People's Daily Online, Hong Kong, February 18 (Reporter Chen Ran) February 18 coincides with the fifth anniversary of the promulgation of the "Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area". The Financial Secretary of the Hong Kong Special Administrative Region (HKSAR**), Paul Chan, said in a blog post on the same day that Hong Kong and its sister cities in the Guangdong-Hong Kong-Macao Greater Bay Area have opportunities for synergistic development and mutual assistance, whether it is green technology, green finance or innovation and technology development, which is where the advantages and potential of the Greater Bay Area lie.
Mr Chan said that in the past five years, the Guangdong-Hong Kong-Macao Greater Bay Area has made great progress. Taking financial cooperation as an example, the Overall Development Plan for the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone announced in December 2023 clearly supports the deepening of the integrated financial development of Hong Kong and Shenzhen, including encouraging more Hong Kong private banks and family wealth management institutions to set up franchised institutions in Qianhai, supporting eligible financial institutions to carry out cross-border investment business, and launching cross-border pilot projects for e-RMB.
He added that the development of the green technology industry has provided more feasible solutions for the global green transition and has become an important part of economic growth. With a large number of green technology enterprises, talents, green funds and financial products, Hong Kong has considerable advantages in developing into an "international green technology and financial centre".
It is understood that "Cross-boundary Wealth Management Connect 2"0" will be officially launched on February 26, in addition to increasing the individual investment quota and expanding the scope of eligible products, it will also provide greater policy space in cross-border sales and publicity, and facilitate the cross-border diversified asset allocation of residents in the three places. Mr Chan said that these collaborations will bring more development opportunities to Hong Kong's industry and benefit the residents of the Greater Bay Area.