Guangdong Governor Huahua: Substantial progress has been made in cooperation between Hong Kong and Macao

January 20 Afternoon news, Guangdong Provincial Governor Huahua said today that Hong Kong-Guangdong Financial cooperation has made substantial progress and cooperation more normative. Guangdong Province Governor Huahua introduced, Guangdong Province has been the financial industry as the core industry development, industry scale is growing. At present, the economy of Guangdong province has stabilized and recovered. The financial cooperation between Guangdong and Hong Kong in recent years is mainly embodied in five aspects: 1 Financial cooperation has made substantial progress. As a pilot area for renminbi settlement, more than 80% of Guangdong's financial operations are from Hong Kong.　　HSBC, Hang Seng and other 6 banks have opened business in Guangdong Province or are in the pipeline. 2 panel set up, sound notification mechanism, cooperation norms.　　The two sides have frequent exchanges of regulatory bodies and expanded Cross-border financial services. 3 New Market business cooperation is significant.　　such as the settlement of loans, renminbi business, such as close cooperation. 4 Capital market cooperation is very good.　　The number of listed companies in Hong Kong has increased, with a total of HK $190 billion last year. 5 Insurance market cooperation to make progress. 8 of the broad-investment insurance companies have entered Hong Kong. (Yuet from Hong Kong)