Hundreds of Financial Family ｜ Ye Dezhu, professor of the Department of Finance of the School of Economics of Jinan University: Continue to deepen the financial reform of the Guangdong -Hong Kong -Macao Greater Bay Area

This year marks the third anniversary of the implementation of the "Outline of the Development Planning of the Guangdong -Hong Kong -Macao Greater Bay Area". As the "bloodline" of the real economy, finance is an indispensable part of regional collaborative innovation communities that implement innovation -driven development strategies in the Greater Bay Area and build an open -scale integration and development community.

Generally speaking, in the past ten years, Bank of Guangdong Insurance Industry based on the new stage of development, implementing new development concepts, building a new development pattern, and undertaking the important role of financial opening up, reform and innovation, played an important role in the construction of the Greater Bay Area Essence

In the future, Guangdong's banking insurance industry can further increase innovation from the aspects of institutional exploration, supervision and cooperation, and risk prevention, and promote the financial reform and innovation of the Guangdong -Hong Kong -Macao Greater Bay Area to a new height.

Guangdong's financial industry supports the construction of the Greater Bay Area to present five major characteristics

The first is to continue to increase the reform of "decentralization of service". Since the 18th National Congress of the Communist Party of China, my country has continuously promoted simplified administration, combining management, and optimizing services. Accelerating the construction of marketization, rule of law, and international business business, the reform of "decentralization of management" is the only way. The Guangdong Banking Regulatory Bureau adapts to the general trend of "decentralization of management service" and gradually promotes the policies of simplified administration and decentralization, and its results are obvious. Since 2020, Guangdong has expanded the matters of simplified administration and decentralization in the free trade zone, and changed the establishment, relocation and revocation of insurance support companies and below. In the Bay Area 8 cities, the main access matters of the bank branch and insurance branches and the following institutions and executives are greatly simplified. Essence This series of "decentralized service" measures effectively stimulate market vitality.

Second, the highlights of financial interconnection. The "cross -border financial management" pilot is to broaden the cross -border investment channels in the Greater Bay Area, explore a new pattern of financial cooperation in Guangdong, Hong Kong and Macao and the new path of RMB internationalization. Last year, since the "Cross -border Financial Management" pilot was launched, 26 pilot banks in Guangdong have filed and organized in an orderly manner, which has accumulated important experience for the implementation of personal capital projects. In addition, Guangdong's banking industry actively conducts business innovations such as cross -border witnesses, FT account account accounting business pilots, cross -border asset transfer and other business innovations. The listing of critical illness insurance and medical insurance products provides more convenient financial services for residents of companies in Guangdong, Hong Kong and Macao.

Third, the two -way opening of finance continues to deepen. In the strategic context of "accelerating the construction of a new development pattern of domestic large cycle as the main body and the mutual promotion of dual cycles at home and abroad", it is of great significance to continue to promote financial two -way openness. Under the CEPA framework, the Guangdong Banking Insurance Regulatory Bureau reduces the threshold of the Hong Kong and Macao insurance agency companies to set up a wholly -owned insurance agency company in the Mainland, attract special institutions to enter the Mainland, and support Dongguan Bank to set up Hong Kong branches and Hong Kong subsidiaries. Help Mainland banks "go out". At the same time, it has strongly supported foreign banks to "introduce", and the Guangzhou Branch of Dafeng Bank and the Hengqin Sub -branch of the Macau International Bank have been established. Through continuous efforts, Guangdong has become the first province with the first prefecture -level municipal -level foreign banks in the country. The number of business institutions in Hong Kong and Macao banks ranks first in the country.

Fourth, the financial element resources are accelerated. To build a world -class urban agglomeration in the Guangdong -Hong Kong -Macao Greater Bay Area, it is necessary to promote institutional agglomeration, factor agglomeration, and resource agglomeration to accelerate the construction of international financial hubs. Guangdong's banking insurance industry has made full use of policy advantages such as opening up, CEPA framework, and free trade zone to attract a number of influential institutions and platforms to settle in the Greater Bay Area. According to statistics, the Guangdong Banking Insurance Regulatory Bureau currently has a total of bank insurance business Nearly 20,000 sex institutions have achieved national joint -stock banks covered in Guangdong. The first domestic shipping insurance factor trading platform was completed and launched. The preferential tax policy for international shipping insurance business in the Nansha Free Trade Zone landed and supported the development of international shipping insurance in the Nansha Free Trade Zone. The Shanghai Insurance Stock Exchange has registered the establishment of the China Insurance Federation (Guangzhou) Technology Co., Ltd. to participate in the construction of the Guangzhou Health Insurance Trading Platform.

Fifth, deep integration of fintech. The "Planning Outline" proposes to build the Greater Bay Area into a carrier and platform for high -level technological innovation. As a new demonstration of innovation leading the new development concept, the Greater Bay Area is based on financial technology innovation cooperation and strengthens the positioning of science and technology innovation centers. The Guangdong Banking Regulation Bureau strongly supports the development of intellectual property pledge financing, promotes the pilot pilot registration online for intellectual property pledge registration, and the intellectual property pledge registration online handle the national pilot implementation plan. Registration online to handle pilots to achieve full coverage of 20 prefectures and cities within its jurisdiction, and effectively promotes the construction of the International Science and Technology Innovation Center of the Guangdong -Hong Kong -Macao Greater Bay Area.

Help to build a international first -class bay area with financial reform and innovation

The first is to boldly explore the first trial. The Guangdong -Hong Kong -Macao Greater Bay Area was constructed under the background of "one country, two systems, three currencies, and three customs areas". Under the premise of controllable risks, some explorations of first -first -first -first -round trial fields were carried out to play the role of reform test fields. It can accumulate fresh experience for reform and innovation across the country. From the perspective of the financial field, it is recommended to further strengthen research and work advancement, learn from the "cross -border" experience that has been implemented under various capital items, and combine the differences in the domestic and overseas insurance industry, conduct in -depth research on "cross -border insurance", explore the exploration "One policy insurance three places." Give full play to the policy advantage of Hengqin Guangdong -Australia's in -depth cooperation zone, and explore more breakthroughs in the fields of financial practitioners' qualifications, protection of financial consumer rights, and residential amount services. The second is to strengthen financial supervision and cooperation in the Greater Bay Area. There are many differences in the social and economic system of the three places in the Guangdong -Hong Kong -Macao Greater Bay Area, and there are many differences in financial standards and industry practices. The financial interconnection of the three places is not only the innovation and opening up of a single business, but also the connection and deep integration of the institutional rules of the point and the face. Therefore, it is necessary to further improve the regulatory cooperation mechanism on the basis of the existing Guangdong -Hong Kong -Macao financial supervision and communication and coordination mechanism, strengthen financial supervision and exchanges between the three places, coordinate and solve cross -border financial development, supervision, risk prevention disposal, anti -money laundering, anti -terrorist financing In other issues, gradually promote the orderly connection of financial regulatory rules.

The third is to improve the financial risk prevention system. Preventing and resolving financial risks is the eternal theme of financial work. The financial subject of the Guangdong -Hong Kong -Macao Greater Bay Area, diverse reform pilots, active cross -border transactions, and relatively complicated risk factors, preventing and resolving more severe challenges. In the process of promoting the financial reform and opening up of the Guangdong -Hong Kong Bay Dawan District, we should firmly establish the bottom line of thinking, advance steadily under the premise of controlling risks, mature one, promote one, and allocate corresponding risk prevention measures for various open innovation measures. Essence Strengthen the research and judgment of financial risks and risk prevention and control in key areas, improve the comprehensive statistical system of the regional financial industry, economic and financial investigation statistics system and analysis monitoring and risk early warning system, and improve the financial security defense line and risk emergency response mechanism.

(Author: Ye Dezhu, a member of the Guangdong Insurance Academic Committee, a professor at the Department of Finance of Jinan University, a professor of the Southern Higher Financial Research Institute of Jinan University.)

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