金十数据5月20日讯，2025年5月9日至13日，全国人大常委会代表工作委员会组织33名香港特别行政区 第十四届全国人大代表组成的调研组赴广东开展专题调研，重点了解广东推动高质量发展、深化粤港交 流合作有关情况。代表们表示，香港要积极融入国家发展大局，充分发挥人大代表在建设粤港澳大湾区 中的作用，广泛参与广东建设和发展，为促进粤港两地交流合作、推进大湾区建设作出更大贡献。5月 13日上午，调研组在广州召开专题调研情况交流会。 （证券时报） 香港全国人大代表赴广东开展专题调研 ...

Core Viewpoint - The construction and development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has faced new opportunities and challenges after six years since the release of the development plan in 2019, particularly in the context of global uncertainties exacerbated by trade tensions initiated by the U.S. [1] Group 1: Guangdong's Role - Guangdong is actively promoting deep integration and cooperation within the GBA, establishing a solid foundation for collaborative development among the three regions [3] - The Shenzhen Financial Bureau has initiated four specialized teams to enhance financial cooperation with Hong Kong, focusing on areas such as enterprise overseas expansion and financial technology [3] - There is a strong emphasis on supporting GBA enterprises to list in Hong Kong and facilitating the return of qualified Hong Kong companies to the Shenzhen Stock Exchange [3] Group 2: Hong Kong's Contribution - Hong Kong plays an irreplaceable role in the GBA as an international financial center, focusing on four financial areas: innovative finance, green finance, livelihood finance, and Silk Road finance [5] - The introduction of the 18A listing rule has positioned Hong Kong as the second-largest biotech financing center globally, with potential for around 70,000 tech companies in the GBA to seek funding through this platform [5] - Hong Kong aims to enhance its role as a "super connector" for mainland enterprises seeking to expand internationally, leveraging its unique legal advantages and high-quality professional services [5][8] Group 3: Macao's Strategic Position - Macao is positioned as a "precise connector" targeting Portuguese-speaking countries, complementing Hong Kong's role [6][7] - The Macao Financial Management Bureau is focusing on enhancing connectivity with mainland and Hong Kong financial markets, including plans for a rapid payment system and digital currency integration [7] Group 4: Common Strategies Amid Uncertainty - Key strategies discussed by participants from Guangdong, Hong Kong, and Macao include open innovation to address global uncertainties and trade tensions [8] - Emphasis on strengthening the dual circulation hub function, enhancing domestic demand, and promoting deep integration with the mainland market [8] - The importance of leveraging the "One Country, Two Systems" advantage to enhance international cooperation and trade investment links, particularly with ASEAN and BRICS countries [8][9]

Core Viewpoint - The Guangdong-Hong Kong-Macao Greater Bay Area (GBA) is at a critical juncture under a new global context, facing various challenges and opportunities, with a focus on innovation-driven development and high-level cooperation to achieve international competitiveness [1][8]. Group 1: Collaborative Development - The future development trend of the GBA is characterized by driving development, participatory development, and joint development, with Hong Kong's role as a major offshore RMB center expected to strengthen [2]. - The synergy among GBA cities will increase, integrating Shenzhen and Guangzhou's technological innovation with Hong Kong and Macau's institutional and financial advantages [2][3]. Group 2: Financial Innovation and Cooperation - Hong Kong plays a crucial role in facilitating capital flow and investment services within the GBA, with mechanisms like Stock Connect and Bond Connect enhancing its investment function [4]. - Shenzhen aims to strengthen financial cooperation with Hong Kong, promoting project-based collaboration and supporting companies in cross-listing [4]. Group 3: Macau's Unique Role - Macau is focusing on economic diversification, developing sectors like traditional Chinese medicine, modern finance, high-tech, and cultural sports, while also building a bond market to connect with mainland and Hong Kong financial markets [5][6]. - Macau's unique position allows it to act as a liaison with Portuguese-speaking countries, facilitating the introduction of mainland enterprises and attracting foreign investment [6]. Group 4: Capital Market Development - The capital market is vital for optimizing financing structures and enhancing cross-border capital flow, reducing reliance on traditional credit for GBA enterprises [7]. - Patient capital is identified as a key factor for driving technological innovation and industrial upgrades, with government initiatives encouraging long-term investments [7]. Group 5: Future Outlook - The GBA is poised for unprecedented development opportunities, emphasizing innovation-driven and open cooperation strategies to enhance international competitiveness [7][8].

Group 1: Development Opportunities in the Greater Bay Area - The Greater Bay Area is experiencing a clear trend of integration and development despite increasing external uncertainties, with Hong Kong's role as a major offshore RMB center expected to strengthen [1] - Shenzhen's financial bureau plans to enhance cooperation with Hong Kong through project-based initiatives, support listings for Shenzhen and Greater Bay Area companies in Hong Kong, and improve cross-border transaction efficiency [1] Group 2: Financial Innovation and Connectivity - Hong Kong's financial sector possesses unique advantages in financing and investment, aiming to deepen financial connectivity with the mainland through initiatives like Stock Connect and Bond Connect, while promoting RMB internationalization [2] - The Hong Kong government emphasizes the development of innovative finance, green finance, livelihood finance, and Silk Road finance, with significant achievements in innovative finance, becoming the world's second-largest biotech financing center [2] Group 3: Macau's Role and Sector Focus - Macau aims for moderate economic diversification, focusing on traditional Chinese medicine, modern finance, high-tech, and cultural sports, while enhancing connectivity with the mainland and Hong Kong in the financial sector [3] - Macau plans to facilitate cross-border capital flow and digital currency integration, leveraging its connections with Portuguese-speaking countries to promote outbound and inbound business [3] Group 4: Strategies for Addressing Challenges - The Greater Bay Area should enhance technological self-innovation, deepen institutional openness, and strengthen industrial chain resilience, with capital market development being crucial for optimizing financing structures and promoting cross-border capital flow [3]

5月17日，2025清华五道口全球金融论坛在深圳召开。在"粤港澳大湾区建设与发展"主题讨论环节中， 深圳市委金融委员会办公室常务副主任、市委金融工作委员会常务副书记、市地方金融管理局局长时卫 干表示，尽管世界不确定性日益加剧，但粤港澳大湾区未来的驱动发展、参与化发展、联合发展趋势愈 发强劲。 他特别提到，第二项工作将进一步支持和鼓励优秀的深圳企业、大湾区企业走出去到香港上市，同时也 欢迎鼓励符合条件的香港在H股上市的大湾区企业重新回到深交所上市。"这是今年要重点推进的工 作。"时卫干强调。 此外，时卫干指出，第三项工作是服务企业出海；第四项是与香港金融监管部门、香港政府部门加强合 作，为企业、为市场主体在香港金融合作的过程中提供更好的服务、更多的支撑，让交易更便捷，让交 易成本更低。 （文章来源：南方都市报） 针对大湾区城市间的协同发展，时卫干表示，深圳、广州等城市在产业、科技创新方面具备显著优势， 而香港、澳门则拥有独特的制度、资金、国际化及人才优势。未来，随着产业、科技、金融的深度融 合，特别是制度、人才之间的深度融合，大湾区城市间的协同效应将更加显著，形成强大的发展合力。 时卫干特别提到，香港在助力内地 ...

Group 1 - The core viewpoint emphasizes the acceleration of high-quality development in Nansha District, with a focus on strategic planning and industrial investment [1][2] - The Nansha development has entered a new stage, aligning with national strategies for the Guangdong-Hong Kong-Macao Greater Bay Area, aiming to build a significant strategic platform [2] - The implementation of the "Nansha Plan" is crucial, leveraging national policies to drive landmark reforms and enhance the modern industrial system in Nansha [2] Group 2 - The city aims to enhance collaboration with Hong Kong and Macao, improving infrastructure connectivity and regulatory mechanisms to foster integration within the Greater Bay Area [2] - There is a focus on attracting global innovation resources to Guangzhou, promoting international cooperation and industry connections [2] - The vision includes "smart growth, refined urban areas, Lingnan characteristics, garden style, and Chinese elegance," aiming to improve urban quality and public services [2]

Core Viewpoint - The joint issuance of the "Opinions" by the central bank, financial regulatory authorities, and the Guangdong provincial government aims to enhance financial support for Nansha, promoting its role in the Guangdong-Hong Kong-Macao Greater Bay Area development through 30 key measures [1][4]. Financial Services for Innovation and Entrepreneurship - Support for enterprises aligned with Nansha's industrial development through bill financing and encouragement of "loan + external direct investment" models [4] - Promotion of high-end manufacturing industries and social capital investment, including mechanisms for accounts receivable confirmation and support for issuing technology innovation bonds [4] - Facilitation of youth innovation and entrepreneurship, allowing Hong Kong and Macao residents equal access to support policies and employment opportunities [4] Social and Livelihood Financial Services - Promotion of cross-border payment systems, credit financing, and the facilitation of international professionals' practices [4] Development of Specialized Financial Services - Encouragement for the Guangzhou Futures Exchange to explore electricity futures and support for green and sustainable bond issuance in Hong Kong and Macao [4] - Establishment of a digital financial research think tank and support for the application of generative AI models in finance [4] - Support for quality securities firms to obtain public fund qualifications and the development of cross-border wealth management pilot programs [4] Cross-Border Financial Innovation and Communication - Research on establishing an international commercial bank in the Greater Bay Area and support for Hong Kong and Macao investors to set up securities and fund companies [5] - Promotion of higher-level trade and investment renminbi settlement facilitation and support for fund companies in Nansha to participate in mutual recognition arrangements [5] Support Measures - Emphasis on increasing policy support, including housing and talent policies, to create favorable conditions for domestic and international professionals in Nansha [5]

Core Viewpoint - The People's Bank of China, along with several regulatory bodies, has issued a set of 30 key measures aimed at enhancing financial support for the Guangzhou Nansha area, promoting its role in the Guangdong-Hong Kong-Macao Greater Bay Area's development and modernization efforts [1][2][3] Group 1: Financial Services Enhancement - The measures include improving financial services for innovation and entrepreneurship, supporting the construction of technology innovation industry cooperation bases, and encouraging financial institutions to innovate financial products like bill discounting [1] - There is a focus on expanding financial services for social welfare, including the trial of video-based credit card applications and cross-border cooperation among credit institutions [2] Group 2: Development of Specialized Financial Services - The initiative encourages the Guangzhou Futures Exchange to explore electricity futures and enhance the renewable energy futures product system [2] - It supports the development of generative artificial intelligence models for financial applications, including smart credit, investment, and risk control services [2] Group 3: Financial Market Connectivity - The measures promote the use of free trade accounts and other mechanisms to provide comprehensive financial services to foreign institutions [2] - There is encouragement for cross-border cooperation in futures products between the Guangzhou Futures Exchange and the Hong Kong Stock Exchange [2] Group 4: Cross-Border Financial Innovation - The initiative aims to attract diverse investment institutions such as sovereign wealth funds and venture capital firms to the region [2] - It supports qualified Hong Kong and Macao investors in establishing securities and fund companies in mainland China [2] Group 5: Financial Regulatory Mechanism - The measures emphasize the need for coordinated regulatory efforts between central and local authorities, ensuring compliance with unified financial management rules [3] - There is a focus on creating an innovative financial regulatory mechanism tailored to the needs of Nansha's development [3] Group 6: Supportive Measures - The initiative includes policies to support housing, talent, and education, facilitating the development of an international talent zone in Nansha [3] - It aims to create favorable conditions for domestic and foreign professionals in the financial sector to work in Nansha [3]

Core Viewpoint - The People's Bank of China and five other departments have issued a joint document to enhance financial support for Guangzhou Nansha, aiming to strengthen its role in the Guangdong-Hong Kong-Macao Greater Bay Area development [1][2]. Group 1: Financial Support Measures - The document outlines 30 key measures to improve financial services for innovation and entrepreneurship, promote financial market connectivity, and enhance regulatory mechanisms [1]. - It encourages banks to collaborate with external investment institutions to explore new business models such as "loans + external direct investment" to support technological innovation [1]. - The document supports the development of a data trading platform in Guangzhou and collaboration with licensed digital asset trading platforms in Hong Kong to innovate digital asset trading services [1]. Group 2: Youth and Cross-Border Initiatives - The measures include support for eligible Hong Kong and Macao residents and youth entrepreneurship projects in Nansha to access local financial support policies such as loan interest subsidies and risk compensation [1]. - It proposes to expand the pilot program for Hong Kong and Macao residents to open bank accounts and explore video-based credit card applications [2]. - The document supports cross-border cooperation among credit institutions in the Greater Bay Area and the mutual recognition of credit products [2]. Group 3: Climate and Futures Market Initiatives - The document encourages Nansha to deepen its role in national climate investment and financing trials, enhancing collaboration with Hong Kong and Macao in platform construction and financing [2]. - It supports the launch of cross-border cooperative products at the Guangzhou Futures Exchange, exploring new models for international cooperation in futures products [2].

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The talent supply and demand in Hong Kong is experiencing significant growth, characterized by a younger, higher-paid, and more educated workforce. The demand is particularly strong in the finance, real estate, internet, and professional services sectors [7][30] - There is a notable trend of talent flowing from mainland China to Hong Kong, with a much higher influx compared to the outflow from Hong Kong to mainland China [7][76] - The report highlights the increasing number of startups in Hong Kong, with a record high of 4,257 startups in 2023, employing approximately 16,453 people, marking a 10% increase from 2022 [15] Summary by Sections Section 1: Hong Kong Talent Demand - The demand for new positions in Hong Kong saw a year-on-year growth of 69.58% in 2023 [18] - The top three sectors for talent demand are internet, finance, and professional services, with respective growth rates of 23.86%, 18.69%, and 12.57% [20][21] - The highest demand is for financial, administrative, and operational support roles, while marketing talent is experiencing the fastest growth [26] Section 2: Talent Flow to Hong Kong - Talent flowing into Hong Kong has maintained a high level, with year-on-year growth exceeding 120% across all quarters of 2023 [54] - The majority of incoming talent is from first-tier cities in mainland China, with Shenzhen being the most significant source [58][59] - The age distribution of talent moving to Hong Kong shows a predominance of young professionals aged 20-45, with nearly 90% holding a bachelor's degree or higher [65] Section 3: Hong Kong Talent Profile - Over 70% of the talent in Hong Kong has more than five years of industry experience, and nearly 60% earn over 250,000 RMB annually [85] - The talent pool is predominantly composed of young, highly educated individuals, with over half aged between 25-35 and more than 80% holding master's or doctoral degrees [95] - The financial and internet sectors account for 40% of the talent pool, indicating a strong concentration in these industries [96]