TechFlow news: On January 22, according to Jinshi News, five departments including the People's Bank of China jointly issued the "Opinions on Piloting the Alignment with International High Standards in Financial Fields in Pilot Free Trade Zones (Ports) under Certain Conditions to Promote Institutional Opening-up." The document proposes to continuously optimize the "Cross-boundary Wealth Management Connect" pilot program in the Guangdong-Hong Kong-Macao Greater Bay Area, support mainland residents in the Greater Bay Area to purchase eligible investment products sold by Hong Kong and Macao financial institutions through Hong Kong and Macao financial institutions, and expand both the scope of participating institutions and the range of eligible investment products.
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