State Administration of Financial Supervision: Mainland branches of Hong Kong and Macao banks have entered the practical operation stage of engaging in bank card business.

Jiang Bo, director of the International Cooperation Department of the China Banking and Insurance Regulatory Commission, stated on August 30 at the 7th Greater Bay Area Financial Development Forum that in recent years, the financial reform and innovation in the Greater Bay Area has made some new progress in various areas. Among them, the latest signed CEPA trade agreement allows Hong Kong and Macao banks' mainland branches to conduct bank card business, and relevant legal revisions have been completed, entering the practical operation stage.