DAB published the Proposal on Strengthening Financial Co-operation with the Mainland GBA

October 13, 2022

The National 14th Five-Year Plan and Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area showed support for Hong Kong's status as an international financial center, a global offshore RMB business hub, an international asset management center and a risk management center, and for Hong Kong’s development into a green financial center in the Greater Bay Area（GBA）. The DAB published the Proposal on Strengthening Financial Co-operation with the Mainland Greater Bay Area and put forward recommendations to the government in the following five areas:

1. Enhance Hong Kong’s status as a green financial centre in the Greater Bay Area

2. Optimize "PE Fund Connect" and further strengthen Hong Kong’s status as a center for PE fund registration in Asia

3. Expedite the establishment of insurance after-sales service centres in the Greater Bay Area and the cross-boundary "Insurance Connect"

4. Further promote the integrated development of the accounting industry in the Greater Bay Area

5. Further facilitate the interaction and integration of residents in the Greater Bay Area

Media enquiries:

DAB Financial Affairs Spokesperson and LegCo member (Election Committee) Rock Chen (5398 3885/5978 8945)

DAB Financial Affairs Spokesperson and LegCo member (Accountancy) Edmund Wong (5978 9007)