Core Viewpoint - The Guangdong Financial Regulatory Bureau has issued guidelines to support the high-quality development of the insurance industry in Guangdong, aiming to enhance its role in China's modernization efforts [1] Group 1: Policy Support - The guidelines encourage policy initiatives to support eligible Hong Kong and Macau insurance institutions to participate in the Guangdong insurance market through capital increases or mergers and acquisitions [1] - The aim is to leverage the advantages of these institutions in corporate governance, product design, and risk management to improve the insurance sector's service capabilities for the real economy in Guangdong [1] Group 2: Product Development - Insurance institutions are supported to launch health insurance and annuity products and services tailored for Hong Kong and Macau residents, particularly in relation to Guangdong's medical and elderly care facilities [1] - There is a push to align product pricing between the mainland and Hong Kong, and to develop more life insurance products that cater to the unique characteristics of the Greater Bay Area [1] Group 3: Cross-Border Insurance Initiatives - The guidelines emphasize the acceleration of the implementation of the "Cross-Border Insurance Pass" in the Guangdong-Hong Kong-Macau Greater Bay Area [1] - There is a focus on deepening cross-border insurance regulatory cooperation and enhancing collaboration in cross-border insurance dispute mediation [1]