The first newly established Australian bank landed in Hengqin Guangdong Macao deep cooperation zone

2021-10-29

After the listing of the management organization of Hengqin Guangdong Macao deep cooperation zone, the first newly established Australian bank, the Hengqin Guangdong Macao deep Cooperation Zone Branch of Macao International Bank, was officially inaugurated in Hengqin, Zhuhai on October 26. On the same day, Zhuhai municipal government also signed a strategic cooperation agreement with Xiamen International Bank. The two sides will focus on deepening cooperation in business development, institutional layout, introducing domestic and foreign funds and promoting cross-border financial service innovation. Founded in 1974, the Macao International Bank is a member of the Xiamen International Banking Group and an important bank in Macao's local system. On October 18, the headquarters of the International Bank of Macau and Guangzhou Branch became the first Australian funded bank to pilot the "cross-border wealth management link", and successfully launched the first cross-border wealth management link business in Hengqin the next day, officially opening a new chapter in the bank's contribution to the interconnection of the wealth management markets of Guangdong and Macao. "Relying on the rich experience in the development of Shengeng Dawan District, Hengqin Guangdong Macao deep Cooperation Zone Branch of Macao International Bank will focus on promoting the steady expansion of cross-border mortgage and cross-border consumer business, continuously enhance the linkage of syndicated loans, continuously improve the cross-border characteristic transaction banking system, and broaden the business scope and service boundary of providing diversified financial services for the cooperation zone market. At the same time, it will focus on the real economy Customer base, support the development of high-end manufacturing, science and technology R & D, culture, tourism, exhibition and other industries in Hengqin region through credit extension, so as to make new contributions to regional economic development, "said Wang Xiaojian, chairman of Xiamen International Bank. At the beginning of the development of Hengqin, there was only one rural credit cooperatives, and now there are more than 5500 financial institutions. Finance has become an important engine driving the rapid economic growth of Hengqin. According to the data, in 2020, the added value of Hengqin financial industry will reach 14 billion yuan, accounting for nearly 30% of the GDP of the region. Among them, Hengqin private equity fund industry is a "sudden rise". As of May this year, there were more than 560 private fund managers registered in Hengqin and filed with China Securities Investment Fund Association, ranking eighth in China; More than 1500 private equity funds have been filed, with a fund scale of more than 450 billion yuan. (outlook new era)

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