Property News · May 15, 2020

China unveils financial plan for Hong Kong, Macau to spur tighter embrace of Greater Bay Area master plan


China’s central bank and financial regulators unveiled a sweeping plan to spur cross-border financial services, transactions and investments between Hong Kong, Macau and nine Guangdong provincial cities to develop the so-called Greater Bay Area (GBA) into one of the world’s largest economic regions.Under the plan, residents of Hong Kong and Macau can buy wealth management products sold by Chinese banks in the region, while the inhabitants of the Guangdong cities can tap financial products sold…

Source : South China Morning Post
Read more…China unveils financial plan for Hong Kong, Macau to spur tighter embrace of Greater Bay Area master plan