PBOC and other departments: Leverage the cross-border synergy advantages of the Guangdong-Hong Kong-Macao Greater Bay Area

The People's Bank of China and other departments have issued the "Guiding Opinions on Financial Support for Building Beijing, Shanghai, and the Guangdong-Hong Kong-Macao Greater Bay Area into International Science and Technology Innovation Centers." Among other points, it states: Build an open science and technology finance system. Give play to the leading role of the "Shenzhen-Hong Kong-Guangzhou" science and technology innovation cluster, strengthen high-level financial interaction and regulatory alignment among Guangdong, Hong Kong, and Macao, and promote the integration of industrial innovation and scientific and technological resources to unleash greater effectiveness. Focusing on enhancing the innovation capacity of the Greater Bay Area Comprehensive National Science Center, support key areas such as Shenzhen Guangming Science City, Dongguan Songshan Lake Science City, and Guangzhou Nansha Science City in carrying out cross-regional collaborative innovation among industry, academia, and research. Support major cooperation platforms such as Qianhai, Hetao, Nansha, and Hengqin in piloting first, actively promote greater use by institutions in the two places of the mainland's fintech innovation regulatory tools and their connection with Hong Kong's fintech regulatory sandbox, deepen Guangdong-Hong Kong-Macao cross-border credit cooperation, and explore mechanisms such as cross-border flow of data elements and cross-border transformation of intellectual property. Implement the Closer Economic Partnership Arrangement between the mainland and Hong Kong and Macao, support licensed institutions in Hong Kong and Macao in cooperating with mainland financial institutions, and explore improving science and technology financial services on cooperation platforms in accordance with laws and regulations. Support enterprises in making good use of the "two markets" and "two types of resources" at home and abroad to list on the capital market, and promote Greater Bay Area companies listed in Hong Kong to list in Shenzhen in accordance with regulations.