Guandian Real Estate Network News: On September 2, the Guangzhou Municipal Government’s executive meeting reviewed and approved the “Action Plan on Implementing Opinions on Financial Support for the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area”, focusing on promoting the Guangzhou Futures Exchange, Guangdong The establishment of an international commercial bank in the Hong Kong-Macao Greater Bay Area and the launch of cross-border mortgage registration of real estate will allow Hong Kong and Macao residents to mortgage their self-occupied residences purchased in the mainland of the Guangdong-Hong Kong-Macao Greater Bay Area to Hong Kong and Macao banks to facilitate Hong Kong and Macao residents in the mainland of the Guangdong-Hong Kong-Macao Greater Bay Area. In terms of home purchase and other aspects, 66 specific measures were proposed.

Guandian Real Estate New Media learned that the "Plan" proposed that Guangzhou needs to accelerate the construction of major projects and platforms. Promote the establishment of the Guangzhou Futures Exchange and accelerate the establishment of the Guangdong-Hong Kong-Macao Greater Bay Area International Commercial Bank in the Guangzhou Nansha New Area of ??the Guangdong Pilot Free Trade Zone. At the same time, support qualified Hong Kong and Macao insurance institutions to set up operating agencies in Nansha District; promote the establishment of Hong Kong and Macao insurance service centers in Nansha District to provide after-sales services for life insurance and medical insurance to Hong Kong and Macao residents who work or live in the mainland and hold Hong Kong and Macao insurance policies.

The "Plan" points out that various qualified Hong Kong and Macao banks and other financial institutions will be supported to expand their business in the Guangzhou area through the establishment of new mainland legal person headquarters, branches and specialized agencies. Support overseas banks to establish branches and subsidiaries in Guangzhou at the same time; support commercial banks and foreign-funded institutions to jointly initiate the establishment of financial asset investment companies and wealth management companies in Guangzhou with no upper limit on foreign shareholding; support qualified commercial banks in establishing wealth management subsidiaries in Guangzhou , financial assets companies and their professional investment subsidiaries; foreign capital is encouraged to invest in trust companies and other financial institutions in Guangzhou.

In addition, support the orderly establishment of foreign-controlled securities companies, fund management companies, and futures companies in Guangzhou in accordance with the law, and explore and study the cross-border business of pilot securities and futures operating institutions in Guangzhou. Support Hong Kong and Macao private equity funds to participate in the financing of innovative enterprises in Guangzhou, and encourage qualified Guangzhou innovative enterprises to go to Hong Kong and Macao for financing and listing. Support securities financial institutions in Guangzhou to carry out mergers, acquisitions, reorganizations and overseas businesses, actively develop diversified and differentiated financial products and financial instruments, innovate cross-border investment and financing products, and build a first-class investment bank with international competitiveness.

Another important content of the "Plan" is to promote the facilitation of cross-border trade, investment and financing in the Guangdong-Hong Kong-Macao Greater Bay Area, and to improve the convenience of domestic and foreign currency exchange and cross-border circulation. Guangzhou will support the list of high-quality enterprises selected by banks in Guangzhou based on the self-regulatory mechanism of banks in Guangdong Province. For enterprises on the list, they can directly handle RMB settlement business for cross-border goods trade and service trade, as well as direct foreign businessmen based on the payment instructions they submit. Funds received from capital projects such as investment capital, cross-border financing and repatriation of funds raised from overseas listings are used for domestic payment.

According to the "Plan", banks in Guangzhou are supported to issue cross-border loans to institutions or projects in Hong Kong and Macao within the macro-prudential framework. Support the branches of Hong Kong and Macao banks in Guangzhou to provide loan services for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area. Support cross-border real estate mortgage registration in Guangzhou, and pilot projects allow Hong Kong and Macao residents to mortgage their self-occupied residences purchased in the mainland of the Guangdong-Hong Kong-Macao Greater Bay Area to Hong Kong and Macao banks to facilitate Hong Kong and Macao residents to purchase houses in the mainland of the Guangdong-Hong Kong-Macao Greater Bay Area.

The "Plan" also proposes to promote the diversification of financing channels between Guangzhou, Hong Kong and Macao and promote the interconnection of financial markets and financial infrastructure. Support the standardized establishment of funds related to the Guangdong-Hong Kong-Macao Greater Bay Area, guide various social funds from Hong Kong, Macao and overseas, participate in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area in a steady and orderly manner, and provide long-term and stable financial support for infrastructure construction, modern industry development and major project construction . Support non-investment enterprises to carry out equity investment pilot projects, orderly promote the interconnection of financial markets and financial infrastructure in Guangdong, Hong Kong and Macao, and carry out multi-faceted cooperation in financial bonds, corporate bonds, credit products and other aspects. Gradually expand the scale and scope of cross-border use of RMB in the Guangdong-Hong Kong-Macao Greater Bay Area, and promote the convenient cross-border circulation and exchange of RMB in the Guangdong-Hong Kong-Macao Greater Bay Area.

The "Plan" emphasizes vigorously developing financial technology, expanding the pilot scope of cross-border financial blockchain service platforms, and continuing to promote mobile payment in key urban and rural areas of the Greater Bay Area such as smart transportation, smart life, smart medical care, and smart elderly care. In-depth application in the field, steadily promote the facilitation measures for cross-border payments in public transportation and other fields in the Greater Bay Area, and continue to provide more professional, higher-quality and safer financial products and financial services for the Guangdong-Hong Kong-Macao Greater Bay Area. Support the promotion of domestic mobile payment pilots for overseas personnel in Guangzhou.