Guangdong-Hong Kong-Macao Greater Bay Area Finance Forum 2022 Successfully Held
(2023-01-18 16:01:05)
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On January 13, Guangdong-Hong Kong-Macao Greater Bay Area Finance Forum 2022 was successfully held in Macao with the theme of “Modern Finance Support the Greater Bay Area to Establish the New Development Pattern”.

 

 

The event brought together guests from Guangdong, Hong Kong, Macao and other parts of China. During the forum, participants exchanged their views on the development of the Guangdong-Macao in-depth cooperation zone in Hengqin. The event proved to be fruitful, with great progress in policies interpretation, information exchange, academic development and talent training. The finance forum mainly focused on efforts to reconstruct the modern financial system in the Greater Bay Area with breakthroughs in financial policies and models, a move aiming to promote the integration of national strategies and regional development.

The forum unveiled two financial reports: Feasibility Study on Policies, Laws and Practices to Achieve Free Convertibility and Circulation of MOP, HKD and RMB in the In-depth Cooperation Zone in Hengqin and Research on the Innovation of Strategic Positioning, Overall Design and Financial Supervision in the Establishment of a Financial Asset Trading Market Denominated and Cleared in RMB in Macao.

The event was held under the guidance of the Government of the Macao Special Administrative Region, the Liaison Office of the Central People’s Government in the in-depth cooperation zone in Hengqin, the Management Committee of the Guangdong-Macao in-depth cooperation zone in Hengqin and Renmin University of China.

In his keynote speech, professor Wu Xiaoqiu, Dean of China Capital Market Research Institute, RUC and the Chairman of the Forum, expressed his view under the title of the Vision of Modern Financial Industry Development in the Bay Area. The forum also hosted two round tables for more in-depth communication around the financial development of the Guangdong-Hong Kong-Macao Greater Bay Area.

As one of the regions with the highest degree of openness and economic vitality in China, the Guangdong-Hong Kong-Macao Greater Bay Area has an important strategic position in the overall development of the country. On Feb 18, 2019, the Chinese authorities unveiled the outline development plan for the Guangdong-Hong Kong-Macao Greater Bay Area. Since then, more measures were adopted to support its development.

As an important engine of China’s economic growth, the Guangdong-Hong Kong-Macao Greater Bay Area is increasingly becoming a new platform for greater participation in international economic cooperation and transforming into a new high ground for greater economic and social development.

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