Page 76 - 2022 Special Report on the State of Business in South China
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industrial development and the value-added of core Strategic Orientations:
digital economy will account 20% of regional GDP.
- Cooperate with Hong Kong and Macao,
- A unified, open, orderly competitive through financial opening-up and interaction to
market system will be well organized. Guangdong promote the cooperation among the GBA in terms
will proactively participate in the “One Belt and of human resource, coordination and integrated
One Road” initiative, further explore the higher- development of the financial industry, and
level reform and opening-up and maintain accelerate the establishment of an international
stable and high-quality import and export trade, financial hub.
significantly improve the quality of domestic and
international investment, and enhance the level of - Make the best utilization of the interaction
open economic development. of "Twin Cities" Guangzhou and Shenzhen,
to create an international first-class financial
- Achieve a new leap in the balance and business environment. Develop FinTech, high-
coordination of regional development. The level financial research and a well-known financial
leading role of the Pearl River Delta will be culture to enhance Guangdong's financial impact
fully enhanced, the coastal economic zone will domestically and globally.
become the main area of industrial development,
the northern ecological development zone will - Take the opportunity of reforming
receive positive effect of green development, Shenzhen Stock Exchange to improve the
and the coordination of urban and rural regional innovative capital chain and make the full use of
development is significantly improved. the construction of Guangzhou Futures Exchange
to foster the futures industry chain. Target on
- The construction of ecology will enter a new decarbonization goals of “30•60”15, to speed up the
realm, with lower energy consumption and faster growth of green finance industry and to increase
decarbonization progress. Some areas of Guangdong the proportion of the value-added of the financial
will take the lead of achieving carbon peaking. industry in GDP.
- The public service system and the cultural - Implement “Finance +” projects, including
industry will be more developed. A multi-level social "Finance + Trade", "Finance + Consumption",
security system and health care system will be fully "Finance + Technology", "Finance + Manufacturing”,
constructed. With better employment, advanced "Finance + Infrastructure", etc. Continuously improve
income distribution structure to effectuate the accessibility, convenience, and sustainability of
synchronization of disposable income growth and financial resources, as well as financial services.
economic development. Enhance the capacity and efficiency of financial
services to support real economy.
- A more complete legal and regulation
system will be built, with the capacity of governance, Key Economic Targets:
administrative efficiency and credibility of
government are pronouncedly optimized. - By 2025, the domestic and foreign currency
deposit balance to reach RMB40 trillion, and loan
The Outline of the 14th Five-Year Plan balance to reach RMB30 trillion, including RMB3 trillion
(2021-2025) for Guangdong Financial Re- manufacturing loan balance, RMB3 trillion green
form and Development14 credit balance, RMB3.5 trillion inclusive loan balance,
and RMB2 trillion agriculture-related loan balance.
On 16 July 2021, the government of Guangdong
announced the Outline of the 14th Five-Year Plan - Build fully connected financial market in
(2021-2025) for Guangdong Financial Reform and the GBA. Guangdong will proactively enhance the
Development to strengthen the supervision and communication with international financial market.
operation of financial institutions. Specifically: 15 “30•60”, China is committed to peak emissions
by 2030 and carbon neutrality by 2060.
14 Government site of Guangdong, http://www.
gd.gov.cn/zwgk/wjk/qbwj/yf/content/post_3451957.
html
76
digital economy will account 20% of regional GDP.
- Cooperate with Hong Kong and Macao,
- A unified, open, orderly competitive through financial opening-up and interaction to
market system will be well organized. Guangdong promote the cooperation among the GBA in terms
will proactively participate in the “One Belt and of human resource, coordination and integrated
One Road” initiative, further explore the higher- development of the financial industry, and
level reform and opening-up and maintain accelerate the establishment of an international
stable and high-quality import and export trade, financial hub.
significantly improve the quality of domestic and
international investment, and enhance the level of - Make the best utilization of the interaction
open economic development. of "Twin Cities" Guangzhou and Shenzhen,
to create an international first-class financial
- Achieve a new leap in the balance and business environment. Develop FinTech, high-
coordination of regional development. The level financial research and a well-known financial
leading role of the Pearl River Delta will be culture to enhance Guangdong's financial impact
fully enhanced, the coastal economic zone will domestically and globally.
become the main area of industrial development,
the northern ecological development zone will - Take the opportunity of reforming
receive positive effect of green development, Shenzhen Stock Exchange to improve the
and the coordination of urban and rural regional innovative capital chain and make the full use of
development is significantly improved. the construction of Guangzhou Futures Exchange
to foster the futures industry chain. Target on
- The construction of ecology will enter a new decarbonization goals of “30•60”15, to speed up the
realm, with lower energy consumption and faster growth of green finance industry and to increase
decarbonization progress. Some areas of Guangdong the proportion of the value-added of the financial
will take the lead of achieving carbon peaking. industry in GDP.
- The public service system and the cultural - Implement “Finance +” projects, including
industry will be more developed. A multi-level social "Finance + Trade", "Finance + Consumption",
security system and health care system will be fully "Finance + Technology", "Finance + Manufacturing”,
constructed. With better employment, advanced "Finance + Infrastructure", etc. Continuously improve
income distribution structure to effectuate the accessibility, convenience, and sustainability of
synchronization of disposable income growth and financial resources, as well as financial services.
economic development. Enhance the capacity and efficiency of financial
services to support real economy.
- A more complete legal and regulation
system will be built, with the capacity of governance, Key Economic Targets:
administrative efficiency and credibility of
government are pronouncedly optimized. - By 2025, the domestic and foreign currency
deposit balance to reach RMB40 trillion, and loan
The Outline of the 14th Five-Year Plan balance to reach RMB30 trillion, including RMB3 trillion
(2021-2025) for Guangdong Financial Re- manufacturing loan balance, RMB3 trillion green
form and Development14 credit balance, RMB3.5 trillion inclusive loan balance,
and RMB2 trillion agriculture-related loan balance.
On 16 July 2021, the government of Guangdong
announced the Outline of the 14th Five-Year Plan - Build fully connected financial market in
(2021-2025) for Guangdong Financial Reform and the GBA. Guangdong will proactively enhance the
Development to strengthen the supervision and communication with international financial market.
operation of financial institutions. Specifically: 15 “30•60”, China is committed to peak emissions
by 2030 and carbon neutrality by 2060.
14 Government site of Guangdong, http://www.
gd.gov.cn/zwgk/wjk/qbwj/yf/content/post_3451957.
html
76
