这是一片独特的区域—— 在一个国家、两种制度、三个关税区、三种货币的条件下建设，国际上没有先例。 这是一片希望的沃土—— 粤港澳大湾区，包括香港特别行政区、澳门特别行政区和广东省广州市、深圳市等珠三角九市，是我国 开放程度最高、经济活力最强的区域之一。 建设粤港澳大湾区，是习近平总书记亲自谋划、亲自部署、亲自推动的重大国家战略，既是新时代推动 形成全面开放新格局的新举措，也是推动"一国两制"事业发展的新实践。 "要大胆闯、大胆试，开出一条新路来。" "使粤港澳大湾区成为新发展格局的战略支点、高质量发展的示范地、中国式现代化的引领地。" 勇立潮头，奋楫前行。"十四五"时期，粤港澳大湾区全面深化改革、全面扩大开放，协同联动、融合发 展，经济总量跃上14万亿元，国际一流湾区和世界级城市群建设迈出坚实步伐。 南海之滨，开放潮涌，改革帆扬，活力四射。 向融而进 ——推进"硬联通""软联通""心联通"，内地与港澳交流合作持续深化 晨曦微露，珠江口波光粼粼，深中通道车流如梭。 通车一年，日均车流量超8.64万车次，约占跨珠江口车流总量1/5，且呈持续上升态势。 这是粤港澳大湾区"A"形交通主骨架的关键"一横"。珠江两岸的" ...

责任编辑：王馨茹 记者从中国人民银行湖北省分行了解到，自6月22日跨境支付通上线运行后，中国人民银行湖北省分行 组织辖内工商银行、农业银行、中国银行等6家试点银行向公众开展政策解读和业务推广活动。截至8月 底，湖北全省累计办理跨境支付通业务3.4万笔，金额2.17亿元。其中，南向便利化汇款业务2.87万笔， 金额1.94亿元；北向便利化汇款业务0.53万笔，金额0.23亿元。 ...

Core Insights - The introduction of the Cross-Border Payment System has significantly improved the efficiency and convenience of tax refund services for Hong Kong travelers, allowing them to receive refunds directly in their local bank accounts in Hong Kong [1][3]. Group 1: Cross-Border Payment System - The Cross-Border Payment System is a financial innovation jointly promoted by the People's Bank of China and the Hong Kong Monetary Authority, facilitating the interconnection of payment systems between mainland China and Hong Kong [1][3]. - This system allows for real-time tax refunds to be credited to Hong Kong bank accounts, enhancing the user experience for frequent travelers between the two regions [1][3]. Group 2: Tax Refund Services in Shenzhen - Shenzhen has become a leader in providing efficient tax refund services, with over 1,500 tax refund stores and 12 centralized refund points, making it the only city in China with comprehensive tax refund facilities across land, sea, and air [2]. - From January to July 2025, the sales of tax refund eligible goods in Shenzhen exceeded 584 million yuan, marking a 200% year-on-year increase, with "immediate refund" goods sales reaching 75.04 million yuan, up over 2,500% [2]. Group 3: Advantages of the New System - The new system offers four main advantages: simplified procedures, faster remittance, diverse currency options, and convenient consumption methods for travelers [3]. - Travelers can now choose to receive refunds in either RMB or HKD, eliminating the need for currency exchange and allowing for immediate use of funds through mobile payment platforms [3].

Group 1 - The seventh Guangdong-Hong Kong-Macao Greater Bay Area Financial Development Forum was held in Nansha, Guangzhou, focusing on "comprehensive financial cooperation and development facing the world" [1] - The construction of the Greater Bay Area as an international financial hub has made new breakthroughs, with the total trading volume of the "Shenzhen-Hong Kong Stock Connect" exceeding 100 trillion yuan and the scale of the "Cross-border Wealth Management Connect" surpassing 120 billion yuan [1] - Guangdong's financial industry added value grew by 7% year-on-year in the first half of the year, accounting for 9.3% of the province's GDP, with major financial indicators such as loan and deposit scale, securities trading volume, number of listed companies, and premium income ranking first in the country [1] Group 2 - The Hong Kong Monetary Authority's Vice President introduced that the "Southbound Bond Connect" has expanded the range of investors from bank-type institutions to four types of non-bank institutions, including securities firms, funds, insurance, and wealth management [2] - The cross-border payment system has successfully launched, with over 700,000 transactions and a total amount exceeding 4 billion yuan since its operation began in June [2] - The Macau Financial Management Bureau's Deputy Chairman expressed the hope for more Greater Bay Area enterprises to issue bonds and finance in Macau, enhancing Macau's role as a financial service platform connecting China and Portugal [2]

Group 1 - The seventh Guangdong-Hong Kong-Macao Greater Bay Area Financial Development Forum was held in Guangzhou, focusing on comprehensive financial cooperation and development aimed at high-quality growth [2] - Experts discussed actionable strategies for enhancing consumer confidence, stabilizing the real estate market, and promoting technological innovation as key areas for high-quality economic development [3][4] Group 2 - The construction of an international technology innovation center in the Greater Bay Area faces new challenges, necessitating a shift in approach towards original innovation and collaborative innovation clusters [4][5] - Financial services should support high-quality development, technological innovation, consumer spending, and the growth of the service sector [5][6] Group 3 - Enhancing the financial competitiveness and international influence of the Greater Bay Area requires deepening cross-border cooperation, accelerating financial openness, and optimizing service innovation [5][6] - The region's financial industry is already among the top globally, and further internal financial openness is essential for high-quality development [6] Group 4 - The financial interconnectivity among Guangdong, Hong Kong, and Macao is accelerating, injecting new momentum into the Greater Bay Area [7] - Recent initiatives include expanding the "Southbound Bond Connect" and improving the "Wealth Management Connect" framework to better serve investors [7][8] Group 5 - Macau aims to enhance its role as a financial service platform for the Greater Bay Area, encouraging more enterprises to issue bonds and seek financing there [8] - The upcoming implementation of the Investment Fund Law will facilitate the development of the investment fund industry across the Greater Bay Area and Macau [8]

Core Viewpoint - The low interest rate environment is significantly impacting the banking industry in China, leading to a potential restructuring of the competitive landscape. China Merchants Bank (CMB) is taking various strategic measures to navigate these challenges, including accelerating internationalization, enhancing comprehensive services, leveraging AI for smart banking, and improving management and risk control [1][2]. Group 1: Impact of Low Interest Rates - The one-year and five-year Loan Prime Rates (LPR) in China have been cumulatively reduced by 70 basis points and 105 basis points from 2022 to 2024, respectively [2]. - As a result, the net interest margin for the banking sector has declined to 1.42% in Q2 of this year, putting pressure on revenue and profit growth, as net interest income accounts for over 70% of bank revenues [2]. - The low interest rate scenario is described as the biggest "gray rhino" for the Chinese banking industry, with historical precedents from Europe, the US, Japan, and Taiwan indicating that prolonged low rates can lead to significant operational difficulties for banks [2]. Group 2: Internationalization Strategy - CMB is accelerating its internationalization to adapt to the growing demand for financial services as Chinese enterprises expand overseas. The bank aims to diversify its revenue sources beyond the low-interest domestic market [5][6]. - CMB has established a global presence with branches in major financial centers such as Hong Kong, Singapore, New York, and London, and is leveraging these platforms to enhance its multi-currency operations [6]. - The bank's international business has shown significant growth, with total assets and operating income from its Hong Kong institutions increasing by 9.49% and 25.28%, respectively, in the first half of 2025 [6]. Group 3: Comprehensive Business Development - CMB has been expanding its financial licenses, recently obtaining a Financial Asset Investment Company (AIC) license, which enhances its comprehensive business model [12][13]. - The bank's subsidiaries are performing well, with total assets of major subsidiaries growing by 9% year-on-year, indicating an upward trend in its overall competitive capability [12]. - CMB is focusing on providing integrated services across various business lines to enhance customer loyalty and achieve diversified revenue streams [13]. Group 4: Differentiated Competitive Strategy - CMB emphasizes differentiation in a highly competitive banking environment, aiming to create a unique value proposition through innovation and specialized services [15]. - The bank's retail customer base has reached 216 million, with retail assets under management surpassing 16 trillion yuan, reflecting its strong performance in retail banking [15][16]. - CMB is also investing in key regional branches to enhance its presence in economically vibrant areas, which is expected to drive further growth [17]. Group 5: AI and Digital Transformation - CMB is committed to becoming a smart bank by leveraging AI technologies to enhance service delivery and operational efficiency [19][20]. - The bank has developed a comprehensive AI technology framework, with 184 application scenarios across various functions, resulting in significant labor hour savings [19][21]. - CMB's historical focus on technology adoption positions it well to capitalize on the ongoing AI competition in the banking sector [20]. Group 6: Management and Cost Control - In response to the low interest rate environment, CMB is shifting towards more refined management practices, emphasizing cost control and operational efficiency [22][24]. - The bank has implemented strict cost management measures, resulting in a decrease in business and management expenses over the past two years [22]. - CMB maintains a strong focus on risk management, with a non-performing loan ratio of 0.93% and a provision coverage ratio of 410.93%, indicating robust risk management capabilities [24].

深圳人行相关负责人表示，下一步将联合深圳市税务局在全国首推境外电子钱包退付，为国际旅客提供 更丰富便捷的退付渠道。 与现有离境退税汇款方式相比，跨境支付通在离境退税场景的创新应用，显著提升了香港旅客的退税体 验，有效促进了"二次消费"，具有手续更简便、汇款更高效、币种更多样、消费更便捷四大优势。 人民财讯8月29日电，记者从人民银行深圳市分行（下称"深圳人行"）获悉，8月29日，全国首笔通过跨 境支付通办理的离境退税业务在深圳成功落地。深圳人行联合深圳市税务局，推动跨境支付通试点银行 中国工商银行深圳市分行与离境退税代理机构广东华兴银行深圳分行开展合作，创新拓宽跨境支付通服 务场景，助力离境退税服务再升级，实现退税资金"秒到账"。 ...

Core Insights - The article discusses how mainland Chinese internet companies are transforming the landscape of Hong Kong's economy and consumer behavior, marking a significant shift in the region's internet ecosystem [1][3][4]. Group 1: Market Dynamics - Mainland companies like JD.com and Meituan are aggressively entering the Hong Kong market, leveraging their logistics and service capabilities to meet local consumer demands [5][12]. - JD.com has established five self-operated delivery centers across Hong Kong, enabling delivery times as fast as four hours, showcasing a new level of service efficiency [5]. - Meituan is utilizing a dual-subsidy strategy to attract users and incentivize delivery personnel, leading to a rapid increase in market share, surpassing competitors like Deliveroo and Foodpanda [9][10]. Group 2: Economic Context - Hong Kong has experienced a prolonged economic decline, with GDP growth rates stagnating below 5% since 2010, necessitating innovative solutions to improve living standards [32][36]. - The integration of mainland internet platforms is seen as a potential remedy for Hong Kong's economic challenges, providing new services and enhancing consumer experiences [39][40]. Group 3: Technological Integration - The article highlights the importance of cross-border payment systems and data transmission efficiency for the successful operation of mainland companies in Hong Kong [22][30]. - The upcoming implementation of the "Cross-Border Payment Link" and the "Guangdong-Hong Kong-Macao Greater Bay Area Data Cross-Border Flow Agreement" is expected to streamline operations and enhance user experience [22][30]. Group 4: Future Prospects - The article suggests that as mainland companies continue to expand in Hong Kong, the region could become a hub for technological innovation and a testing ground for new business models [39][42]. - The collaboration between mainland and Hong Kong enterprises is anticipated to foster a more integrated economic environment, benefiting both sides in the long run [46].

Core Insights - The article highlights the evolution of cross-border financial services in Shenzhen, particularly through the initiatives of the Bank of China, showcasing a transition from traditional cash handling to modern digital payment systems [1][8] - It emphasizes the role of the Bank of China as a pioneer in cross-border financial innovation, adapting to the needs of the Shenzhen Special Economic Zone and contributing to the region's economic development [2][4] Historical Development - The Bank of China established its Shenzhen branch in 1978, supporting the early economic development of the region with basic banking services [2] - The first credit letter was issued by the Bank of China in 1981, marking a significant step in facilitating international trade for local businesses [2] - In 1986, the bank was authorized to offer RMB savings, breaking previous restrictions and allowing for greater financial flexibility [3] Cross-Border Financial Innovations - The introduction of cross-border RMB settlement in 2009 marked a new phase in financial collaboration between Shenzhen and Hong Kong, with transaction volumes reaching over 2 trillion RMB by 2024 [4] - The "Cross-Border Wealth Management Connect 2.0" program increased individual investment limits from 1 million to 3 million RMB, enhancing accessibility for Hong Kong residents [5] Ecosystem Development - The "Kehui Tong" initiative supports cross-border funding for research institutions, facilitating international collaboration in technology and innovation [6] - The Bank of China is building a comprehensive cross-border financial ecosystem, aiding local companies like Huawei and BYD in their global expansion efforts [6] Service Efficiency Improvements - The Bank of China has streamlined cross-border payment processes for e-commerce businesses, reducing transaction times significantly [7] - The bank serves over 50,000 cross-border clients, maintaining a leading position in international trade settlement and currency exchange in Shenzhen [7] Ongoing Financial Innovations - The Bank of China continues to innovate in response to the growing demands of the real economy, with initiatives aimed at enhancing cross-border settlement and investment facilitation [8] - The bank's efforts reflect a broader trend of financial openness in China, aligning with the country's status as a major trade partner globally [8]

Core Insights - China Merchants Bank (CMB) has announced that its retail AUM (Assets Under Management) has surpassed 16 trillion yuan, making it the first domestic joint-stock commercial bank to reach this milestone [1][2] - The growth in AUM has accelerated significantly, with the bank achieving its first 5 trillion yuan in 9 years, the second in 5 years, and the latest in just over 3 years [2][3] - CMB's wealth management strategy has shown resilience through market cycles, with a focus on enhancing customer service capabilities and building an open platform ecosystem [1][4] AUM Acceleration - CMB's retail AUM reached 14.93 trillion yuan by the end of 2024, with significant growth from 12.12 trillion yuan in 2022 and 13.32 trillion yuan in 2023, indicating a strong upward trend [2] - The bank's AUM increased by 1.2 trillion yuan in 2023 and 1.61 trillion yuan in 2024, showcasing a notable increase in retail AUM increments [2][3] Product Category Breakthrough - CMB maintains the leading position in the industry for public non-monetary funds and wealth management products, with retail insurance premiums surpassing 1 trillion yuan [4] - The bank has developed a comprehensive service system called "TREE Asset Allocation Service System," catering to diverse customer financial needs and achieving over 10 million clients served [4] Customer Management - CMB serves over 200 million individual clients, enhancing its service offerings to meet diverse financial needs, including retirement planning and cross-border investments [5] - The bank has upgraded its AI wealth assistant, "AI Xiao Zhao," to improve customer service efficiency and effectiveness [6] Cross-Border Financial Services - CMB has launched upgraded cross-border investment services, including the "Cross-Border Wealth Management Connect 2.0" and new cross-border payment products [6] - The bank's digital initiatives aim to simplify wealth management for clients, providing a one-stop financial service experience through its app [7] Partnership Expansion - CMB collaborates with over 160 partners to build a comprehensive wealth management ecosystem, emphasizing cooperation and shared growth [8] - The bank's achievements in retail AUM reflect its strong operational capabilities and commitment to building a robust wealth management ecosystem with partners [8]