Group 1: Financial Market Connectivity - The financial market connectivity in the Guangdong-Hong Kong-Macao Greater Bay Area is deepening, driven by reforms and opening up, with a cumulative transaction amount of 125 trillion yuan for the "Shenzhen-Hong Kong Stock Connect" by September 2025 [1] - The "Cross-Border Wealth Management Connect" has expanded, with a scale exceeding 120 billion yuan, indicating a growing cross-border financial service market [1] - Three financial center cities in the Greater Bay Area have entered the top ten in the global fintech rankings, showcasing the area's increasing international competitiveness [1] Group 2: International Expansion of Banks - Domestic banks are establishing a presence abroad, with WeBank's subsidiary, WeBank Technology, expanding into markets like Hong Kong, Indonesia, Malaysia, and Thailand, and negotiating over 20 partnerships worth several hundred million dollars [2] - Dongguan Bank's subsidiary, Wan Yin International, has opened in Hong Kong, marking a significant step for city commercial banks in internationalization [3] - Global financial institutions are increasing their presence in the Greater Bay Area, with HSBC and Fubon Bank establishing new offices and Santander Bank receiving approval for its Shenzhen branch [3] Group 3: Cross-Border Wealth Management - The "Cross-Border Wealth Management Connect" 2.0 has seen over 160,000 individual investors participating, a 120% increase compared to version 1.0 [4] - The expansion of participating institutions to include securities companies is a significant change in the 2.0 version, with 14 securities firms approved for pilot operations [5] - Securities firms are optimistic about the upcoming 3.0 version, which is expected to expand to major cities beyond the Greater Bay Area, addressing strong overseas investment demand [5] Group 4: Cross-Border Insurance Services - Cross-border insurance services are improving, with policies supporting the development of cross-border medical insurance and vehicle insurance [7] - By mid-2023, cross-border vehicle insurance provided coverage for 90,300 vehicles from Hong Kong and Macao, while health insurance served over 150,000 individuals [8] - China Taiping reported an investment scale of 120.3 billion HKD in the Greater Bay Area, indicating strong engagement in cross-border insurance [9]