On September 26th, the 3rd Hengqin World Bay Area Forum - Financial Theme Forum was successfully held in the Guangdong - Macao in-depth cooperation zone in Hengqin (hereinafter referred to as "Hengqin cooperation zone"). With the theme of "High-level opening-up facilitating high-quality development", this forum was jointly guided by the Financial Development Bureau of the Guangdong - Macao in-depth cooperation zone in Hengqin (hereinafter referred to as "the Financial Bureau of Hengqin cooperation zone") and the Southern Finance Omnimedia Group, hosted by the 21st Century Business Herald, and co-hosted by the Research and Development International (RDI) and Zhuhai Huafa Investment Holding Group Co., Ltd. More than 200 people from government departments, financial institutions, industry experts, media, etc. participated in the event.

At the event site, Shanyu CUI, the deputy governor of the Zhuhai Branch of the People's Bank of China, Wu Anping, the deputy director of the Zhuhai Regulatory Branch of the National Financial Regulatory Administration, and Bao Weichun, the deputy director of the Financial Bureau of Hengqin cooperation zone, delivered speeches respectively. Jia Xiaoming, a member of the Party Committee and deputy editor-in-chief of the Southern Finance Omnimedia Group and deputy editor-in-chief of the 21st Century Business Herald, delivered a speech on behalf of the organizer.

Shanyu CUI said that since the establishment of the Hengqin cooperation zone three years ago, the Zhuhai Branch of the People's Bank of China has given full play to the platform advantages of the Hengqin cooperation zone, closely centered around the policy deployment of "30 Articles on Hengqin Finance", and promoted the high-quality development of the cooperation zone with the high-level opening-up of finance. She said that she will continue to rely on the institutional mechanism advantages of the Hengqin cooperation zone, closely focus on the "Four New" strategic positioning, center around the financial needs of market entities, focus on institutional opening-up to promote the high-level opening-up of finance in the Hengqin cooperation zone, and inject more financial impetus into the high-quality development of the Hengqin cooperation zone.

Anping WU said that since this year, the banking and insurance industries have continuously improved the quality and efficiency of livelihood financial services such as cross-border mortgage services for Macao residents in the Hengqin cooperation zone, cross-border social insurance business, cross-border auto insurance business, characteristic outpatient and emergency medical insurance, and cross-border wealth management. Next, it will continue to unswervingly deepen the reform and opening-up of the banking and insurance industries in the jurisdiction, show new responsibilities and actions in finance, implement the "30 Articles on Hengqin Finance" in detail, and fully support the acceleration of financial reform and innovation and external cooperation and opening-up in the Hengqin cooperation zone.

Weichun BAO said that in the past period, under the guidance of the financial regulatory department, the Hengqin cooperation zone has actively implemented the "30 Articles on Hengqin Finance", promoted financial innovation and multiple pilot projects, and made progress in aspects such as cross-border financial business linkage, payment mode innovation, and green finance development. The Financial Bureau of the cooperation zone is actively promoting the introduction of measures to promote the development of green finance and building a policy support system for the green transformation of enterprises and projects in the zone. Next, it will accelerate the implementation of various innovative businesses, create a better business environment for enterprises, and facilitate the diversified development of Macao's industries.

Xiaoming JIA said that the Southern Finance Group, taking the Hengqin World Bay Area Forum as a platform, has continuously paid attention to the rapid integration and development of the cooperation zone, and has also witnessed that the "Bay Area economy" represented by Hengqin has shown active innovation, strong resilience, and prominent driving effects.

The forum invited Shijin LIU, the deputy director of the Economic Committee of the 13th National Committee of the Chinese People's Political Consultative Conference and the former deputy director of the Development Research Center of the State Council, Kang JIA, a specially invited expert in the talent pool for political participation and deliberation of the National Committee of the Chinese People's Political Consultative Conference, the dean of the Huaxia New Supply-side Economics Research Institute, and the former director of the Research Institute of the Ministry of Finance, Lin XU, the chairman of the Sino-US Green Fund Management Co., Ltd. and the former director of the Fiscal and Financial Department of the National Development and Reform Commission, etc. to deliver keynote speeches on topics such as the development of green finance, opportunities and challenges of opening to the outside world, cross-border green investment in the Greater Bay Area, and high-level opening-up of finance between Guangdong and Macao, respectively.

Shijin LIU said that China has become the world's largest producer and consumer of renewable energy and is at the forefront of the world in terms of cumulative installed capacity of renewable energy, equipment manufacturing, green investment, and market development. Green innovation has driven a large amount of green investment and has become a new kinetic energy for investment, innovation, and economic growth that ranks at the forefront at this stage and in the future period.

Kang JIA believes that the "Overall Plan for the Construction of the Guangdong - Macao in-depth cooperation zone in Hengqin" is an important part of the overall plan for the construction of the Guangdong - Hong Kong - Macao Greater Bay Area. The construction and development of the Greater Bay Area and the cooperation zone inevitably have an internal logic of being at the forefront of high-level opening to the outside world and forming a "leading goose" role in the new situation of reform and opening up. In the practice of the cooperation zone and even the Greater Bay Area, it is necessary to pragmatically master the docking of the commercial civilization planning systems between the mainland and Hong Kong and Macao in "institutional opening-up".

Lin XU said that the Hengqin - Macao area should build a more open, inclusive, and convenient R&D environment, widely attract institutions and talents to gather for the innovation and R&D of green and low-carbon technologies, and become a national green and low-carbon technology innovation center. In addition, it is necessary to build a bridge for cooperation and service between domestic financial institutions and green finance in Portuguese-speaking areas, broaden the two-way service channels for green finance facing Portuguese-speaking areas and countries, and promote the development opportunities of enterprises with advantageous green and low-carbon technologies in China to expand the markets in Portuguese-speaking areas.

The relevant person in charge of Zhuhai Huafa Investment Holding Group Co., Ltd. said that promoting cross-border financial innovation between Guangdong and Macao can be further explored from three aspects: promoting the construction of cross-border investment and financing channels and the facilitation of capital flow, continuously introducing innovative measures for cross-border livelihood finance, and further improving the financial format in the Hengqin cooperation zone.

At the forum, Guangdong Southern Finance Holdings Co., Ltd. and Zhongjiankang (Shenzhen) Investment Co., Ltd. signed a strategic cooperation framework agreement. In addition, the Southern Finance Omnimedia Group, the 21st Century Business Herald, and the Guangdong Guangdong - Hong Kong - Macao Greater Bay Area Research Institute jointly released the "Report on the Development of Cross-border Finance in the Greater Bay Area (2024)".

In the roundtable dialogue session, six guests, including Bohui ZHANG, the executive dean of the School of Economics and Management of the Chinese University of Hong Kong (Shenzhen), Zhang Weiguang, the dean of the School of Finance of Macao City University, Yiyu HE, the deputy governor of the Macao Branch of the Agricultural Bank of China,  Yingjie ZHANG, the vice president of Zhongchengxin Green Gold Technology (Beijing) Co., Ltd. and the general manager of Zhongchengxin Climate Technology (Guangzhou) Co., Ltd., Guohua YANG, the deputy general manager of Hengqin Huatong Financial Leasing Co., Ltd., and Jiawen FAN, the market director of China (Macao) Financial Assets Trading Co., Ltd., centered around the theme of "Green finance facilitating high-level opening-up of the Greater Bay Area", jointly discussed how to do a good job in the big article of green finance and facilitate the high-level opening-up of the Greater Bay Area.