TechFlow, May 12 — Recently, the People's Bank of China, the National Financial Regulatory Administration, the China Securities Regulatory Commission, the State Administration of Foreign Exchange, and the Guangdong Provincial People's Government jointly issued the "Guiding Opinions on Financial Support for Guangzhou Nansha to Deepen Comprehensive Cooperation among Guangdong, Hong Kong, and Macao面向the World." The document outlines 30 key measures across six areas: improving financial services for innovation and entrepreneurship, strengthening financial services in social welfare sectors, developing characteristic financial services, advancing interconnectivity of financial markets among Guangdong, Hong Kong, and Macao, promoting cross-border financial innovation and exchanges, and improving financial regulatory mechanisms. These initiatives aim to enhance Nansha's leading and driving role in building Guangzhou Nansha as a strategic pivot point for a new development paradigm, a demonstration zone for high-quality development, and a pioneer in Chinese modernization within the Guangdong-Hong Kong-Macao Greater Bay Area. The goal is to develop Nansha into a pilot demonstration window for opening up China's financial sector, a hub for financial innovation functions, and a key node in the international financial network of the Greater Bay Area.
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