The Dream Factory of China

Source :Qianhai Communication Center

The Qianhai Cooperation Zone Authority is selecting this year’s representative financial innovation cases with an aim to encourage innovation among the Qianhai-registered financial institutions and boost the healthy development of the financial industry to serve the real economy.

Financial institutions approved by the central or local financial regulatory authorities, as well as supporting financial institutions are qualified to apply.

Qualified innovation cases include but are not limited to products or service innovation, model innovation, technological innovation, organizational innovation and institutional innovation. Priority will be given if the following conditions are met:

1.The case is conducive to deepening the financial cooperation between Shenzhen and Hong Kong, improving cross-border financial infrastructure, expanding cross-border investment and financing channels, and promoting the financial market interconnection and mutual recognition of products of Shenzhen and Hong Kong.

2.The case is a policy piloted by the Guangdong-Hong Kong-Macao Greater Bay Area, Shenzhen and the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone.

3.The case is conducive to stabilizing the economy and improving the people’s livelihood, supporting the COVID-19 pandemic prevention and work resumption, preventing and resolving financial risks, and promoting regional financial security and stability.

Cases for application should have completed research and launched to the market within the past two years (as of Oct. 22, 2020). The cases should also have a comprehensive risk prevention mechanism and must not violate current financial regulatory laws, regulations and rules.

The chosen cases will receive a subsidy of up to 300,000 yuan (US$44,020).

Applicants should fill out an application form and submit all the supplement materials (in eight copies) to the Qianhai Cooperation Zone Authority in person or by post before Oct. 22. The electronic materials also need to be sent to qhjr@qh.sz.gov.cn.

The mailing address is Qianhai Financial Risk Prevention and Control Center, Block 3, Qianhai Enterprise Dream+ Park, Qianhai Cooperation Zone.

The hotlines are: 0755-36667307 and 0755-36667485.

Notes:

If an innovation case is completed by two or more units, only one unit should serve as the subject of application;

Each applicant can submit up to three candidate cases. Cases that have received awards from the Qianhai authority are not qualified for the application;

Applicants who received criminal penalties over the past five years, failed to pay taxes, have records of misconduct or irregularities, cannot participate in the selection.