Page 78 - 2021 Special Report
P. 78
of Shenzhen and Securities Regulatory Bureau of II. Promote the diversification of financing
Shenzhen adhered to the principles of continuing channels between Guangdong, Hong Kong and
to serve the real economy, win-win cooperation, Macau, and promote the connectivity of financial
market-orientation and preventing systemic markets and financial infrastructure.
financial risks. In order to further promote
financial openness and innovation, deepen Support institutions in Guangdong, Hong Kong,
financial cooperation between the mainland Macau and Macau in jointly establishing funds
and Hong Kong and Macau, increase financial related to the Greater Bay Area under the premise
support for development of the Guangdong-Hong of complying with laws and regulations. Insurance
Kong-Macau Greater Bay Area and enhance the funds and bank financial management funds are
supporting and leading role of the Guangdong- encouraged to participate in relevant funds in
Hong Kong-Macau Greater Bay Area in China's accordance with regulations. Guide all kinds of
economic development and opening-up, the non-governmental funds from Hong Kong, Macau
following plans have been formulated. and overseas, actively participate in the pilot REITs
of infrastructure, steadily and orderly participate
I. Promote the facilitation of cross-border in the construction of the Guangdong-Hong Kong-
trade, investment and financing in the Guangdong- Macau Greater Bay Area, and provide long-term
Hong Kong-Macau Greater Bay Area, and make it and stable financial support for infrastructure
easier to exchange local and foreign currencies and construction, development of modern industries
use cross-border flows and construction of major projects.
Expand the pilot project for higher-level trade Special economic zones
and investment facilitation in the Guangdong
Pilot Free Trade Zone to Mainland China of the China (Guangdong) Pilot FreeTrade Zone
Guangdong-Hong Kong-Macau Greater Bay Area
(referring to nine cities in the Pearl River Delta The GDFTZ was formally approved by the State
area). Support mainland banks in Guangdong, Council and established on 31 December 2014.
Hong Kong, Macau and the Greater Bay Area to The implementation scope for the GDFTZ is set
directly handle RMB settlement business for cross- at 116.2 square kilometers and covers three
border trade in goods and services, foreign direct areas: (i) Nansha area of Guangzhou, a 60 square
investment, cross-border capital financing and kilometer district (including 7.06 square kilometers
return of funds raised from overseas listing and of Guangzhou’s Nansha Bonded Port Area); (ii)
other capital account income funds for domestic Qianhai & Shekou areas of Shenzhen, a 28.2
payment and used on the basis of implementation square kilometer district (including 3.71 square
of the “Three Principles of Industry Expansion” and kilometers of Shenzhen’s Qianhai Bay Bonded Port
payment instructions submitted by enterprises. Area); and (iii) Hengqin area of Zhuhai, a 28 square
kilometer district, which was officially launched in
Carry out trials to integrate domestic and April 2015.
foreign currencies into cross-border capital pools.
Support eligible multinational enterprise groups To advance the facilitation of investment and
in Mainland China of the Guangdong, Hong Kong trade, the GDFTZ has implemented a series of
and Macau Greater Bay Area in carrying out a innovative policies from the following six aspects:
pilot project to integrate domestic and foreign
currencies into a cross-border capital pool - Investment facilitation: Pre-establishment
business, facilitate the transfer and pooling of of a national treatment and negative list
surplus domestic and foreign currencies among management mode will be implemented for
domestic and foreign members, and exercise overseas investment. For fields that fall outside
macro-prudential management over cross-border the negative lists, foreign investment projects will
capital pool business. be filed.
78
Shenzhen adhered to the principles of continuing channels between Guangdong, Hong Kong and
to serve the real economy, win-win cooperation, Macau, and promote the connectivity of financial
market-orientation and preventing systemic markets and financial infrastructure.
financial risks. In order to further promote
financial openness and innovation, deepen Support institutions in Guangdong, Hong Kong,
financial cooperation between the mainland Macau and Macau in jointly establishing funds
and Hong Kong and Macau, increase financial related to the Greater Bay Area under the premise
support for development of the Guangdong-Hong of complying with laws and regulations. Insurance
Kong-Macau Greater Bay Area and enhance the funds and bank financial management funds are
supporting and leading role of the Guangdong- encouraged to participate in relevant funds in
Hong Kong-Macau Greater Bay Area in China's accordance with regulations. Guide all kinds of
economic development and opening-up, the non-governmental funds from Hong Kong, Macau
following plans have been formulated. and overseas, actively participate in the pilot REITs
of infrastructure, steadily and orderly participate
I. Promote the facilitation of cross-border in the construction of the Guangdong-Hong Kong-
trade, investment and financing in the Guangdong- Macau Greater Bay Area, and provide long-term
Hong Kong-Macau Greater Bay Area, and make it and stable financial support for infrastructure
easier to exchange local and foreign currencies and construction, development of modern industries
use cross-border flows and construction of major projects.
Expand the pilot project for higher-level trade Special economic zones
and investment facilitation in the Guangdong
Pilot Free Trade Zone to Mainland China of the China (Guangdong) Pilot FreeTrade Zone
Guangdong-Hong Kong-Macau Greater Bay Area
(referring to nine cities in the Pearl River Delta The GDFTZ was formally approved by the State
area). Support mainland banks in Guangdong, Council and established on 31 December 2014.
Hong Kong, Macau and the Greater Bay Area to The implementation scope for the GDFTZ is set
directly handle RMB settlement business for cross- at 116.2 square kilometers and covers three
border trade in goods and services, foreign direct areas: (i) Nansha area of Guangzhou, a 60 square
investment, cross-border capital financing and kilometer district (including 7.06 square kilometers
return of funds raised from overseas listing and of Guangzhou’s Nansha Bonded Port Area); (ii)
other capital account income funds for domestic Qianhai & Shekou areas of Shenzhen, a 28.2
payment and used on the basis of implementation square kilometer district (including 3.71 square
of the “Three Principles of Industry Expansion” and kilometers of Shenzhen’s Qianhai Bay Bonded Port
payment instructions submitted by enterprises. Area); and (iii) Hengqin area of Zhuhai, a 28 square
kilometer district, which was officially launched in
Carry out trials to integrate domestic and April 2015.
foreign currencies into cross-border capital pools.
Support eligible multinational enterprise groups To advance the facilitation of investment and
in Mainland China of the Guangdong, Hong Kong trade, the GDFTZ has implemented a series of
and Macau Greater Bay Area in carrying out a innovative policies from the following six aspects:
pilot project to integrate domestic and foreign
currencies into a cross-border capital pool - Investment facilitation: Pre-establishment
business, facilitate the transfer and pooling of of a national treatment and negative list
surplus domestic and foreign currencies among management mode will be implemented for
domestic and foreign members, and exercise overseas investment. For fields that fall outside
macro-prudential management over cross-border the negative lists, foreign investment projects will
capital pool business. be filed.
78
