中证报中证网讯(记者齐金钊)日前，第七届粤港澳大湾区金融发展论坛在广州南沙举办。围绕"面向世 界的粤港澳大湾区金融全面合作发展"的主题，与会的专家学者进行了沟通交流。 近年来，粤港澳大湾区国际金融枢纽建设取得新突破，金融市场互联互通不断深化。官方数据显示，截 至当前，"深港通"交易总额突破100万亿元，"跨境理财通"规模超1200亿元，粤港澳融合发展水平跃上 新台阶。广东积极推动中国式现代化的广东金融实践，今年上半年，广东金融业增加值同比增长7%， 占全省GDP的比重达到9.3%，存贷款规模、证券交易额、上市公司数量、保费收入等主要金融指标均 居全国第一。 澳门金融管理局代主席黄善文表示，近年来，澳门特区政府积极推动经济适度多元化，加快发展现代金 融业，主动参与大湾区的合作，助力大湾区在国家经济发展和对外发展中发挥积极作用。未来希望更多 大湾区企业到澳门发债、融资，进一步发挥澳门作为中葡金融服务平台和大湾区联通平台的作用。 粤港澳大湾区金融发展论坛至今成功举办了七届，为推进粤港澳大湾区金融全面合作发展发挥了重要作 用。本届论坛由中共广东省委金融委员会办公室主办，广东省金融智库联合会和广东恒健投资控股有限 公司 ...

围绕高质量发展的重点领域，专家们各抒己见，针对扩大消费、稳定房地产市场、强化科技创新等，提出了切实可行的思路与举措。 全国政协提案委员会副主任、中国发展研究基金会理事长张军扩提出"十五五"时期经济持续高质量发展的三大重点任务。首先，有效提升消费者消费能力和 信心，加快形成扩大消费的长效机制，持续有效扩大消费需求。其次，有效恢复房地产市场信心，释放正常住房需求，加快构建房地产发展新模式，促进房 地产市场止跌回稳。最后，加快实现更高水平科技自立自强，既加大重大科技攻关、有效解决"卡脖子"问题，又切实加强基础学科研究、增强前沿创新能 力，为我国更长时期的创新发展奠定基础。 中国国际经济交流中心副理事长、国务院发展研究中心原副主任王一鸣认为，当前新一轮科技革命和产业变革向纵深演进，国际政治经济格局深刻调整，大 湾区建设国际科技创新中心面临新挑战。 王一鸣表示，推进粤港澳大湾区国际科技创新中心建设，将粤港澳大湾区建成全球科技创新高地和新兴产业策源地，需要从4个方面转变思路。"一是从跟踪 追赶转向部分领域引领超越，二是从集成创新转向原始创新，三是从终端产品创新转向中间品创新，四是从协同创新转向创新集群。" 全国政协委员、 ...

Investment Rating - The report maintains a "Recommended" rating for the industry, indicating a potential upside of over 15% relative to benchmark indices [6]. Core Insights - The recent measures announced by the People's Bank of China and the Hong Kong Monetary Authority aim to enhance the "Southbound Bond Connect" mechanism, allowing a broader range of domestic investors, including non-bank financial institutions, to invest in offshore bond markets [1][2]. - The expansion of eligible investors to include brokerages, funds, insurance companies, and wealth management firms is expected to increase the investment flexibility and yield for these non-bank institutions [3]. - The report highlights the significant size of the Hong Kong bond market, with outstanding balances of HKD bonds, offshore RMB bonds, and G3 currency bonds amounting to USD 195.5 billion, USD 173.2 billion, and USD 565.6 billion respectively as of the end of 2024 [3]. Summary by Sections Section 1: Policy Changes - The "Southbound Bond Connect" will now include four types of non-bank institutions, allowing them to invest in all types of bonds traded in the Hong Kong market [3]. - The measures also include optimizing the offshore repurchase business and swap mechanisms to better meet investors' liquidity and interest rate risk management needs [1][2]. Section 2: Market Opportunities - The report suggests that the inclusion of non-bank institutions will enhance the diversity of investment options available, thereby improving the overall investment returns for these entities [3]. - The push to integrate RMB stock trading counters into the Hong Kong Stock Connect is expected to increase the trading volume of RMB-denominated stocks, benefiting both mainland and Hong Kong financial institutions [4]. Section 3: Investment Recommendations - The report recommends focusing on non-bank related investment targets, particularly leading brokerages such as CITIC Securities, Huatai Securities, and China Galaxy, which have established a strong presence in the Hong Kong market [5]. - It also suggests monitoring internet finance companies and quality financial institutions like the Hong Kong Stock Exchange for potential investment opportunities [5].