We will accelerate the introduction of the regulations on investor protection in Qianhai cooperation zone, work with Hong Kong to build an international legal service center and an international commercial dispute resolution center, build an experimental platform for comprehensively deepening reform and innovation, and build a high-level portal hub for opening to the outside world.
Qin Weizhong, deputy secretary of Shenzhen Municipal Party committee and mayor of Shenzhen, said that he would fully implement the requirements of the Qianhai plan, keep in mind the original intention of serving Hong Kong and Macao, adhere to relying on Hong Kong, serving the mainland and facing the world, strive to promote Qianhai Shenzhen Hong Kong cooperation to a new level and support Hong Kong’s better integration into the overall situation of national development.
Li Jiachao, Chief Secretary for administration of the government of the Hong Kong Special Administrative Region, believes that the launch of the Qianhai plan will help promote a higher level of Hong Kong Shenzhen cooperation and give play to the “dual engine” function of the two places in the Great Bay area of Guangdong, Hong Kong and Macao.
Promoting financial interconnection is an important part of the connection of rules and mechanisms in Guangdong, Hong Kong and Macao Bay area.
Any industry can be developed.
For example, in terms of market connectivity, we will continue to expand the channels for Hong Kong and Macao investors to invest in the mainland capital and bond markets, and promote the implementation of the “cross-border financial link” and “southbound link” projects for bonds, which will be officially launched and put into operation in the near future.
In terms of green financial cooperation, actively promote local governments to issue green municipal bonds in Hong Kong and Macao, strengthen the cooperation between Guangdong, Hong Kong and Macao green bond evaluation and certification institutions, and jointly initiate the establishment of Guangdong, Hong Kong and Macao Dawan District Green Financial Alliance.
The development of emerging industries is by no means “no matter who comes”.
Second, according to Hengqin’s strategic positioning of “serving Macao and integrating Qinzhou and Macao”, Hengqin’s open financial system arrangement is designed.
The overall plan for the construction of Hengqin Guangdong Macao deep cooperation zone and the plan for comprehensively deepening the reform and opening up of Qianhai Shenzhen Hong Kong modern service industry cooperation zone were released a few days ago, marking that the construction of Hengqin and Qianhai has entered a new stage of comprehensive construction and promotion.
Cong Liang, deputy director of the national development and Reform Commission and deputy director of the construction leading group office of Guangdong, Hong Kong and Macao Great Bay District, said at the press conference that the Hengqin plan proposed to develop four major industries in the cooperation Zone: scientific and technological R & D and high-end manufacturing, traditional Chinese medicine and other Macao brand industries, culture, tourism, exhibition and trade, and modern finance.
Deepen bilateral cooperation in modern finance, science and technology service industry, exhibition economy, marine economy, professional services and other fields.
Cong Liang said that in the next step, the national development and Reform Commission, together with Guangdong and Macao and relevant departments, will formulate the catalogue of encouraged industries in the cooperation zone, revise the Hengqin overall development plan, further refine the industrial categories, focus on advantageous fields and subdivided industries, and work together from the aspects of policy, human resources and financial resources to promote the accelerated development of the industry and form a scale, Promote the diversified development of Macao’s industries.
Fourth, while expanding opening up, establish and improve the financial risk monitoring, prevention and resolution system.
Third, relying on Qianhai to strengthen Shenzhen Hong Kong financial cooperation and give further play to the role of Hong Kong as an international financial center.
Hengqin’s space is still relatively limited.
Zhang Yongchun, director of the administrative and Legal Affairs Department of the government of the Macao Special Administrative Region, said that the Hengqin Guangdong Macao deep cooperation zone has created a new platform and brought new opportunities for the moderately diversified development of Macao’s economy.
The HKSAR government will discuss with relevant central ministries and commissions how to implement the measures to further open service trade in the Qianhai plan as soon as possible through the mainland Hong Kong Closer Economic and trade arrangement (CEPA)…
These industries proposed in the Hengqin plan include many sub categories.
Third, expand “new areas” of Shenzhen Hong Kong cooperation.
Qin Weizhong said that first, make good use of “expanded area” and “new space”.
He revealed that the future cross-border RMB business innovation pilot will be first tried in Qianhai, which will help to expand the depth and breadth of Hong Kong’s offshore RMB business and consolidate Hong Kong’s position as the world’s largest offshore RMB market.
Promote industrial, financial, legal and other policies to cover the whole region, and fully release the strong scale effect and multiplier effect of “expanding the region”.
It is necessary to do something and not do something, not to mention a registered economy and the so-called “headquarters economy”.
The financial industry is the development focus of Hengqin and Qianhai.
The development of emerging industries is by no means “no rejection”.
Prepare a new round of general planning and land space planning of Qianhai with high quality, and adhere to 1 / 3 of the newly transferred industrial land for Hong Kong funded and Hong Kong enterprises.
Pan Gongsheng, vice president of the people’s Bank of China and director of the State Administration of foreign exchange, revealed at the press conference on the development and construction of Hengqin and Qianhai held by the state information office on the 9th that the “cross border financial link” and bond “southbound link” projects will be officially launched and put into operation recently.
Instead, it is necessary to develop industries, solve employment and form a real “popularity”.
Pan Gongsheng said that the people’s Bank of China and the administration of foreign exchange attach great importance to the construction of Guangdong, Hong Kong and Macao Bay area and promote the financial opening and innovation of the bay area, including Hengqin and Qianhai.
Fourth, create “new advantages” in the business environment.
“In the next step, the people’s Bank of China and the State Administration of foreign exchange will continue to strengthen financial support for the construction of Hengqin and Qianhai.” pan Gongsheng introduced that first, the people’s Bank of China is leading the financial management departments of Hong Kong and Macao to formulate special documents on financial support for the reform and opening up of the two places.
Second, make good use of the policy “new dividend”.
