Core Viewpoint - The third Guangdong-Hong Kong-Macao Greater Bay Area Development Business Conference will be held on September 15-16, focusing on "Empowering the Greater Bay Area, Exploring New Opportunities" [1] Group 1: Event Details - The conference will include an opening ceremony, results release, plenary sessions, parallel thematic discussions, industry promotions, and business matchmaking [1] - Key topics for discussion will include international supply chain collaboration, global trade risk management, cross-border financial cooperation, commercial legal cooperation, AI-driven industries, and the biomedicine and health industry [1] - A report titled "Guangdong-Hong Kong-Macao Greater Bay Area Supply Chain Promotion Report" will be released to help domestic and foreign enterprises understand development opportunities and engage in supply chain cooperation [1] Group 2: Participation and Impact - The conference is co-hosted by the China Council for the Promotion of International Trade, the Guangdong Provincial Government, the Hong Kong SAR Government, and the Macao SAR Government [1] - The previous two conferences attracted over 2,000 representatives from nearly 30 countries and regions [1] - The China Council for the Promotion of International Trade aims to leverage the conference platform to enhance participation in the Greater Bay Area's development and assist the global business community in seizing market, investment, and growth opportunities [1]

Core Insights - The actual foreign investment in Qianhai reached 12.326 billion yuan in the first half of the year, a year-on-year increase of 15.9%, accounting for 59.0% of Shenzhen's total [1] - The Qianhai Shekou Free Trade Zone attracted 10.702 billion yuan in foreign investment, marking a significant year-on-year growth of 40.5% [1] - Qianhai has established itself as a preferred destination for foreign investment through institutional openness centered on regulatory alignment [1] Investment Landscape - The top three industries for foreign investment in Qianhai are finance (29.5%), business services (29.4%), and software and information technology services (17.5%) [2] - Foreign investment in the finance sector grew by 19.5%, while high-tech services saw a remarkable increase of 72.4% [2] - Over 1.2 million foreign enterprises have settled in the Qianhai Cooperation Zone, with 52 companies recognized as multinational headquarters, representing 30.8% of Shenzhen's total [2] Future Developments - Qianhai aims to deepen institutional openness in finance, cross-border data, and healthcare sectors [2] - The Qianhai business environment is considered top-notch in the Guangdong-Hong Kong-Macao Greater Bay Area, attributed to high transparency in government governance and simplified business registration processes [2] - More than 52% of member companies from the South China American Chamber of Commerce plan to establish new offices in Qianhai soon [2]

Core Insights - Shenzhen is enhancing its international business environment by developing a comprehensive payment infrastructure that integrates various payment methods and services to boost its global competitiveness [1] Group 1: Payment Infrastructure Upgrades - Shenzhen has established five one-stop service centers for foreign visitors at key transportation hubs, providing 24-hour services that integrate payment, tourism, communication, transportation, and immigration [2] - The city has achieved a 100% acceptance rate for foreign cards at Shenzhen Airport, with nearly 90% acceptance for digital currencies, and has distributed over 100,000 multilingual payment guides [2][3] Group 2: Consumer Spending Trends - In the first half of 2025, foreign visitors to Shenzhen made 85.88 million transactions totaling 11.81 billion yuan, marking a year-on-year increase of 29% and 35% respectively [3] - Hong Kong residents accounted for 58.66 million transactions worth 7.04 billion yuan, with year-on-year growth of 22% and 25% [3] Group 3: Innovative Payment Solutions - Shenzhen has introduced a new "immediate refund" tax refund service at shopping locations, allowing consumers to receive tax refunds instantly at the point of sale, significantly improving efficiency [4] - The city has expanded payment options in public transport, integrating various payment methods including digital wallets and cross-border payment solutions [4] Group 4: Cross-Border Payment Innovations - The launch of the "Cross-Border Payment Pass" facilitates seamless cross-border transactions between Shenzhen and Hong Kong, allowing users to transfer funds easily via mobile banking [5] - The number of transactions and amounts processed through the cross-border payment system increased by 91.9% and 64.9% respectively in the first half of 2025 [5]

Core Viewpoint - The launch of the "Cross-Border Payment Link" between the People's Bank of China and the Hong Kong Monetary Authority is a significant step in enhancing financial cooperation between mainland China and Hong Kong, aimed at improving the efficiency and convenience of cross-border payments [1][2]. Group 1: Overview of Cross-Border Payment Link - The Cross-Border Payment Link connects the mainland's online payment interbank clearing system with Hong Kong's Fast Payment System, allowing for efficient, convenient, and secure cross-border payment services for residents of both regions [1]. - The service is set to go live on June 22, enhancing the international financial center status of Hong Kong and promoting the use of the Renminbi in cross-border transactions [1][2]. Group 2: Operational Details - The Cross-Border Payment Link focuses on small-amount, convenient remittances, allowing residents to make cross-border transfers without submitting business background information [2]. - The service supports remittances for various purposes, including tuition payments, medical fees, and salary disbursements, with participating institutions determining transaction limits based on risk management [2][3]. Group 3: Efficiency and Cost Reduction - Compared to traditional cross-border remittance methods, the new system significantly shortens the remittance chain, improves efficiency, and reduces costs by minimizing intermediaries [3]. - The system allows for real-time transactions for certain amounts under the current account, enhancing the overall user experience for residents [3]. Group 4: Compliance and Risk Management - Participating institutions must adhere to regulations regarding cross-border fund settlements and implement anti-money laundering and counter-terrorism financing measures to mitigate potential risks [3]. - A risk monitoring mechanism will be established to ensure the smooth operation of the Cross-Border Payment Link and to monitor suspicious transactions [3].

Group 1 - The historic collaboration between Shenzhen and Deutsche Börse Group marks a significant step in cross-border financial cooperation, with high-level financial exchange events taking place in Shenzhen [1][2] - The events aim to explore opportunities for interconnectivity between Chinese and European financial markets, focusing on financial derivatives innovation and pathways for companies to list abroad [2][4] - Deutsche Börse Group, as a comprehensive exchange organization, offers full-cycle support for Shenzhen enterprises, from listing to foreign exchange management, and aims to deepen cooperation in various financial sectors [2][4] Group 2 - The Shenzhen Financial Stability Development Research Institute has established close ties with major international exchanges, promoting a rich ecosystem linking Shenzhen to global financial markets since the creation of the International Listing Exchange Base in 2024 [3][5] - The event featured presentations from Deutsche Börse Group's subsidiaries, showcasing innovations in energy transition, derivatives trading, and foreign exchange management, addressing challenges faced by enterprises going global [4][5] - Shenzhen has been actively enhancing its international financial talent and market openness, with a significant number of listed companies and a strong market capitalization, positioning itself as a key player in the global financial ecosystem [5][6]

Core Viewpoint - The launch of the Cross-Border Payment Link marks a significant innovation in financial connectivity between mainland China and Hong Kong, providing residents with a more convenient, efficient, and low-cost cross-border remittance service [2][3][6]. Group 1: Cross-Border Payment Link Overview - The Cross-Border Payment Link utilizes the mature rapid payment systems of both mainland China and Hong Kong, allowing residents to remit money easily by entering a phone number or account details [3][4]. - The service was officially launched on June 22, with key officials from the People's Bank of China and the Hong Kong Monetary Authority attending the inauguration ceremony [3][4]. - The new system enables real-time fund transfers and direct currency exchange between Renminbi and Hong Kong dollars, enhancing convenience for users [3][4]. Group 2: User Experience and Benefits - A resident from Shenzhen successfully used the service to send 10,000 RMB to her daughter studying in Hong Kong, highlighting the ease of use and immediate fund availability compared to previous methods [4]. - A Hong Kong citizen praised the service for its simplicity and lack of fees, allowing for direct transfers to mainland accounts without complex procedures [4]. Group 3: Financial Cooperation and Regional Development - The Cross-Border Payment Link is expected to further enhance financial cooperation between Shenzhen and Hong Kong, contributing to the economic integration of the Guangdong-Hong Kong-Macao Greater Bay Area [5][6]. - Shenzhen has been a pioneer in cross-border payment innovations, having previously introduced various financial services that facilitate cross-border transactions [5]. - The People's Bank of China plans to continue promoting financial support for the Greater Bay Area, aiming to meet the residents' needs and enhance financial connectivity [6].

Core Viewpoint - The launch of the Cross-Border Payment System between Mainland China and Hong Kong is a significant step in enhancing financial cooperation and facilitating cross-border transactions, reflecting the central government's commitment to supporting Hong Kong's status as an international financial center [2][3]. Group 1: Overview of the Cross-Border Payment System - The Cross-Border Payment System will allow residents of both regions to conduct real-time cross-border transfers using just a phone number, with the system set to go live on June 22, 2025 [1]. - This initiative connects the Mainland's online payment interbank clearing system with Hong Kong's Faster Payment System, aiming to provide efficient, convenient, and secure cross-border payment services [1][2]. Group 2: Benefits and Features - The system is designed to enhance the efficiency and experience of cross-border payments, catering to the growing demand for quick and secure transactions due to increased economic and personal interactions between the two regions [3][4]. - It supports real-time transactions for certain amounts under the current account, facilitating payments for salaries, tuition, and medical expenses, among other daily needs [4][6]. Group 3: Operational Mechanism - Users can initiate cross-border remittances in RMB and HKD through mobile banking or online banking, relying on phone numbers or bank accounts [6]. - The system reduces intermediaries, thereby lowering the cost of cross-border remittances and improving transaction efficiency compared to traditional methods [5][6]. Group 4: Participating Institutions - Initial participating institutions include major banks from both Mainland China and Hong Kong, such as ICBC, Agricultural Bank of China, Bank of China, and HSBC, with plans to expand the list of participants [8].

Core Viewpoint - The "Nansha Financial 30 Measures" aims to enhance financial support for the Nansha area, positioning it as a key node in the Guangdong-Hong Kong-Macao Greater Bay Area's high-quality development and international financial hub [1][2]. Group 1: Financial Support Measures - The measures are structured around seven dimensions, including improving financial services for innovation and entrepreneurship, enhancing financial services in social welfare, developing specialized financial services, promoting cross-border financial cooperation, and ensuring supportive measures [2][3]. - The initiative is a strategic deployment to accelerate the construction of major cooperation platforms in the Greater Bay Area, aligning with the "Greater Bay Area Development Plan Outline" [2]. Group 2: Innovation and Entrepreneurship - A primary focus is on enhancing financial services for innovation and entrepreneurship, supporting the construction of technology innovation industrial cooperation bases [3]. - Specific measures include supporting financial institutions in innovating bill discount products and increasing financing support for eligible enterprises [3]. Group 3: Cross-Border Financial Services - The plan emphasizes the development of cross-border asset management centers and encourages the use of RMB for international shipping fees [4][5]. - It aims to facilitate cross-border payment services and credit financing, including expanding the range of banks for Hong Kong and Macao residents to open accounts [7]. Group 4: Commodity Futures and Insurance - The establishment of a commodity futures delivery center is proposed to enhance the integration of spot and futures markets, contributing to the pricing power of commodities [6]. - The measures also include the development of cross-border insurance products tailored for residents in the Nansha area [6].