The Dream Factory of China

Source :Shenzhen Daily

An online seminar between the Qianhai Cooperation Zone Authority and the Financial Services and the Treasury Bureau of Hong Kong S.A.R Government was held Dec. 15 to discuss a series of matters regarding financial cooperation between the two areas.

Christopher Hui, director of the Financial Services and the Treasury Bureau said The Plan for Comprehensive Deepening Reform and Opening Up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai Plan) is a great opportunity for Hong Kong. As an international financial center, Hong Kong will take advantage of the favorable policies of Qianhai to integrate into the overall development of the country.

At the seminar, senior officials of the Qianhai Local Financial Supervision Bureau introduced the idea of optimizing opportunities for those who qualify as a Hong Kong-funded qualified foreign limited partner (QFLP). Representatives of several banks joining in the Cross-boundary Wealth Management Connect (WMC) Pilot Scheme in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) suggested pursuing the deepening and innovation of cross-border financial businesses between Shenzhen and Hong Kong.

Mainland enterprise delegates also expressed their expectations to obtain low-cost financing relying on Hong Kong’s green financial market and to make contributions to the green financial cooperation between Shenzhen and Hong Kong.

In addition, a senior staff of the Shenzhen Finance Bureau introduced the current measures supporting Hong Kong accounting professionals’ practicing in Qianhai, adding that the bureau will join hands with the Qianhai Authority and the Financial Services and the Treasury Bureau to further promote the exchange and cooperation among accounting talents in both areas.