Viewpoint Real Estate New Media has learned that the "Proposal" proposes that Guangzhou needs to accelerate the construction of major projects and platforms. Promote the landing of Guangzhou Futures Exchange and accelerate the establishment of Guangdong-Hong Kong-Macao Greater Bay Area International Commercial Bank in Nansha New Area of Guangdong Pilot Free Trade Zone. At the same time, support qualified Hong Kong and Macao insurance institutions to set up operating institutions in Nansha District; Promote the establishment of a Hong Kong and Macao insurance service center in Nansha District to provide after-sales service of life insurance and medical insurance for Hong Kong and Macao residents who work or live in the Mainland and hold Hong Kong and Macao insurance policies.
The "Proposal" points out that various qualified financial institutions such as banks in Hong Kong and Macao are supported to expand their business in Guangzhou by setting up new mainland corporate headquarters, branches and franchisees. Support overseas banks to set up branches and subsidiaries in Guangzhou at the same time; Support joint ventures between commercial banks and foreign-funded institutions to initiate the establishment of financial asset investment companies and wealth management companies in Guangzhou, and there is no upper limit on the proportion of foreign ownership; Support qualified commercial banks to set up wealth management subsidiaries, financial asset companies and their professional investment subsidiaries in Guangzhou; Encourage foreign investors to invest in financial institutions such as Guangzhou Trust Company.
In addition, support the establishment of foreign-controlled securities companies, fund management companies and futures companies in Guangzhou in an orderly manner according to law, and explore and study the cross-border business of Guangzhou securities and futures operating institutions. Support Hong Kong and Macao private equity funds to participate in the financing of innovative enterprises in Guangzhou, and encourage qualified innovative enterprises in Guangzhou to go to Hong Kong and Macao for financing and listing. Support securities financial institutions in Guangzhou to carry out mergers and acquisitions and overseas business, actively develop diversified and differentiated financial products and tools, 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 facilitate cross-border trade, investment and financing in Guangdong-Hong Kong-Macao Greater Bay Area, and improve the convenience of local and foreign currency exchange and cross-border circulation. According to the self-discipline mechanism of Guangdong's banking industry, Guangzhou will support the list of high-quality enterprises selected by banks in Guangzhou, directly handle the RMB settlement business of cross-border trade in goods and services, and pay and use the proceeds from capital projects such as foreign direct investment capital, cross-border financing, and repatriation of overseas listed funds to China.
According to this plan, Guangzhou Bank is supported to issue cross-border loans to institutions or projects in Hong Kong and Macao under the macro-prudential framework. Support Hong Kong and Macao banks to provide loan services for the construction of Guangdong-Hong Kong-Macao Greater Bay Area in Suifen Bank. Support Guangzhou to carry out cross-border mortgage registration of real estate, and allow Hong Kong and Macao residents to mortgage their self-occupied houses purchased in Guangdong-Hong Kong-Macao Greater Bay Area Mainland to Hong Kong and Macao banks on a pilot basis, so as to facilitate Hong Kong and Macao residents to purchase houses in Guangdong-Hong Kong-Macao Greater Bay Area Mainland.
The "Proposal" also proposes to promote the diversification of financing channels in Guangdong, Hong Kong and Macao and promote the interconnection of financial markets and financial infrastructure. Support the standardized establishment of Guangdong-Hong Kong-Macao Greater Bay Area-related funds, guide all kinds of social funds from Hong Kong, Macao and overseas, participate in the construction of Guangdong-Hong Kong-Macao Greater Bay Area in a safe and orderly manner, and provide long-term and stable financial support for infrastructure construction, modern industrial development and major project construction. Support the pilot of equity investment in non-investment enterprises, promote the interconnection of financial markets and financial infrastructure in Guangdong, Hong Kong and Macao in an orderly manner, and carry out cooperation in financial bonds, corporate bonds and credit information products. Gradually expand the scale and scope of cross-border use of RMB in Guangdong-Hong Kong-Macao Greater Bay Area, and promote the convenient cross-border circulation and exchange of RMB in Guangdong-Hong Kong-Macao Greater Bay Area.
The plan emphasizes vigorously developing financial technology, expanding the pilot scope of cross-border financial blockchain service platform, continuously promoting the in-depth application of mobile payment in key urban and rural areas of Greater Bay Area, such as smart transportation, smart life, smart medical care and smart pension, steadily promoting cross-border payment facilitation measures in Greater Bay Area public transportation and other fields, and continuously providing Guangdong-Hong Kong-Macao Greater Bay Area with more professional, better and safer financial products and services. Support to promote the pilot of domestic mobile payment for overseas personnel in Guangzhou.