Li Dongrong: Promote cross-border flow of financial data, accelerate the cross-border financial interconnection of the Guangdong-Hong Kong-Macao Greater Bay Area.

On August 30, at the 7th Guangdong-Hong Kong-Macao Greater Bay Area Financial Development Forum, former Deputy Governor of the People's Bank of China, Li Dongrong, stated in his keynote speech that accelerating the development of cross-border financial connectivity in the Greater Bay Area requires actively and steadily promoting the cross-border flow of financial data within the Greater Bay Area, increasing the application of financial technology, and continually improving the level of cross-border financial services. He emphasized that promoting the compliant and effective use of data is an important measure to drive the integrated development of the Greater Bay Area, and it is essential to strengthen the supervision of the entire chain of cross-border data to prevent risks associated with data flows. Furthermore, the application of financial technology has provided excellent technical support for the development of cross-border finance. It is necessary to increase the application of financial technology in cross-border finance and leverage financial technology to innovate breakthroughs in enabling cross-border financial services.