Guangdong, Hong Kong and Macao representative members hot discussion on financial cooperation in Dawan District

2022-03-11

To promote the high-quality development of Guangdong, Hong Kong and Macao Dawan District, financial support is indispensable. Deputies to the National People's Congress and CPPCC members from Guangdong, Hong Kong and Macao focused on the cross-border capital flow, financial innovation, green finance and other topics in Dawan District, hoping to further improve the financial service real economy capacity of Guangdong, Hong Kong and Macao Dawan district and provide solid financial support for the construction of a world-class Bay area and a world-class urban agglomeration. Accelerate cross-border financial cooperation How to strengthen financial cooperation between cities in Dawan District, smooth cross-border capital flows and better support the development of the real economy is a topic of general concern among the representatives and members of Guangdong, Hong Kong and Macao. Li Huiqiong, member of the National Committee of the Chinese people's Political Consultative Conference and chairman of the Hong Kong Democratic Alliance for the betterment of Hong Kong, suggested that, on the premise of ensuring financial security, strengthening the connection between Hong Kong's rapid payment system and the mainland transfer payment system will help promote the capital flow in the Great Bay area of Guangdong, Hong Kong and Macao, not only facilitate Hong Kong people's life in the mainland, but also help Hong Kong better integrate into the overall situation of national development. Li Xiaojia, member of the National Committee of the Chinese people's Political Consultative Conference, former chief executive of the Hong Kong Stock Exchange and founder of drip irrigation, suggested to build a new bond trading market in Hong Kong that is highly transparent, convenient for the supervision of regulators in the mainland and Hong Kong, and based on the self-discipline of market participants, so as to provide effective bond issuance, registration, custody, trading and clearing services. "By making full use of Hong Kong's status as an international financial center, establishing a bond market in line with China's economic needs and establishing market-oriented operation standards and responsible institutions are of great practical and strategic significance for maintaining and strengthening overseas debt financing channels of Chinese enterprises and accelerating the internationalization of China's bond market." He said. During the national two sessions last year, Li Xiaojia proposed to create a financial infrastructure project for the interconnection between international capital and Chinese small and micro enterprises, namely drip irrigation. Today, drip irrigation will soon complete the "investment in 100 small and micro stores" plan, and it plans to exceed 1000 stores this year. "In addition to traditional ways such as bank credit and equity investment, financial assistance to enterprises should also find a more suitable new financing tool to support small and micro enterprises." Li Xiaojia said that through innovation in products, information disclosure, price discovery and delivery forms, we can better stimulate the vitality of China's economic "capillaries" and let labor entrepreneurs realize their dream of common prosperity. He Jinglin, deputy to the National People's Congress and President of the Macao Federation of industry and commerce, looks forward to more financial cooperation between Guangdong and Macao. He suggested that we should accelerate the financial industry cooperation between Guangzhou and Macao, take Macao and Hengqin as the base, innovate and develop modern financial industries such as equity financing and bond financing, effectively serve and help the development of advanced manufacturing industry in Guangzhou, promote the appropriate diversification of Macao's economy and realize the deep integration and development of the economic system of the Great Bay area. He suggested further lowering the entry threshold for Macao's financial institutions, supporting Macao and Hengqin in attracting world-class private investment institutions to settle down, and promoting the development of Macao and Hengqin into an important global wealth management and asset management market; We will liberalize the practice certification of overseas talents, carry out pilot projects such as practice access and cross-border performance of international asset management talents, and support Guangzhou and Australia to jointly carry out the cultivation and management of financial talents. Develop characteristic financial industry Each city in the urban agglomeration of Guangdong, Hong Kong and Macao has its own characteristics, which provides the soil for the development of characteristic finance. According to Wei Mingde, member of the National Committee of the Chinese people's Political Consultative Conference and chairman of the Hong Kong Financial Development Association, the Pearl River Delta has strong economic strength. It is a global manufacturing center and a world-class innovation center. It also has a complete industrial system. Hong Kong has accumulated global asset allocation resources, regulatory experience, legal and tax expertise and talent advantages. It should give better play to the advantages of Hong Kong's international financial center, Build Dawan District into a global wealth management center. Wang Dongsheng, member of the National Committee of the Chinese people's Political Consultative Conference, chairman of the Hong Kong General Chamber of Commerce and chairman of the Hong Kong and Shanghai Banking Corporation Limited, paid attention to the "double carbon" goal of financial support. He suggested that we should speed up the exploration of transitional financial products and bridge the gap between traditional green financing and sustainable financing. "For industries such as heavy industry, manufacturing and agriculture whose transformation path is not clear under the existing technical conditions and the degree of financing participation is still low, the financial industry needs to explore and provide more types of transformation financing products, which are linked with climate related indicators to stimulate and drive the public and private investment required to achieve net zero emission." Wang Dongsheng said. Cui Shiping, deputy to the National People's Congress and member of the Macao Legislative Council, put forward two suggestions on promoting the establishment of Hengqin green financial product service system: first, pay attention to "standard convergence", improve the mainland green financial standard system, and promote the integration and convergence of domestic and international green standards; Second, pay attention to "policy support", increase Macao's financial support for key areas such as green manufacturing and environmental protection in Dawan District, expand the scale of green credit, and support Dawan district enterprises to issue green certified and green marked bonds in Macao. "To develop people's livelihood services, finance first." He Runsheng, member of the National Committee of the Chinese people's Political Consultative Conference and vice president of the Macao neighborhood association federation, suggested that the Hengqin Guangdong Macao deep cooperation zone be built into a "new space" to facilitate the life and employment of Macao residents and a "new demonstration" of people's livelihood and financial innovation. He suggested that we should continue to improve the experience of integrated financial services such as cross-border financial management, witness account opening and mobile payment between Macao and Hengqin. At the same time, we should actively build a package of comprehensive financial services and products to promote Macao residents to participate in relevant financial investment in the cooperation zone and share the development dividends of the cooperation zone. He Runsheng also proposed to focus on Industrial Finance, focus on the development of the four major industries in the cooperation zone, continue to strengthen the financial support of policies for key industries, reduce the investment threshold for Australian investment in the cooperation zone, and create a new platform for financial institutions in the two places to serve the moderately diversified development of Macao's economy. As one of the important manufacturing cities in Dawan District, Foshan continues to enhance the ability of financial services to the real economy, among which the insurance industry has developed rapidly in recent years. Wu liejin, deputy to the National People's Congress and chairman of Guangdong zhongyingshengda financing guarantee investment Co., Ltd., suggested that a modern insurance pilot zone in Guangdong Hong Kong Macao Dawan district be established in Foshan to explore a sustainable, replicable and popularized road of insurance reform and innovation and a practical model. He also suggested setting up a carbon insurance pilot in Foshan, innovatively developing green manufacturing insurance products, and giving better play to the loss compensation and credit enhancement role of insurance. (Xinhua News Agency)

Edit:Huang huiqun    Responsible editor:Su Suiyue

Source:southcn.com

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