Shenzhen -Hong Kong Financial Live Water Stream

Unicom of the fund passage sets up the wealth and golden bridge in Shenzhen and Hong Kong. Talent certification and standard docking make the financial markets between the two places connecting ... The "Development Plan for the Development of the Guangdong -Hong Kong -Macao Greater Bay Area" and "Comprehensive Deepening Qianhai Shenzhen -Hong Kong Modern Service "The Reform and Open -down Plan of the Industry Cooperation Zone" is a blueprint for financial co -authors in Shenzhen and Hong Kong. Shenzhen has made significant progress in the field of financial innovation and development in the field of financial innovation, especially in the interconnection and communication with the Hong Kong and Macao financial markets.

Fund flowing north to south live water dependency

In the modern urban economic circle, the flow of funds in Pentium is like a booming blood, which drives the endless vitality of the economy in the circle.

The stock market, the "Shenzhen -Hong Kong Stock Connect" transaction mechanism, which has been active in trading in recent years, has taken the lead in making efforts.

In December 2016, Shenzhen -Hong Kong Stock Connect was officially launched. For more than five years, market institutions and investors in Shenzhen and Hong Kong have actively participated in the "Shenzhen -Hong Kong Stock Connect" and promoted the continuous and rapid growth of the "Shenzhen -Hong Kong Stock Connect" transactions. As of the end of 2021, the cumulative transaction amount of "Shenzhen -Hong Kong Stock Connect" reached 43.2 trillion yuan, of which the cumulative transaction value of Shenzhen Stock Connect was 3.4.8 trillion yuan, and the cumulative transaction amount of Hong Kong Stock Connect under the "Shenzhen -Hong Kong Stock Connect" was 8.4 trillion yuan.

"The" Shenzhen -Hong Kong Stock Connect "to maintain a continuous development trend has become an important window for the two -way opening of my country's capital market." Relevant person in charge of the Financial Cooperation Department of Shenzhen Local Financial Supervision Bureau told reporters that the Shanghai -Shenzhen -Hong Kong Exchange and China settlement have already been To reach a consensus on the overall plan of ETF incorporation, ETF incorporates into the interconnection bidding will be launched soon. This will further enhance the convenience of overseas long -term institutional investors to participate in the A -share market.

In the eyes of ordinary citizens, the "cross -border wealth management" business has officially opened, allowing residents of Shenzhen and Hong Kong to have the opportunity to share wealth growth.

In October 2021, the pilot business of the "Cross -border Financial Management" officially landed in the Guangdong -Hong Kong -Macao Greater Bay Area. As of the end of March this year, the Guangdong -Hong Kong -Macao Greater Bay Area participated in the total individual investors of "Cross -border Financial Management", including 16,726 Hong Kong and Macao investors and 9,110 mainland investors. Yuan.

A number of bank insiders who joined the "cross -border financial management" are optimistic about the pilot launch. "This moves the needs of personal self -investment and flexible allocation of assets in the Greater Bay Area, and further supports Hong Kong to strengthen the global offshore RMB business hub and international asset management The function of the center and the risk management center promotes the construction of the International Wealth Management Center in Shenzhen. "Some banks told reporters.

The bond market is also rising, and bonds are an innovative cooperation mechanism for the interconnection of the Mainland and the Hong Kong bond market. In 2021, the bonds were active, with a cumulative transaction of about 73,000 transactions throughout the year, and the total ticket was 6.5 trillion yuan, an increase of 34%over 2020. As of the end of December 2021, a total of 3,233 overseas investors passing through bonds, an increase of 37.5%over the end of last year.

The reporter also learned that Shenzhen is the first city in China to carry out pilot investment pilot (QFLP) and qualified domestic investors' overseas investment pilots (QDIE) pilots.

As of the end of April 2022, Shenzhen attracted 177 QFLP management enterprises and 55 funds to obtain pilot qualifications, with the fund size of 48.258 billion yuan (the maximum of 1.4 billion U.S. dollars in a single); The total investment amount is 2.02 billion US dollars. In addition, in March of this year, Shenzhen took the lead in carrying out the pilot of commercial registration of contract -type private equity investment enterprises. The pilot policy helps contract -type private equity investment funds to participate in the IPO listing or non -public issuance and mergers and acquisitions of listed companies, shortening contract -type private equity investment funds. Through the inspection cycle, favorable for the withdrawal of contract -type private equity investment funds withdrawing.

The connection between talents and rules establish "soft Unicom"

In addition to the "hard Unicom" of the capital channel, Shenzhen is also actively exploring the "soft Unicom" of the Guangdong -Hong Kong -Macao Greater Bay Area in financial standards and rules. Among them, Shenzhen continues to promote the "Shenzhen -Hong Kong -Macao Financial Scientific Science and Technology Talent Program", allowing more financial talents to find a good opportunity to integrate into the financial markets of the three places.

"The high -quality development of the financial industry is inseparable from the support of composite talents. The development of fintech in the Greater Bay Area also requires the interconnection of talents." The relevant person in charge of the Financial Cooperation Office of the Municipal Local Financial Supervision Bureau introduced to reporters. The Municipal Financial Bureau and the Hong Kong HKMA and the Macau Financial Management Bureau jointly launched the "Shenzhen -Hong Kong -Macao Financial Scientific Scientist" specialized project; this is the world's first fintech talent cultivation project. Supporting and high recognition, becoming a positive attempt to be dedicated to the consistent talent standard of talents in the background of the "one country, two systems".

The "Expert Plan" adheres to the basic principles of "separation and professional and objective", and is divided into curriculum committees, training committees, and examination committees to separate checks and balances, representing objective evaluation of professional standards and professional ethics of employees in the three places.

As of now, the specialty plan has successfully operated the third anniversary, successfully organized 4 first -level examinations, 1 secondary exam, 4 first -level training and one secondary training, and 1376 first -level licenses and 75 were produced. The second -level licensee has realized the growth and development from scratch, from small to large, and is gradually growing into an important basic platform for the development of financial technology development in the Guangdong -Hong Kong -Macao Greater Bay Area.

The development of green financial innovation in the Guangdong -Hong Kong -Macao Greater Bay Area has taken a big step in the integration of financial standards and rules.

In October 2021, Shenzhen successfully issued the first domestic offshore RMB local government bonds in Hong Kong, with a issuance scale of 5 billion yuan, of which 1.1 billion yuan of bonds and 3.9 billion yuan in special bonds. Special bonds are green bonds certified by the Hong Kong Quality Assurance Bureau for projects such as urban rail transit and water governance. This is the first time the local government of the Mainland has issued offshore RMB local government bonds. It is also the first time that the local government in the Mainland has gone to Hong Kong to issue green bonds. In September 2020, the "Green Financial Alliance of the Guangdong -Hong Kong -Macao Greater Bay Area" was jointly launched by Guangzhou, Shenzhen, Hong Kong, and Macau. The Alliance Secretariat was located in the Shenzhen Green Financial Association. In September 2021, the first annual meeting of the alliance was successfully held in Shenzhen. The conference fully demonstrated the exploration and innovation in the green financial field of the Guangdong -Hong Kong -Macao Greater Bay Area, and demonstrated the results of the series of standards.

The Municipal Local Financial Supervision Bureau stated that it will focus on improving the green financial information interoperability sharing mechanism in the Greater Bay Area, exploring and formulating the unified green financial standards of the Greater Bay Area, and strengthening the training of green financial talents in the Greater Bay Area. Create the Guangdong -Hong Kong -Macao Greater Bay Area into a global benchmark green financial bay area.

(Author: Shen Yong, a reporter from Shenzhen Special Economic Zone)

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