Nansha salon advances digital finance opening-up initiatives

The 11th CF40 Nansha Financial Salon took place in Guangzhou's Nansha district on Jan 12. The event, hosted by the China Finance 40 Forum, the China Finance 40 Institute, and the Digital Finance Research Center of Peking University, was co-sponsored by the New Finance Alliance.

Drawing insights from localized research, the salon released a report emphasizing that the Guangdong-Hong Kong-Macao Greater Bay Area has the potential to foster cooperation and innovation in cross-border regulations. The legal frameworks, systems, philosophies, and rules within the Greater Bay Area create an optimal environment for collaborative cross-border regulatory initiatives and experimentation in China.

Furthermore, the report underscores the significance of advancing high-standard opening up in digital finance. It advocates for the provision of more convenient payment methods for foreigners, expanding the application scenarios for digital yuan, and optimizing the business environment for foreigners.

China's breakthroughs in financial and related sectors serve as valuable lessons for many developing countries, with the report suggesting that China leverages the Belt and Road initiative as a starting point to propel the development of its digital financial enterprises.

China Finance 40 Institute.[Photo/WeChat account: nanshafabu]