the Hengqin Guangdong-Macao Deep Cooperation Zone can be used as a test field to explore convergence regulatory systems, and make innovative attempts while managing and controlling risks.

  At the end of last year, the "Three-Year Action Plan for Building a World-Class Business Environment in the Guangdong-Hong Kong-Macao Greater Bay Area" was released, providing a "construction drawing" and "timetable" for creating a market-oriented, legal and international business environment in the Greater Bay Area.

  "The rule of law is an important guarantee for the construction of the Greater Bay Area." Qiu Tingbiao, a member of the National Committee of the Chinese People's Political Consultative Conference and associate professor at the University of Macau Law School, believes that in order to create a good business environment, it is imperative to improve diversified commercial dispute resolution mechanisms such as international commercial trial, arbitration, and mediation.

He suggested that the three places sign an agreement on judicial assistance in civil and commercial matters to promote coordination of relevant laws and regulations.

  In February this year, the second batch of common implementation standards for the Guangdong-Hong Kong-Macao Greater Bay Area was announced, adding 7 fields and 73 standards to the first batch of 25 fields and 110 standards.

On November 22, 2023, a special job fair for talents in the Guangdong-Hong Kong-Macao Greater Bay Area was held at the Shenzhen International Convention and Exhibition Center. 1,200 companies provided a total of nearly 50,000 high-quality positions.

Photo by China News Service reporter Chen Wen

  "As various standards are connected to China Unicom, more and more young friends around me are optimistic about the development prospects of the Greater Bay Area and have started businesses and jobs in Guangdong cities such as Shenzhen." Hong Kong Member of the National Committee of the Chinese People's Political Consultative Conference and Director of Qixing Industrial (Group) Co., Ltd. Chief Cai Rongxing said so.

  In terms of mutual recognition of qualifications, Yan Jianguo, member of the National Committee of the Chinese People's Political Consultative Conference in Hong Kong and chairman of China Overseas Group, introduced that since Hengqin released the qualification recognition regulations for Hong Kong and Macao enterprises and personnel in the construction field in 2019, registration for practicing in Hengqin, Qianhai, Nansha and other cities has The number of professionals from Hong Kong and Macao continues to increase, and “everyone is more motivated to participate in the construction of the Greater Bay Area and integrate into the life of the Greater Bay Area.”

  In addition, the "Hong Kong and Macao Medical and Device Access" policy has now been extended to 19 designated medical institutions in Guangzhou, Zhuhai, Zhongshan and other places.

  "The development of medical integration can improve the overall medical service level in the Greater Bay Area." Lin Shunchao, a representative of the National People's Congress and chairman of Hong Kong Xima Eye Group, suggested strengthening the exchange of medical resources, promoting the integrated development of medical services in the Greater Bay Area, and providing residents with cross-border medical treatment and medication. Provide more convenience and allow "soft connection" to further promote "heart-to-heart harmony".

(over)