Guangzhou Passes Action Plan for Implementation of Financial Measures for the Greater Bay Area

The Guangzhou city government executive meeting chaired by Mayor Wen Guohui on 2 September passed an action plan for implementation of financial measures to support the development of the Greater Bay Area. Divided into six parts, including accelerating the launch of major financial projects and platforms, promoting cross-border trade and investment and financing facilitation in the Greater Bay Area and expanding the opening up of the financial industry, the action plan puts forward 66 measures in 26 respects, such as accelerating the establishment of financial institutions and promoting green finance co-operation. The responsible entities are specified one by one. The meeting stressed the need to speed up the establishment of a modern financial service system suited to Guangzhou’s role as a core engine of the Greater Bay Area.

Source: People’s Government of Guangzhou Municipality