Southern Finance All-Media Reporter Weng Rongtao Hengqin Report On December 1, the first China (Macao) International High-Quality Consumption Expo and Hengqin World Bay Area Forum Financial Sub-Forum hosted by the first all-media group in the country, the Central Committee approv

Southern Finance All-Media Reporter Weng Rongtao Hengqin Report

On December 1, the first China (Macao) International High-Quality Consumption Expo and Hengqin World Bay Area Forum Financial Sub-Forum hosted by the first all-media group in the country, Southern Finance All-Media Group , hosted by the first all-media group in the country, hosted by Southern Finance All-Media Group , hosted in Hengqin, officially opening in Hengqin, inviting important guests from government departments, academic circles, financial circles and other fields to discuss the development path of Bay Area finance.

On September 17, 2021, Hengqin Guangdong-Macao Deep Cooperation Zone was officially unveiled. In the past year, with the joint efforts of Guangdong and Macao, the cooperation zone's industrial development, people's livelihood integration, and institutional connection have been accelerated.

(Chi Tenghui, Director of the Financial Development Bureau of Hengqin Guangdong-Macao Deep Cooperation Zone, gave a speech on the spot)

At this forum, Chi Tenghui, Director of the Financial Development Bureau of Hengqin Guangdong-Macao Deep Cooperation Zone, said, "The financial development of the cooperation zone has achieved remarkable results since its establishment, and policies have been successively introduced to support enterprises to issue bonds in Macau, promote QFLP pilot, promote the development of financing for small and medium-sized enterprises, listing cultivation, and financial industry development support."

data shows that the important position of the financial industry in the cooperation zone is becoming increasingly prominent. In the first three quarters of 2022, the added value of the financial industry in the cooperation zone reached 13.7 billion yuan, and increased by 59.2% year-on-year, accounting for 41.7% of the regional GDP of the cooperation zone.

"At present, the scale of the financial industry is relatively large in Hengqin. It is a pillar industry and is still growing continuously." Chi Tenghui believes, "but there is still a big gap compared with , an international financial center like Hong Kong, including financial markets, products, businesses, etc., and there is room for improvement. The future financial development of the cooperation zone is full of opportunities and imagination. "

In addition, a new system of consultation, joint construction and joint management and sharing between Guangdong and Macao has been initially established, and the cooperation zone is showing new vitality and new atmosphere.

Chi Tenghui said, "Since the operation of the cooperation zone over the past year, the first thing we have faced is the problem of rule connection and system docking. For example, the laws and supervision in the mainland are relatively different from the regulatory system of Macau's laws. This is a compatibility issue between the two systems. Our work direction is 'integration of salt and fresh water'. To truly solve the integration problem, we need top-level design support."

"Overall Plan for the Construction of Hengqin Guangdong-Macao In-depth Cooperation Zone" proposes a series of policy arrangements such as "exploring the construction of an electronic fence system and promoting the financial market of the cooperation zone to be highly open", "exploring the free inflow and outflow of cross-border capital projects in the cooperation zone and promoting the convertible capital project ", providing policy support for the cooperation zone to develop the first and highly open financial industry.

For example, in March this year, the Guangdong-Macao cross-border data verification platform was launched in trial operation in both places of Guangdong and Macao. This is another innovative practice in Guangdong and Macao to promote the security and efficient verification of cross-border data and explore the establishment of the integration of open, cooperative and demonstration cross-border digital services. In the first stage, cross-border verification of financial information is used as the pilot scope, and blockchain technology is used. Residents in the two places can realize cross-border verification of personal data based on personal authorization through platform cooperation institutions.

In addition, finance should strengthen its services to the real economy. Chi Tenghui pointed out that the current real industrial economy of Macau and the cooperation zone has a certain foundation. Under the coordination and promotion of the Financial Development Bureau of the Cooperation Zone, many financial institutions have increased their efforts to support the diversified development of Macau's industries and provide services for enterprises to "go global" investment and financing. Cross-border cooperation between Qin and Macau has become a normalized model for promoting financial cooperation in Guangdong and Macau.

Chi Tenghui said that in the next step, we will focus on the original intention of promoting the diversified development of Macau's industries, fully implement financial support for Guangdong-Macao cooperation and development of Hengqin, strengthen the connection between the rules and systems of Guangdong-Macao financial, strengthen the coordination and linkage of the financial industries between the two places, and promote the integrated development of people's livelihood financial services.

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