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The 14th Five-Year Plan|Chen Maobo: Southbound Bond Connect is ready, I believe it will be implemented soon

2021-05-08T21:19:03.271Z


Financial Secretary Chen Maobo attended the "14th Five-Year Plan" dual-cycle cooperation seminar in the Greater Bay Area today (7th), saying that the implementation details for the opening of the bond link to the south are ready and I believe it will be implemented in a short time. Chen Maobo said,


Political situation

Written by: Chen Chuolan

2021-05-07 18:24

Last update date: 2021-05-07 18:24

Financial Secretary Chen Maobo attended the "14th Five-Year Plan" dual-cycle cooperation seminar in the Greater Bay Area today (7th), saying that the implementation details for the opening of the bond link to the south are ready and I believe it will be implemented in a short time.

Chen Maobo said that the overall development of the Greater Bay Area is dominated by the domestic cycle to jointly develop strategic emerging industries and support economic transformation.

Chen Maobo emphasized that Hong Kong is the most open market for cities in the Greater Bay Area. With "one country, two systems" and basic scientific research capabilities, Hong Kong has the advantage to play an active role. The Hong Kong government will continue to support and cooperate with China's development.

Chen Maobo said at the meeting that in order to strengthen the interconnection between the financial markets of Mainland China and Hong Kong, the "Greater Bay Area Finance Link" will be launched to allow mainland, Macau, and Hong Kong residents to cross-border investment bank wealth management products; it will also expand the flow of cross-border RMB funds. , Among them, "Bond Connect" is ready to open to the south and will be implemented in a short time.

Will promote the modern freight logistics system to promote the development of cross-border e-commerce

Chen Maobo believes that Hong Kong has an international logistics and management center and fast customs clearance procedures. In the future, it will strive to promote a modern freight logistics system to promote the development of cross-border e-commerce trade.

In addition, Chen Maobo pointed out that in order to encourage university students to participate in the innovation and technology industry, promote the re-industrialization of Hong Kong, and strive for more industrial companies to settle in Hong Kong, the Hong Kong government will continue to promote different plans to attract and assist Hong Kong youth to seek development opportunities in the Greater Bay Area.

Hong Weimin pointed out that Hong Kong can be a reference for urban governance in the Mainland

Hong Weimin, deputy to the National People's Congress and Chief Liaison Officer for Hong Kong Affairs of the Qianhai Administration, said that Hong Kong can serve as a reference for urban governance in the development of the country.

Hong believes that the emergence of design talents in Hong Kong can encourage designers to participate in the development of the Greater Bay Area, improve the quality of Chinese brand products, and promote high-end consumption.

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Lam Cheng: The Greater Bay Area Youth Employment Program provides about 2,400 jobs, 20% more than expected

The HKMA says the latest rules for cross-border financial management increase flexibility

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The 14th Five-Year Plan of the Greater Bay Area

Source: hk1

All news articles on 2021-05-08

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