Group 1 - Fubon Bank (Hong Kong) has been approved to establish a branch in Shenzhen, marking a significant step in its expansion into the mainland market [1][3] - The approval was granted by the National Financial Regulatory Administration, which requires Fubon Bank to complete the establishment process within 15 days [1] - Fubon Bank has been operating in Dongguan since 2009 and has been implementing a "dual-axis strategy" by investing in mainland commercial banks and establishing branches in key cities [3] Group 2 - Shenzhen is recognized as a core city in the Guangdong-Hong Kong-Macao Greater Bay Area, characterized by an open economic environment and active cross-border financial demands [3][4] - The city has seen a continuous influx of foreign banks, with Santander Bank also recently approved to establish a branch in Shenzhen, indicating a growing foreign presence [3] - Recent policies in Shenzhen aim to attract and utilize foreign investment, with significant increases in the number of foreign enterprises established in the city [4]

Group 1 - Fubon Bank (Hong Kong) has been approved to establish a branch in Shenzhen, marking a significant step in its expansion into the mainland market [1][3] - The approval was granted by the National Financial Regulatory Administration, which requires Fubon Bank to complete the establishment process within 15 days [1] - Fubon Bank has been operating in Dongguan since 2009 and has been implementing a "dual-axis strategy" by investing in mainland commercial banks and setting up branches in key cities [3] Group 2 - The establishment of Fubon Bank's Shenzhen branch is expected to enhance financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area [3] - Shenzhen has seen a continuous expansion of foreign banks, with Santander Bank also recently approved to set up a branch in the city [3] - The city is recognized for its open economic environment and active cross-border financial demands, which will enrich local financial service options [3] Group 3 - Shenzhen has introduced favorable policies to attract foreign investment, including measures to optimize the international business environment [4] - By the end of 2024, Shenzhen registered 562,000 new business entities, with 9,738 new foreign enterprises, a year-on-year increase of 21.7% [4] - The city's industrial output value exceeded 5 trillion yuan in 2024, providing a broad space for foreign banks to develop [4]

Core Viewpoint - Fubon Bank (Hong Kong) has been approved to establish a branch in Shenzhen, marking a significant step in its expansion into the mainland market and promoting financial cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area [2][4]. Group 1: Approval and Establishment - The National Financial Regulatory Administration has granted approval for Fubon Bank (Hong Kong) to set up a branch in Shenzhen, requiring the bank to collect the business application form within 15 days and to establish a preparatory team for the branch [2]. - Fubon Bank has had a presence in Dongguan since 2009 and has been implementing a "dual-axis strategy" by investing in mainland commercial banks and establishing branches in key cities with a concentration of Taiwanese and Hong Kong businesses [4]. Group 2: Market Context and Opportunities - The approval of Fubon Bank's Shenzhen branch is seen as a crucial move in the mainland market, which will enhance financial cooperation in the Greater Bay Area [4]. - Shenzhen is recognized as a core city in the Greater Bay Area, characterized by an open economic environment and active cross-border financial demands, which will enrich local financial service options and promote capital flow and financial innovation [5]. - Recent policies in Shenzhen have been favorable for foreign investment, with initiatives aimed at optimizing the business environment for foreign enterprises [5]. Group 3: Economic Indicators - As of the end of 2024, Shenzhen registered 562,000 new business entities, with a total of 4.404 million existing entities, leading the nation [6]. - The city saw the establishment of 9,738 new foreign enterprises in 2024, reflecting a year-on-year growth of 21.7%, the highest among major cities in China [6]. - Shenzhen's industrial output surpassed 5 trillion yuan, with total imports and exports reaching 4.5 trillion yuan, indicating a robust economic environment conducive to the growth of foreign banks [6].