Key Facts
It mentioned plans to orderly expand financial opening-up, encourage international financial institutions to set up headquarters in the area, and promote the development of cross-border finance, innovative finance, venture capital/private equity, wealth management, futures trading, asset management, specialty finance, offshore services and other business formats. The plan explicitly supports expanding the scale of bulk commodity trading, promoting futures-spot linkage for key commodities such as iron ore, crude oil, and rubber, and enhancing pricing influence for bulk commodities.
Project and Capacity
In addition, the plan proposes accelerating the implementation of projects such as the Greater Bay Area International Commercial Bank and the Guangdong-Hong Kong-Macao Greater Bay Area Insurance Service Center, supporting financial institutions in the area to develop cross-border supply chain finance, intellectual property pledge financing and other specialty products, deepening pilots such as cross-border credit asset transfers and multi-currency unified accounts, and promoting greater mutual recognition and interconnection of cross-border financial products.