A message was posted in the website of the Central Bank that People's Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and the Administration of Foreign Exchange issued Opinions about Financial Support for the Construction of Guangdong-Hong Kong-Macao Greater Bay Area lately.
26 concrete measures were presented from the aspect of promoting cross-border trade and investment and financing facilitation of GBA, enlarging opening-up of the financial industry, promoting interconnection of financial market and financial infrastructure, enhancing financial service innovation level of GBA and practically preventing cross-border financial risk. Meanwhile, It was pointed out to fully exploit platform functions of Guangzhou Carbon Emission Exchange and build an environmental rights and interests transaction and financial service platform of GBA.
When interviewed by reporter from Southern Metropolis Daily, Secretary of Party Committee and vice president of Liby Group Xu Xiaodong said, Opinions about Financial Support for the Construction of Guangdong-Hong Kong-Macao Greater Bay Area was highly reliable, which developed a series of feasible financial policies and plans to effectively promote and invigorate the development of GBA. Especially in the tense situation this year, financial support is urgently needed by all walks of life.
“For Liby Group long rooted in the real economic field, Opinions about Financial Support for the Construction of Guangdong-Hong Kong-Macao Greater Bay Area shored up the confidence in development. The first article of general of Development Planning Outline of Guangdong-Hong Kong-Macao Greater Bay Area was “persist in serving the real economy” and the goal of finance is to serve the real economy, which can solve difficulties in investment and financing and other problems existing in the development process, greatly optimize financial resources of industrial entities of GBA and facilitate with the development of industrial entities.” Xu Xiaodong further pointed out.
In addition, Opinions about Financial Support for the Construction of Guangdong-Hong Kong-Macao Greater Bay Area greatly promoted global business expansion of enterprises in GBA. For instance, some enterprises face the difficulties in cross-border investment, financing, payment and settlement and risk guarantee while expanding the overseas market, for which concrete measures were proposed in the outline. These measures integrated financial resource superiorities of Guangdong, Hong Kong and Macao, enabled enterprises to expand cross-border business, enhanced influence of overseas brands and played a critical role in enterprise development.
Originated from Southern Metropolis Daily
