Opinions on Financial Support for Nansha, Guangzhou to Deepen Comprehensive Cooperation among Guangdong, Hong Kong and Macao with a Global Outlook

Notice on Issuing the Plan for Implementing the "Opinions on Financial Support for Nansha, Guangzhou to Deepen Comprehensive Cooperation among Guangdong, Hong Kong and Macao with a Global Outlook" Jointly Issued by People's Government of Guangzhou Municipality, Guangdong Province Branch of People's Bank of China, Guangdong Bureau of the National Financial Regulatory Administration (NFRA), Guangdong Bureau of China Securities Regulatory Commission, Guangdong Branch of State Administration of Foreign Exchange

Document No. 220 (2025), Guangzhou Municipal Government

To People's Governments of all Districts, all Departments and directly affiliated institutions of the Guangzhou Municipal Government, all financial institutions, and all local financial organizations:

To implement the Opinions on Financial Support for Nansha, Guangzhou to Deepen Comprehensive Cooperation among Guangdong, Hong Kong and Macao with a Global Outlook (PBC Doc No. 72 (2025)) Jointly Issued by the People's Bank of China (PBC), the National Financial Regulatory Administration (NFRA), the China Securities Regulatory Commission (CSRC), the State Administration of Foreign Exchange (SAFE) and the People's Government of Guangdong Province, the People's Government of Guangzhou Municipality, PBC Guangdong Province Branch, NFRA Guangdong Supervision Bureau, CSRC Guangdong Supervision Bureau, SAFE Guangdong Branch have jointly formulated the Plan for Implementing the "Opinions on Financial Support for Nansha, Guangzhou to Deepen Comprehensive Cooperation among Guangdong, Hong Kong and Macao with a Global Outlook". The Plan is hereby issued to you for implementation. Any problems encountered during the implementation shall be reported directly to the Financial Office of the CPC Guangzhou Municipal Committee.

The People's Government of Guangzhou Municipality

PBC Guangdong Province Branch

NFRA Guangdong Supervision Bureau

CSRC Guangdong Supervision Bureau

SAFE Guangdong Branch

August 8, 2025

The Plan for Implementing the "Opinions on Financial Support for Nansha, Guangzhou to Deepen Comprehensive Cooperation among Guangdong, Hong Kong and Macao with a Global Outlook"

We will further implement the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, the Overall Plan for Promoting Comprehensive Cooperation among Guangdong, Hong Kong and Macao by Further Deepening Opening-up in Nansha District of Guangzhou (State Council Document No.13 (2022)), and the "Opinions on Financial Support for Nansha, Guangzhou to Deepen Comprehensive Cooperation among Guangdong, Hong Kong and Macao with a global outlook" Jointly Issued by People's Bank of China, National Financial Regulatory Administration (NFRA), China Securities Regulatory Commission (CSRC), State Administration of Foreign Exchange (SAFE) and People's Government of Guangdong Province (PBC Letter NO. 72 (2025)).

In accordance with the decisions and arrangements of the CPC Central Committee and the State Council, as well as the requirements of the CPC Guangdong Provincial Committee and the People's Government of Guangdong Province, we adhere to the principle of "based in the Greater Bay Area, collaborating with Hong Kong and Macao, and embracing a global outlook". We will step up the financial support for the development of Nansha, enhancing Nansha’s role as a driving force for high-quality development in the Guangdong-Hong Kong-Macao Greater Bay Area. To develop Nansha into a pilot and demonstration window for the opening-up of China’s financial industry, a functional cluster for financial innovation, and a key node of the international financial hub in the Guangdong - Hong Kong - Macao Greater Bay Area, the following measures are formulated.

Ⅰ. Improving Financial Services for Innovation and Entrepreneurship, and Supporting the Development of Collaborative Bases for Science and Technology Innovation Industry

(Ⅰ) Support for the Development of the Science and Technology Innovation Industry

1. Steadily promoting Nansha-based financial institutions to innovate bill discounting products and increase bill financing support on the premise of law compliance and risk control. 2. Relevant authorities shall advance the upgrading of intellectual property (IP) financial services in conjunction with the comprehensive pilot project of the IP financial ecosystem, and further implement the pilot program of IP securitization. It is crucial to strengthen the diversified IP financial services to meet the diverse needs of innovation-oriented enterprises. (Responsible Departments: People's Government of Nansha District, Guangzhou Municipal Administration for Market Regulation, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Science and Technology, PBC Guangdong Province Branch, NFRA Guangdong Supervision Bureau, and CSRC Guangdong Supervision Bureau)

2. Further advancing the initiative of "Benefiting Enterprises and Achieving Win-Win Situation". Banking institutions within the jurisdiction are encouraged to deepen cooperation with external investment institutions while ensuring effective risk control. They are also encouraged to promote new business models such as "loan + external direct investment", advance the earlier integration of financial services into the life cycle of technology enterprises, and explore feasible approaches to offset credit risks with investment returns. Commercial banks shall be supported to establish specialized sci-tech financial institutions, such as sci-tech branches in Nansha, and explore the hybrid equity-debt financing models like warrant-linked loans through these sci-tech branches. It is proposed to create a "white list" within sci-tech sub-branches for enterprises that have received investment from the government-guided funds of Guangzhou Municipality and Nansha District, promoting the integrated application of loans, equity investments, guarantees and leases, so as to provide enterprises with comprehensive financial services throughout their entire life cycle. (Responsible Departments: Financial Office of the CPC Guangzhou Municipal Committee, PBC Guangdong Province Branch, Nansha District Government, Guangzhou Municipal Bureau of Science and Technology, Guangzhou Municipal Industry and Information Technology Bureau, and NFRA Guangdong Supervision Bureau)

3. Encouraging domestic insurance institutions to establish private equity investment funds in Nansha, and promoting the "venture capital entering Guangzhou" initiative. Insurance institutions are encouraged to utilize the capital of sci-tech innovation enterprises and make more effort in industry-finance match-making activities for insurance funds. Subject to laws and regulations, insurance institutions are supported to invest in sci-tech innovation enterprises through bonds, stocks, unlisted equities and other means. (Responsible Units: Financial Office of the CPC Guangzhou Municipal Committee, Nansha District Government, Guangzhou Municipal Bureau of Science and Technology, and NFRA Guangdong Supervision Bureau)

(Ⅱ) Support for the Development of the High-End Manufacturing Industry

4. The list of key generic technologies for Nansha's major industries shall be researched and formulated, and the government-guided funds shall be steadily expanded. We shall encourage more cooperative sub-funds to be set up in Nansha, while guiding high-quality capital to invest in major targeted industries that are aligned with Nansha's industrial orientation. (Responsible Departments: Nansha District Government, Guangzhou Municipal State-owned Assets Supervision and Administration Commission (SASAC), Guangzhou Municipal Bureau of Science and Technology, Guangzhou Municipal Industry and Information Technology Bureau)

5. Efforts shall be made to promote the connection of financial institutions and core enterprises in the manufacturing supply chain to the Accounts Receivable Financing Service Platform of the Credit Reference Center of the People's Bank of China. The platform's accounts receivable verification mechanism will be fully utilized to enhance information sharing, thereby facilitating accounts receivable financing for manufacturing supply chain enterprises. (Responsible Departments: Nansha District Government, PBC Guangdong Province Branch, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Industry and Information Technology Bureau)

6. Qualified manufacturing enterprises, sci-tech innovation enterprises, and equity investment institutions in Nansha shall be supported in issuing sci-tech innovation bonds and notes in the inter-bank market and on the Shanghai, Shenzhen, and Beijing Stock Exchanges. Financial institutions are encouraged to develop more credit enhancement tools for sci-tech innovation bonds to accurately meet the actual financing needs of sci-tech innovation enterprises. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, PBC Guangdong Province Branch, Guangzhou Municipal Bureau of Science and Technology, Guangzhou Municipal Industry and Information Technology Bureau, and CSRC Guangdong Supervision Bureau)

7. The "two markets and two types of resources" (namely, the domestic and international markets, and domestic and foreign resources) shall be fully leveraged to facilitate more high-quality strategic emerging enterprises in Nansha—engaged in areas such as sci-tech innovation, marine industries, future-oriented industries, and the digital industry—to be listed and raise funds both domestically and overseas. Securities companies are encouraged to provide proactive and comprehensive advisory services at early stage. In conjunction with Nansha's "Kunpeng Program", training sessions will be organized in cooperation with major domestic stock exchanges to provide tailored guidance to qualified enterprises—including technology firms that have achieved breakthroughs in core technologies, innovation and entrepreneurship enterprises, and "specialized, refined, distinctive, and innovative" small and medium-sized enterprises—on preparing for and applying for listing. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Science and Technology, Guangzhou Municipal Bureau of Industry and Information Technology, and CSRC Guangdong Supervision Bureau)

(Ⅲ) Support for the Development of the Digital Industry

8. Efforts should be made to attract investment in key digital service institutions focusing on blockchain and artificial intelligence (AI), and high-quality local digital service institutions shall be incubated. Enterprises in the digital industry are encouraged to strengthen cooperation with financial institutions in Nansha to expand integrated applications in financial scenarios. Support will be provided for establishing institutions in Nansha, such as data computing power centers, R&D and certification centers, testing and evaluation centers, and regulatory platforms, which facilitate the integrated application of key digital technologies like blockchain and AI within financial scenarios. (Responsible Departments: Nansha District Government, Guangzhou Municipal Bureau of Government Services and Data, Guangzhou Municipal Office of Investment and Development Commission)

9. The Data Exchange will be encouraged to enhance their comprehensive services for data circulation and trading, to collaborate with financial institutions, credit reference agencies, and other entities in innovating data-driven financial products, and to strengthen cooperation with licensed digital asset trading platforms in Hong Kong. Support will be given to initiatives studying and developing a mutually recognized cross-border digital asset regulatory framework between the two jurisdictions, along with pilot projects for its implementation, thereby fostering innovation in digital asset trading service models. (Responsible Departments: Guangzhou Data Exchange, Guangzhou Municipal Bureau of Government Services and Data, Cyberspace Affairs Office of the CPC Guangzhou Municipal Committee, Financial Office of the CPC Guangzhou Municipal Committee, Nansha District Government, and PBC Guangdong Province Branch)

(Ⅳ)Support for the Development of Marine Industries and Future-Oriented Industries

10. Financial institutions shall be guided to formulate risk assessment mechanisms based on the distinctive features of the industry, provide diversified financial products, and increase support for Nansha's marine industry, commercial aerospace, and full-domain unmanned industry, in accordance with relevant laws and under effective risk control. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Development and Reform Commission, Guangzhou Municipal Bureau of Science and Technology, Guangzhou Municipal Industry and Information Technology Bureau, Guangzhou Municipal Bureau of Planning and Natural Resources, Guangzhou Municipal Port and Shipping Bureau, and PBC Guangdong Province Branch)

11. Private equity funds shall be encouraged to invest in high-tech marine industries, and financial services shall be enhanced for major marine infrastructure projects, marine-related enterprises, and other related fields. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Planning and Natural Resources, Guangzhou Municipal Industry and Information Technology Bureau, Guangzhou Municipal Port and Shipping Bureau, and PBC Guangdong Province Branch)

12. It is imperative to increase the supply of marine insurance and encourage insurance companies to innovate the services for traditional marine insurance products, develop insurance products for emerging marine industries (such as marine ranching insurance) in accordance with market-oriented principles, and increase support for the development of the marine economy. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Planning and Natural Resources, Guangzhou Municipal Port and Shipping Bureau, and NFRA Guangdong Supervision Bureau)

(Ⅴ) Support for Youth Innovation and Entrepreneurship

13. Efforts shall be focused on improving the policy support system for Hong Kong and Macao youth entrepreneurship. We shall improve the policy briefings and services, enhance the convenience and effectiveness of policy implementation, facilitating more Hong Kong and Macao residents as well as enterprises established in Nansha's youth entrepreneurship platforms to benefit from local support policies such as interest subsidies for start-up loans and loan risk compensation, which help enhance the sense of gain among Hong Kong and Macao residents. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Human Resources and Social Security, and PBC Guangdong Province Branch)

14. Commercial banks in Nansha are encouraged to further enhance service facilitation, including by opening green channels for Hong Kong and Macao residents to access banking services, and opening bank settlement accounts for Hong Kong and Macao youth entrepreneurs. (Responsible Departments: PBC Guangdong Province Branch, Financial Office of the CPC Guangzhou Municipal Committee, and Nansha District Government)

15. It is essential to fully promote and implement the preferential individual income tax policies for Hong Kong and Macao residents in Nansha District. Financial institutions in Nansha are encouraged to employ financial professionals especially from Hong Kong and Macao. Furthermore, collaboration shall be enhanced with universities in the Greater Bay Area to implement the "Qing Chu Yu Nan" (Emerging Talents from Nansha) Talent Gathering Initiative, engaging more young people with financial institutions through youth internship programs and university recruitment programs. (Responsible Departments: Nansha District Government and Financial Office of the CPC Guangzhou Municipal Committee, Foreign Affairs Office of the CPC Guangzhou Municipal Committee [Hong Kong and Macao Affairs Office of the CPC Guangzhou Municipal Committee], and Guangzhou Municipal Bureau of Human Resources and Social Security)

II. Strengthening Financial Services in Social and Public Welfare Sectors and Supporting the Establishment of a New Urban Benchmark for High-Quality Development

(Ⅵ) Facilitation of Cross-Border Payment Services

16. Banks participating in the agent-based witness account opening business for Hong Kong and Macao residents shall be encouraged to expand their service network to Nansha District. Continuous optimization of the agent-based witness account opening process for Hong Kong and Macao residents is required to enhance service accessibility and convenience. (Responsible Departments: PBC Guangdong Province Branch, Nansha District Government, and Financial Office of the CPC Guangzhou Municipal Committee)

17. While effectively verifying customers’ identity and ensuring effective risk control, relevant institutions shall explore the application of technologies such as online video, facial recognition, and electronic signatures. Support shall be provided for Hong Kong and Macao residents living or working in Nansha to open and activate credit cards online in an orderly manner, so as to offer convenient credit card services. (Responsible Departments: NFRA Guangdong Supervision Bureau, Financial Office of the CPC Guangzhou Municipal Committee)

18. Cooperation among banks, non-bank payment institutions, and clearing institutions, shall be supported. Payment institutions shall be assisted in expanding their business and clients' network in compliance with regulations, to offer cross-border payment services in accordance with the laws and regulations. Banks are encouraged to enhance service effectiveness and convenience by utilizing electronic transaction information. (Responsible Departments: PBC Guangdong Province Branch, Financial Office of the CPC Guangzhou Municipal Committee)

19. The pilot program for the e-CNY shall be further advanced, with its application in Nansha to be progressively expanded. Priority shall be given to extending its use in key scenarios including consumption, tourism, medical care, education, shipping, bulk commodity trading, and cross-border trade. Enterprises are encouraged to use mBridge platform in cross-border transactions with the Guangdong-Hong Kong-Macao Greater Bay Area and countries along the "Belt and Road". Concurrently, banking institutions shall be guided to optimize projects and functions related to the application of the mBridge, aiming to gradually diversify its application in scenarios such as foreign exchange transactions and trade financing. (Responsible Departments: PBC Guangdong Province Branch, Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and Relevant Member Units of the Leading Group for the E-RMB Pilot Program of Guangzhou Municipality)

(Ⅶ) Facilitation of Cross-Border Credit Financing

20. Banks in Nansha, Hong Kong, and Macao are encouraged to enhance cooperation with market-oriented credit reference agencies. Access to corporate credit information of mutual clients through such agencies shall be facilitated to promote the development of cross-border corporate loan business among the three regions. (Responsible Departments: PBC Guangdong Province Branch, Financial Office of the CPC Guangzhou Municipal Committee, Cyberspace Affairs Office of the CPC Guangzhou Municipal Committee, and Nansha District Government)

21. Complied with relevant laws and regulations and under secure and controllable conditions, commercial banks with branches in Nansha, Hong Kong, and Macao shall be promoted to conduct pilot programs for cross-border internal data flow. These pilots shall focus on financial business scenarios including cross-border payment, cross-border remittance, corporate credit, and individual customer relationship development. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, Cyberspace Affairs Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Government Services and Data, NFRA Guangdong Supervision Bureau, and PBC Guangdong Province Branch)

22. Qualified Hong Kong-funded or Macao-funded commercial banks in Nansha shall be guided to establish proper system connectivity with their parent banks (head offices) in Hong Kong or Macao, improving their internal control systems, and exploring a "usable but invisible" model of cross-border data flow. Furthermore, with the consent of the relevant individuals, the lawful sharing of credit information pertaining to the same Hong Kong or Macao residents, as held by their parent banks, shall be enabled. This aims to provide better financial services including credit service to Hong Kong and Macao residents living and working in Nansha. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, Cyberspace Affairs Office of the CPC Guangzhou Municipal Committee, NFRA Guangdong Supervision Bureau, and PBC Guangdong Province Branch)

(Ⅷ) Facilitation of Practice for International Professionals

23. Continuous efforts shall be made to optimize the mutual recognition mechanisms for professional qualifications in fields such as finance and law among Nansha, Hong Kong, and Macao. Research shall be conducted in higher-level pilot programs to facilitate the cross-border practice of securities, fund, and futures practitioners from Hong Kong and Macao in Nansha. Measures under consideration include exempting overseas financial practitioners from professional subject exams, simplifying practice registration procedures, and exploring ways to increase examination arrangements in Nansha for non-Mainland professionals. Furthermore, provided that industry regulatory requirements are met, their work experience outside Chinese Mainland may be recognized as equivalent to domestic experience. In this way, the non-Mainland professionals are supported in the practice registration process. (Responsible Departments: Guangzhou Municipal Bureau of Human Resources and Social Security, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Justice, Nansha District Government, CSRC Guangdong Supervision Bureau, and NFRA Guangdong Supervision Bureau)

24. Support shall be extended to large domestic and overseas financial institutions for establishing training centers in Nansha, with efforts intensified to put the HSBC Global Training Center into operation. The establishment of postdoctoral research stations in finance shall also be promoted. By leveraging institutions of higher education and think tanks across Guangdong, Hong Kong, and Macao, and in response to the practical needs of financial institutions in Nansha District, we shall cultivate and develop a talent pool of interdisciplinary financial professionals in fields such as green finance, fintech, cross-border finance and futures. (Responsible Departments: Nansha District Government and Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Education, Guangzhou Municipal Bureau of Human Resources and Social Security, Guangzhou Municipal Office of Investment and Development Commission, and Guangzhou Emissions Exchange)

III. Developing Specialized Financial Services and Improving the Modern Financial Industry System

(Ⅸ) Innovation in Green Finance Services for Low-Carbon Development

25. The Guangzhou Futures Exchange (GFEX) shall be supported in researching electricity futures. Efforts shall be made to secure support from the National Development and Reform Commission (NDRC), China Securities Regulatory Commission (CSRC) and other authorities, for the timely launch of electricity futures. Additional new energy futures products shall be studied and introduced. (Responsible Departments: Guangzhou Futures Exchange, Guangzhou Municipal Development and Reform Commission, Guangzhou Municipal Industry and Information Technology Bureau, and Financial Office of the CPC Guangzhou Municipal Committee)

26. Building on the Sui Tan Platforms (carbon emission related platforms established by the Guangzhou government), Nansha’s strengths in carbon-related data mining, collection, and accounting shall be leveraged to accelerate the development of a carbon account system and mechanisms for carbon accounting capabilities. Support shall be provided to green enterprises in Nansha—such as the Guangzhou Nansha Guangdong-Hong Kong-Macao Greater Bay Area Climate Finance and Investment Center—for jointly establishing cooperative mechanisms on green inclusive finance with financial institutions. Mechanisms including risk compensation and credit enhancement shall be effectively utilized to guide financial institutions in providing differentiated credit support for green projects, low-carbon transition projects, and climate-friendly enterprises (projects). (Responsible Departments: Nansha District Government, Guangzhou Municipal Development and Reform Commission, PBC Guangdong Province Branch, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Ecology and Environment, Guangzhou Municipal Industry and Information Technology Bureau, and Guangzhou Emissions Exchange)

27. Enterprises in Nansha District are encouraged to proactively disclose climate information and Environmental, Social, and Governance (ESG) information. Financial institutions in Nansha shall be supported in integrating sustainable evaluation factors, such as ESG assessment, into the entire process, including due diligence, investment decision-making, and post-investment management. Furthermore, financial institutions shall be guided to conduct sustainable information disclosure in alignment with the latest international and domestic standards. (Responsible Departments: Nansha District Government, Guangzhou Municipal Bureau of Ecology and Environment, Financial Office of the CPC Guangzhou Municipal Committee, and PBC Guangdong Province Branch)

28. Pre-evaluation of green buildings shall be conducted. Financial institutions are encouraged to provide more financing support for green buildings, while support shall be extended to the upstream and downstream industries related to green building materials, including R&D of relevant technologies, equipment, and processes, as well as planning and design, survey and testing, and certification services. Insurance institutions are also encouraged to develop green building quality insurance services. (Responsible Departments: Guangzhou Municipal Bureau of Housing and Urban-Rural Development, Financial Office of the CPC Guangzhou Municipal Committee, Nansha District Government, and PBC Guangdong Province Branch)

29. Cooperation with Hong Kong Exchanges and Clearing Limited (HKEX) and Macao Exchange shall be strengthened. Specialized training on green bond issuance in Hong Kong and Macao shall be organized, and collaboration shall be undertaken with Hong Kong and Macao financial institutions to provide guidance for enterprises issuing green bonds. Measures shall be taken to facilitate enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area to issue green and sustainable bonds in Hong Kong and Macao through means such as establishing a Special Purpose Vehicle (SPV) in Nansha. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, PBC Guangdong Province Branch, and SAFE Guangdong Branch)

30. Nansha shall be supported in positioning its role as a national climate finance and investment pilot and in establishing a Guangdong-Hong Kong-Macao Greater Bay Area climate finance and investment platform. Engagement with institutions in Hong Kong and Macao shall be enhanced to promote the in-depth integration of standards and rules for climate finance and investment in the Greater Bay Area. (Responsible Departments: Nansha District Government, Guangzhou Municipal Bureau of Ecology and Environment, and Financial Office of the CPC Guangzhou Municipal Committee)

31. A list of enterprises consuming green electricity shall be formulated, enabling financial institutions to provide green financing support to enterprises on the list. (Responsible Departments: Nansha District Government, Guangzhou Municipal Development and Reform Commission, Guangzhou Municipal Industry and Information Technology Bureau, Financial Office of the CPC Guangzhou Municipal Committee, and PBC Guangdong Province Branch)

32. Leveraging the national climate finance and investment pilot zones and the support policies of Nansha District, we shall cultivate and attract domestic and international green certification institutions to be set up in Nansha. The green certification institutions shall be incorporated into the Guangdong-Hong Kong-Macao Greater Bay Area climate finance and investment platform. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Office of Investment and Development Commission, and Guangzhou Emissions Exchange)

(Ⅹ) Development of Future-Oriented Digital Finance Businesses

33. Legally compliant support shall be provided for the development of generative AI large models and its application in financial-sector. Fintech enterprises and AI enterprises are supported in settling in Nansha. Financial institutions in Nansha are encouraged to collaborate with fintech companies, AI companies, market-oriented credit reference agencies, and similar entities for the active R&D of products or systems such as intelligent credit, investment, and risk control; thereby enhancing intelligent financial services. (Responsible Departments: Nansha District Government, Guangzhou Municipal Development and Reform Commission, Financial Office of the CPC Guangzhou Municipal Committee, and PBC Guangdong Province Branch)

34. Establishing a research think tank for digital finance development. Support shall also be extended to enterprises and financial institutions in advancing cross-border cooperation on digital finance projects. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and PBC Guangdong Province Branch)

(ⅩI) Development of Maritime Finance Businesses Serving the Construction of International Shipping Hub

35. Shipping enterprises shall be guided and encouraged to adopt RMB for pricing and settlement of international ocean freight. Efforts shall be made to facilitate the inclusion of qualified shipping and logistics enterprises in the List of High-Quality Enterprises for the High-Level Facilitation Pilot. (Responsible Departments: PBC Guangdong Province Branch, Guangzhou Municipal Port and Shipping Bureau, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Commerce, and Nansha District Government)

36. Complied with the regulations, insurance institutions shall be supported in leveraging Nansha's geographical advantages in shipping to actively develop businesses such as shipping insurance and shipping reinsurance. They are encouraged to research and develop innovative shipping insurance products, and accelerate the growth of the shipping insurance sector, thereby contributing to the development of the Guangdong-Hong Kong-Macao Greater Bay Area. (Responsible Departments: Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Commerce, Guangzhou Municipal Port and Shipping Bureau, Nansha District Government, and NFRA Guangdong Supervision Bureau)

37. Support shall be provided for Guangzhou Shipping Exchange and Guangzhou Shipping Joint Transaction Center; and for expanding cross-border shipping trading business in collaboration with Hong Kong and Macao. The Guangzhou Shipping Exchange shall be supported in innovating shipping financial services and in cooperating with financial institutions to build a "shipping data × finance" shipping service system. Financial institutions are encouraged to provide efficient and convenient financial services for shipping enterprises, such as fund settlement, deposit, and financing. (Responsible Departments: Guangzhou Shipping Exchange, Guangzhou Municipal Port and Shipping Bureau, Financial Office of the CPC Guangzhou Municipal Committee, PBC Guangdong Province Branch, and SAFE Guangdong Branch)

(Ⅻ) Acceleration of the Construction of the Guangdong-Hong Kong-Macao Greater Bay Area (Guangzhou Nansha) Cross-Border Asset Management Center.

38. Eligible, high-quality securities companies shall be supported in obtaining publicly offered fund business qualifications and settling in Nansha through means such as establishing new entities or mergers and acquisitions. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and CSRC Guangdong Supervision Bureau)

39. Qualified institutions in Nansha, including commercial banks, securities companies, publicly offered fund management institutions, fund subsidiaries, and third-party sales agencies shall be supported in applying for the qualification of fund investment advisor or in establishing subsidiaries dedicated to this business. Institutions that have obtained such a qualification shall be further supported in pursuing industry-university-research cooperation with entities in fintech, artificial intelligence, and higher education to promote the application of AI technologies within the fund advisory industry and to foster a diversified investment advisory ecosystem. Adequate attention shall be paid to the training of practitioners and investor education. (Responsible Departments: Financial Office of the CPC Guangzhou Municipal Committee, Nansha District Government, and CSRC Guangdong Supervision Bureau)

40. Engagement with multinational corporations shall be strengthened. Continuous efforts shall be devoted to enhancing the business environment and ensuring effective on-the-ground services, with the aim of facilitating the establishment of headquarters-type institutions in Nansha—such as global or regional treasury management centers—by multinational corporations. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Commerce, and Guangzhou Municipal Office of Investment and Development Commission)

41. The pilot program for the Cross-border Wealth Management shall be advanced steadily. Qualified financial institutions shall be supported in applying for the qualification of the pilot Cross-border Wealth Management program. Sophisticated pilot financial institutions are encouraged to increase their number of overseas partner banks to broaden service coverage. Policies for optimizing the pilot program shall be continuously studied, including further lowering the thresholds and enhancing cross-border service capabilities, so as to promote the use of RMB in cross-border investment. (Responsible Departments: PBC Guangdong Province Branch, NFRA Guangdong Supervision Bureau, CSRC Guangdong Supervision Bureau, and Financial Office of the CPC Guangzhou Municipal Committee)

(XIII) Innovation and Development of International Leasing and Factoring Businesses

42. Qualified commercial factoring companies shall be encouraged to explore and develop international factoring business in compliance with laws and regulations. Such companies shall be supported in handling commercial factoring business based on genuine international trade backgrounds, provided that the requirement for consistency between import/export transactions and foreign exchange receipts and payment. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and SAFE Guangdong Branch)

43. Qualified domestic institutions that require paying foreign currency rent for domestic operational leases shall be supported in using their self-owned foreign exchange revenue to make such payments to leasing companies established in Nansha for domestic operational leases (covering aircraft, ships, and large-scale equipment). (Responsible Departments: Nansha District Government, SAFE Guangdong Branch, Financial Office of the CPC Guangzhou Municipal Committee, and Guangzhou Municipal Port and Shipping Bureau)

44. Qualified financial leasing companies shall be supported in establishing project companies in Nansha. They shall also be permitted to make loans in foreign currency to these project companies. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, NFRA Guangdong Supervision Bureau, and SAFE Guangdong Branch)

45. With laws and regulations being abided by, restrictions on capital for overseas financing for ships and aircraft shall be removed. Special purpose vehicles (SPVs) shall be permitted to share the unused foreign debt quotas of their parent companies for overseas loans. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and SAFE Guangdong Branch)

46. Qualified financial leasing companies, commercial leasing companies, and commercial factoring companies in Nansha shall be encouraged to access the Financial Credit Information Basic Database. Guidance on the access process shall be strengthened to improve the accessing efficiency (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, PBC Guangdong Province Branch, and NFRA Guangdong Supervision Bureau)

47. Nansha shall be encouraged to enhance policy support for the key leasing sectors, including aircraft, ships, and large-scale equipment, improving the organizational guarantees. It is suggested to establish a Guangzhou Municipal-level coordination mechanism for the financial leasing industry, with the goal of transforming Nansha into an internationally competitive leasing industry cluster. (Responsible Departments: Nansha District Government, and Financial Office of the CPC Guangzhou Municipal Committee)

IV. Advancing the Connectivity of Financial Markets among Guangdong, Hong Kong and Macao and Accelerating the Development of a Cluster for Rule Alignment and Mechanism Coordination

(XIV) Exploration of Fund Settlement Policies Suitable for the Development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA)

48. Enhancing the overall functionality of the Free Trade Account system. Pilot banks shall be supported to digitalize the FTA Account services, expand digital service coverage, optimize the identification rules for high-quality enterprises in FTA Account business, and simplify the account opening procedures as well as the cross-border capital verification rules. The scope of pilot banks for Free Trade Accounts shall be expanded in an orderly manner. (Responsible Departments: PBC Guangdong Province Branch, and Financial Office of the CPC Guangzhou Municipal Committee)

49. Financial institutions in Nansha District shall be supported in fully utilizing FTA Accounts and accounts for overseas institutions within the mainland to provide overseas institutions with comprehensive financial services such as international settlement, transactions, global credit granting, and cross-border fund management, thereby offering more convenient fund services to overseas entities. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and PBC Guangdong Province Branch)

(XV) Establishment of Trading Rules for Futures and Spot Markets Facilitating Domestic and International Linkage

50. The Guangzhou Futures Exchange shall be supported in launching cross-border cooperative futures products with the Hong Kong Exchanges and Clearing Limited (HKEX). Full participation of Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) in the trading GFEX-listed futures products shall be promoted. New models for international cooperation on futures products shall also be found. (Responsible Departments: Guangzhou Futures Exchange, Financial Office of the CPC Guangzhou Municipal Committee, and Nansha District Government)

51. Preparing for the inclusion of the listed futures products into specific futures products. The Guangzhou Futures Exchange shall be supported in steadily and orderly incorporating its listed futures and options products into the designated list for opening-up. (Responsible Departments: Guangzhou Futures Exchange, and Financial Office of the CPC Guangzhou Municipal Committee)

52. Nansha shall be supported in building a commodity futures delivery center. Efforts shall be made to promote the clustering of relevant market entities in Nansha, including futures companies, risk management subsidiaries, delivery warehouses (factory warehouses) of spot enterprises, and extended storage areas. Continuous improvement shall be made to the integrated industrial service system covering both futures and spot markets. (Responsible Departments: Nansha District Government, and Financial Office of the CPC Guangzhou Municipal Committee)

(XVI) Establishment of Trading Rules Facilitating Cross-Border Insurance Business

53. With the regulatory provisions and foreign exchange management policies, banking institutions shall be promoted to provide after-sales services of cross-border insurance, namely,  providing cross-border fund remittance services—such as premium renewal, policy surrender, and claim settlement—to residents of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) who are legally insured in Hong Kong or Macao, thereby enhancing the facilitation of insurance services within the GBA. (Responsible Departments: Financial Office of the CPC Guangzhou Municipal Committee, Nansha District Government, NFRA Guangdong Supervision Bureau, PBC Guangdong Province Branch, and SAFE Guangdong Branch)

54. With laws, regulations, and the regulatory requirements being abided by, insurance institutions from Guangdong, Hong Kong, and Macao shall be supported in cooperating to develop specialized cross-border insurance products, including commercial medical insurance, commercial annuity insurance, and cross-border vehicle insurance. Taking scenarios such as tourism and healthcare as starting points, such institutions shall also be supported in jointly exploring cross-border insurance services. (Responsible Department: NFRA Guangdong Supervision Bureau, Financial Office of the CPC Guangzhou Municipal Committee, and Nansha District Government)

(XVII) Establishment of Institutional Arrangements Facilitating Cross-Border Equity Investment Business

55. Nansha shall be supported in launching a pilot program to facilitate cross-border equity investment. The management measures for Qualified Foreign Limited Partners (QFLP) shall be optimized, the application process streamlined, and the investment scope of funds further expanded. Foreign exchange balance management shall be implemented, allowing flexible and independent allocation to enhance attractiveness to overseas capital. (Responsible Departments: Financial Office of the CPC Guangzhou Municipal Committee, Nansha District Government, CSRC Guangdong Supervision Bureau, and SAFE Guangdong Branch)

56. It is suggested to embed the application portal for pilot programs of cross-border equity investment—such as QFLP (Qualified Foreign Limited Partner) and QDLP (Qualified Domestic Limited Partner)—to the government service platforms of Guangzhou Municipality or Nansha District. The digitalization level of existing platforms shall be enhanced, and information services—including policy interpretation—shall be provided to the applicants. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and Guangzhou Municipal Bureau of Government Services and Data)

V. Pursuing Cross-Border Financial Innovation and Exchange for Building a High-Standard Gateway for Opening-Up

(XVIII) Expansion of the Opening-up in the Financial Sector

57. It is suggested to seek the support and guidance from national financial regulatory authorities to accelerate the establishment of the GBA International Commercial Bank in Nansha. (Responsible Departments: Financial Office of the CPC Guangzhou Municipal Committee, Nansha District Government, NFRA Guangdong Supervision Bureau, and PBC Guangdong Province Branch)

58. It is encouraged to attract institutions such as overseas sovereign wealth funds (SWFs), high-quality family offices (FOs), and venture capital (VC) firms to establish a presence in Nansha. Qualified overseas investment institutions shall be supported in cooperating with domestic capital to establish private equity funds, or in applying for registration as private fund managers or in establishing direct investment companies, thereby enabling their expansion into the mainland market in accordance with the law. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and Guangzhou Municipal Office of Investment and Development Commission)

59. Qualified Hong Kong and Macao investors shall be supported in applying, in accordance with the law, for the establishment of securities companies, fund management companies and fund trading companies, as well as in acquiring stakes in or holding controlling interests in mainland futures companies. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Office of Investment and Development Commission, and CSRC Guangdong Supervision Bureau)

60. High-standard platforms—including Nansha International Finance Island, the Pearl Financial Innovation Cluster, and the Futures Industry Park—shall be developed. Newly established financial institutions in Guangzhou shall be supported in settling in Nansha, and vigorous efforts shall be made to attract overseas institutions, especially private equity funds, financial leasing firms, fintech companies, and enterprises in the futures industry chain from Hong Kong and Macao. Transportation accessibility and the supportive facilities shall be improved, and high-quality working space shall be provided for the cross-border office operations of overseas and Hong Kong/Macao financial institutions. (Responsible Departments: Nansha District Government)

(XIX) Advancing the Innovation in Cross-Border RMB Business

61. More convenient fund settlement measures for trade in goods and services shall be implemented in Nansha. Policies on facilitating RMB settlement for trade and investment shall be further implemented. The pilot program for higher-level facilitation of RMB settlement in trade and investment shall be promoted to increase participant numbers and expand scope. Based on the the "Three Principles for Due Diligence in Business Operations" ("Know Your Customer (KYC)", "Know Your Business (KYB)", and "Due Diligence (DD)"), banks may directly handle cross-border RMB settlement for trade in goods and services for high-quality enterprises upon receiving their payment/receipt instructions, while continuously optimizing the identification standards and adjustment mechanism for the high-quality enterprise list. (Responsible Departments: PBC Guangdong Province Branch, Financial Office of the CPC Guangzhou Municipal Committee, and Nansha District Government)

62. The launch of a pilot program in Nansha for canceling special deposit accounts for FDI RMB capital shall be promoted. Provided that fund usage complies with regulations and transactions are traceable, settlement banks may directly process RMB capital account crediting and settlement business for qualified foreign-investors in Nansha without opening a dedicated RMB capital deposit accounts. (Responsible Departments: PBC Guangdong Province Branch, Financial Office of the CPC Guangzhou Municipal Committee, and Nansha District Government)

63. Funds held in RMB bank settlement accounts opened by overseas institutions at commercial banks in Nansha District may be placed into time deposits or used to purchase certificates of deposit, subject to compliance with the corresponding interest rate agreements. (Responsible Departments: PBC Guangdong Province Branch, and Financial Office of the CPC Guangzhou Municipal Committee)

(XX) Improving the Management Mechanism for Cross-border Trade, Investment and Financing

64. Qualified enterprises engaged in new business types shall be supported in participating in the pilot program for high-level opening-up of cross-border trade and investment. Banks shall be encouraged to provide efficient and convenient cross-border fund settlement services to qualified enterprises in Nansha conducting authentic and legal new types of offshore international trade (including but not limited to offshore transfer trading, global procurement, entrusted overseas processing, and overseas procurement of goods for contracted projects) and cross-border e-commerce, with continuous improvement to be made in settlement efficiency. Prudent and compliant banks may, in accordance with regulations, handle foreign exchange receipt and payment procedures under current accounts for pilot enterprises solely based on client instructions. Banks shall further be supported in optimizing the settlement processes for new types of offshore international trade and cross-border e-commerce and in expanding the scope of netting settlement for trade receipts and payments. (Responsible Departments: Guangzhou Municipal Bureau of Commerce, Financial Office of the CPC Guangzhou Municipal Committee, and SAFE Guangdong Branch)

65. Cross-border asset transfer business shall be developed in a steady and orderly manner. Given the principles of risk controllability and prudent management, and in response to the actual business needs of Nansha District, the entities, scope, and types of cross-border asset transfer business shall be steadily expanded. Integrated management of RMB and foreign currencies for approved types of cross-border asset transfers shall be suggested. Two-way cross-border asset transfer business is also suggested, aiming to optimize the allocation of financial resources and enhance the efficiency of fund accommodation. (Responsible Departments: NFRA Guangdong Supervision Bureau, PBC Guangdong Province Branch, SAFE Guangdong Branch, Financial Office of the CPC Guangzhou Municipal Committee, and Nansha District Government)

66. Qualified major industrial enterprises in Nansha shall be supported in issuing medium- and long-term foreign debt. Efforts shall be made to coordinate with the National Development and Reform Commission (NDRC) in expediting its review and registration process for foreign debt. Efforts shall be made to strive for the NDRC’s streamlining of application materials and optimization of the review mechanism for such debt. For medium- and long-term foreign debt projects approved by the NDRC, foreign exchange registration procedures shall be simplified and the convenience of fund utilization enhanced. (Responsible Departments: Guangzhou Municipal Development and Reform Commission, Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and SAFE Guangdong Branch)

67. Fund management companies established in Nansha shall be supported in actively participating in the cross-listing of exchange-traded funds (ETFs) among domestic and overseas exchanges and in the mutual recognition of publicly offered securities investment funds between the Chinese mainland and Hong Kong, thereby providing domestic and overseas investors with more diverse investment products and channels. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and CSRC Guangdong Supervision Bureau)

68. It is suggested to further engage with relevant institutions in Hong Kong and Macao. Feasible paths for mutual recognition with Hong Kong and Macao in areas such as bond issuance mechanisms and rating standards shall be explored. Domestic enterprises shall be promoted to issue bonds—including corporate bonds, sci-tech innovation bonds, and green bonds—in Hong Kong and Macao, thereby facilitating the cross-border investment and financing for such domestic enterprises. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and Guangzhou Municipal Development and Reform Commission)

(XXI) Speeding up in Building a Comprehensive Service Base Supporting Belt and Road Initiative Cooperation

69. Advancing the development of "Going Global" the Comprehensive Service Center for Chinese Enterprises. An integrated online-offline service system for international investment and financing shall be established, with enterprise service experience to be optimized across both channels. The project connection mechanism of the above-mentioned Service Center shall be improved, providing full-chain and full-life-cycle services for enterprises’ "Going Global" initiatives. High-quality domestic enterprises shall be supported in exploring overseas markets and conducting cross-border financing. In alignment with the policy package for the Center, it shall seek the approval authority for overseas investment to be delegated to Guangzhou by the National Development and Reform Commission (NDRC), while exploring ways to achieve the "one-stop" handling of Overseas Direct Investment (ODI) business for enterprises within the district. (Responsible Departments: Nansha District Government, Guangzhou Municipal Development and Reform Commission, Guangzhou Municipal Bureau of Commerce, PBC Guangdong Province Branch, and SAFE Guangdong Branch)

70. It is encouraged to establish RMB overseas investment and lending funds in the Nansha Pilot Free Trade Zone. Active efforts shall be made to seek support from higher-level departments to expedite the filing and approval processes for overseas investment by qualified enterprises in Nansha District. Following approval for fund establishment from the relevant authorities, banks shall be supported in piloting cross-border RMB settlement services for the funds in accordance with regulations. (Responsible Departments: Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Development and Reform Commission, Nansha District Government, PBC Guangdong Province Branch, and CSRC Guangdong Supervision Bureau)

(XXII) Establishment of New Platforms for International Exchanges in the Financial Sector

71. Domestic and overseas financial institutions, organizations, and other entities shall be supported in hosting international financial activities in Nansha through market-oriented means, thereby building a platform for communication, interaction, and cooperation among financial sectors at home and abroad and continuously advancing international financial exchange and cooperation. (Responsible Departments: Nansha District Government and Financial Office of the CPC Guangzhou Municipal Committee, and Foreign Affairs Office of the CPC Guangzhou Municipal Committee [Hong Kong and Macao Affairs Office of the CPC Guangzhou Municipal Committee])

72. It is suggested to establish a communication mechanism for financial cooperation with Hong Kong and Macao. We should give full play to the role of non-governmental mechanisms such as the Consultative Committee on Guangdong-Hong Kong Co-operation (Guangzhou Nansha) and the Guangzhou Nansha Guangdong-Macao Development Promotion Association. Communication, dialogue, exchange, and cooperation with financial authorities and institutions in Hong Kong and Macao shall be strengthened. Active efforts shall be made to promote the alignment of cooperative projects and pilot programs across various sectors.  (Responsible Departments: Nansha District Government, and Foreign Affairs Office of the CPC Guangzhou Municipal Committee [Hong Kong and Macao Affairs Office of the CPC Guangzhou Municipal Committee])

73. We support chambers of commerce and associations in the financial sector of Hong Kong and Macao to establish representative offices in Nansha, with relevant office space support to be provided, thereby promoting financial cooperation and exchange among the three regions. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, and Guangzhou Municipal Office of Investment and Development Commission)

(XXIII) Institutional Opening-Up in the Financial Sector

74. Nansha shall be supported in benchmarking against high-standard international institutional rules, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economy Partnership Agreement (DEPA), and in exploring pilot programs to advance institutional opening-up in the financial sector. (Responsible Departments: PBC Guangdong Province Branch, NFRA Guangdong Supervision Bureau, CSRC Guangdong Supervision Bureau, SAFE Guangdong Branch, Nansha District Government, Guangzhou Municipal Bureau of Commerce, and Financial Office of the CPC Guangzhou Municipal Committee)

75. The management model of pre-entry national treatment plus a negative list shall be fully implemented, restrictive measures streamlined, and qualified foreign-funded institutions supported in participating in financial pilot programs. (Responsible Departments: Nansha District Government, Guangzhou Municipal Development and Reform Commission, Financial Office of the CPC Guangzhou Municipal Committee, NFRA Guangdong Supervision Bureau, CSRC Guangdong Supervision Bureau, PBC Guangdong Province Branch, and SAFE Guangdong Branch)

VI. Improving Financial Regulation and Supervision Mechanisms

(XXIV) Comprehensively Strengthening the Financial Regulation and Supervision

76. It is suggested to enhance the communication with central regulatory authorities, as well as the coordination between central and local supervision. An information sharing mechanism with their Guangdong-based offices shall be established, for cooperating in areas such as data statistics, risk prevention and control, and daily business. The unified national financial management rules must be strictly implemented, and it should be guided and supervised by the central financial management authorities. (Responsible Departments: Financial Office of the CPC Guangzhou Municipal Committee, PBC Guangdong Province Branch, SAFE Guangdong Branch, NFRA Guangdong Supervision Bureau, and CSRC Guangdong Supervision Bureau)

77. Institutional regulation, behavioral supervision, functional regulation, penetrating supervision, and continuous regulation over local financial institutions shall be strengthened. The principle of regulating both legal and, more importantly, illegal activities shall be upheld to ensure financial supervision leaves no gaps, blind spots, or exceptions. Institutions with abnormal operations shall be guided to change their names, adjust their business scopes, or voluntarily cancel registrations. Methods, including annual on-site inspections, regulatory ratings, and off-site supervision system reporting, shall be effectively utilized for daily supervision and risk prevention, thereby firmly securing the bottom line. The principle that industry supervision necessitates risk management shall be upheld. (Responsible Departments: Nansha District Government and Financial Office of the CPC Guangzhou Municipal Committee)

(XXV) Exploration of Financial Supervision Innovation and Cooperation

78. The advancement of the Guangdong-Hong Kong-Macao Greater Bay Area FinTech Innovation Supervision Cooperation shall be continued, the application of FinTech innovation supervision tools deepened, and the development of relevant innovative tools focusing on financial digitalization and intellectualization shall be prioritized. In collaboration with financial regulatory authorities of the three regions, efforts shall be made to facilitate the entry of more cross-border innovative applications into the Greater Bay Area regulatory sandbox for interconnected testing, while continuously improving the three-region sandboxes' interconnection mechanism. (Responsible Departments: PBC Guangdong Province Branch)

79. Financial regulation and supervision coordination shall be strengthened, cross-departmental and cross-regional comprehensive supervision cooperation further advanced, and banking and insurance institutions be encouraged to use AI (Artificial Intelligence) technology in customer service provision. An innovative financial regulation and supervision mechanism adapted to Nansha's development shall be established, ensuring compatibility between risk prevention and control and financial reform and innovation. Research and application of regulatory technology (RegTech) shall be intensified, and the digital and intelligent transformation of supervision vigorously advanced. Technology shall empower the systems for financial risk early warning, prevention, and resolution, thereby enhancing the uniformity, professionalism, and penetrability of FinTech supervision. (Responsible Departments: Financial Office of the CPC Guangzhou Municipal Committee, NFRA Guangdong Supervision Bureau, and CSRC Guangdong Supervision Bureau)

(XXVI) Strengthening the Financial Risk Prevention

80. The monitoring of abnormal cross-border capital flows in the Nansha Pilot Free Trade Zone shall be strengthened, and the mechanisms for financial risk prevention, early warning, and disposal shall be improved. Risk prevention and control in key areas shall be enhanced, risk disposal capabilities improved, the cross-border spread of risks prevented. The early detection, correction, and disposal of financial risks should be in place. (Responsible Departments: PBC Guangdong Province Branch, SAFE Guangdong Branch, NFRA Guangdong Supervision Bureau, CSRC Guangdong Supervision Bureau, Financial Office of the CPC Guangzhou Municipal Committee, and Nansha District Government)

81. Regulatory cooperation on anti-money laundering, counter-terrorism financing, and anti-tax evasion should be strengthened. Anti-money laundering regulatory cooperation among Guangdong, Hong Kong, and Macao shall be deepened, a cross-border financial supervision coordination mechanism explored, and the regular mechanism for AML supervision collaboration and information exchange in the Nansha Pilot Free Trade Zone continuously improved. Financial institutions within the Nansha Pilot Free Trade Zone shall be guided to improve money laundering risk management, strengthen suspicious transaction monitoring and risk prevention and control, and facilitate joint analysis and risk notification regarding cross-border money laundering risks. (Responsible Departments: PBC Guangdong Province Branch, Guangzhou Municipal Public Security Bureau, Guangzhou Customs District, Guangzhou Municipal Tax Service, NFRA Guangdong Supervision Bureau, and CSRC Guangdong Supervision Bureau)

82. The risk analysis mechanism shall be improved, and the legal risk assessment of innovative financial products and transaction models strengthened. In-depth cooperation between financial supervision authorities and people's courts at all levels shall be promoted. The joint mechanism of "financial supervision + financial judiciary" shall be further improved by building a main platform for collaborative governance, improving diversified dispute resolution, promoting joint risk prevention and governance, and enabling information and data sharing. (Responsible Departments: NFRA Guangdong Supervision Bureau, CSRC Guangdong Supervision Bureau, Guangzhou Municipal People's Court, Guangzhou Municipal Bureau of Justice, Nansha District Government, and Financial Office of the CPC Guangzhou Municipal Committee)

(XXVII) Strengthening of the Rule of Law Guarantee for Finance

83. A platform for resolving foreign-related and Hong Kong/Macao-related financial disputes within the Guangdong-Hong Kong-Macao Greater Bay Area shall be established. A professional financial industry mediation organizations shall be developed, and an international, diversified cross-border financial dispute resolution mechanism shall be built, thereby providing fair and convenient mediation and arbitration services for the financial industry in the Nansha Free Trade Zone, and enhancing its internationalized, law-based business environment. (Responsible Departments: Nansha District Government, Guangzhou Municipal People's Court, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Justice, and Guangzhou Arbitration Commission)

84. The protection of the rights and interests of financial consumers and investors shall be strengthened. Root-cause management and effective resolution of consumer disputes in the key frequent complaint areas shall be carried out. The standardization of financial dispute mediation organizations, the grassroots orientation of mediation services, and the professionalization of mediation work in Guangzhou shall be enhanced. Cooperation in judicial-mediation and arbitration-mediation connections shall be deepened, and an integrated collaborative resolution platform built. (Responsible Departments: Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal People's Court, Guangzhou Arbitration Commission, NFRA Guangdong Supervision Bureau, PBC Guangdong Province Branch, and CSRC Guangdong Supervision Bureau)

85. The legitimate rights and interests of all types of business entities shall be equally protected in accordance with the law, innovative service measures introduced, and continuous improvements made to the law-based business environment. (Responsible Departments: Nansha District Government, Guangzhou Municipal People's Court, Guangzhou Municipal Bureau of Justice, and Guangzhou Municipal Administration for Market Regulation)

VII. Guarantee Measures

(XXVIII) Adherence to and Strengthening of the Party's Overall Leadership

86. Full play shall be given to the leading and guaranteeing role of Party building in the financial sector, the responsibility of financial industry authorities to integrate industry management with Party building management shall be fully performed, and leadership over Party building work in the industry needs to be strengthened. The Party's basic theories, roadmaps, and strategies shall be firmly implemented; the "Four Consciousnesses" (consciousness of the need to maintain political integrity, think in big-picture terms, follow the leadership core, and keep in alignment with the central Party leadership) shall be enhanced; the "Four Confidences" (confidence in the path, theory, system, and culture of socialism with Chinese characteristics) shall be strengthened; and the "Two Upholds" should be implemented. The Party's leadership shall be embedded in the entire process of financial support for Nansha's development to ensure the full and uncompromising implementation of the Party Central Committee's major policies and decisions on financial work. The financial mindset and competence of the officials shall be cultivated and enhanced to better serve the high-quality economic and social development of the Nansha Pilot Free Trade Zone. (Responsible Departments: Nansha District Government, and Financial Office of the CPC Guangzhou Municipal Committee)

(XXIX) Strengthening the Organizational Coordination

87. All relevant entities shall further empower the financial reform, opening-up, and innovation, issue relevant business implementation rules or guidelines in accordance with due procedures, and encourage financial institutions and enterprises to make full and effective use of policies. Work ledgers shall be established by all responsible entities, identifying the responsible departments, persons-in-charge, contacts, work plans, and timelines for the tasks involved, with timely summaries and evaluations to be conducted. The list-based application and authorization method shall be fully leveraged, and support shall be actively sought from relevant national authorities for deepening reform and expanding opening-up in the financial sector, with all responsible entities providing support and cooperation accordingly. The principle of a coordinated, holistic approach among Hong Kong, Macao, and the Mainland shall be upheld, ensuring unified planning and joint implementation. (Responsible Departments: PBC Guangdong Province Branch, NFRA Guangdong Supervision Bureau, CSRC Guangdong Supervision Bureau, SAFE Guangdong Branch, Nansha District Government, and Financial Office of the CPC Guangzhou Municipal Committee)

(XXX) Expansion of Policy Support

88. Supporting policies in housing, talent, and education shall be rolled out, and the preferential individual income tax policies for Hong Kong and Macao residents in Nansha District shall be fully utilized to attract high-level international financial talents. Financial institutions shall be encouraged to support the development of Nansha as an international talent zone. Measures such as entry-exit facilitation for high-level foreign talents shall be introduced in a coordinated manner, and favorable conditions created for domestic and foreign professionals with financial sector qualifications to build up their careers in Nansha. (Responsible Departments: Nansha District Government, Financial Office of the CPC Guangzhou Municipal Committee, Guangzhou Municipal Bureau of Education, Guangzhou Municipal Bureau of Science and Technology, Guangzhou Municipal Bureau of Housing and Urban-Rural Development, Guangzhou Municipal Bureau of Human Resources and Social Security, and Guangzhou Municipal Public Security Bureau)

Form of Disclosure: Active Disclosure