Mainland China Briefing: Regulators Issue Opinions On Providing Financial Support For The Development Of Greater Bay Area.

 1.

to promote cross-border trade and facilitate investment and financing in the Greater Bay Area (GBA);

 2.

to expand the opening-up of the financial industry;

 3.

to enhance the connectivity and integration of financial markets and financial infrastructure;

 4.

to boost the innovation of financial services in the GBA; and

 5.

to prevent cross-border financial risks.

 1.

to allow Hong Kong and Macau institutional investors to invest in private equity investment funds and venture investment enterprises (funds) in the mainland areas of the GBA through the Qualified Foreign Limited Partnership (QFLP) regime;

 2.

to promote the trial schemes of Qualified Domestic Limited Partnership (QDLP) and Qualified Domestic Investment Enterprise (QDIE), and support overseas investment by domestic private equity investment funds;

 3.

to support commercial banks to establish financial asset investment companies and wealth management companies in the mainland areas of the GBA with no foreign shareholding limit;

 4.

to support the establishment of foreign-controlled securities companies, fund management companies and futures companies in the mainland areas of the GBA;

 5.

to improve the connection arrangements in financial markets, including Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, and Bond Connect; and

 6.

to support qualified Hong Kong and Macau financial institutions and non-financial enterprises to issue financial bonds, corporate bonds and debt financing instruments in the Mainland.