Chinese ministries encourage innovative enterprises to list in Hong Kong and Macau

According to the central bank’s official website, the central bank and other ministries and commissions issued opinions on financial support for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, expanding the opening up of the securities industry.

According to the central bank’s official website, the central bank and other ministries and commissions issued opinions on financial support for the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, expanding the opening up of the securities industry.

The opinion supports the orderly establishment of foreign-controlled securities companies, fund management companies and futures companies in the Guangdong-Hong Kong-Macao Greater Bay Area.

This opinion expands the business scope of joint venture securities firms in accordance with law. The foreign exchange administration departments, in conjunction with the securities regulators, will pilot the cross-border business of securities and futures institutions.

The opinion supports Hong Kong and Macao private equity funds to participate in the financing of innovative enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area, and encourage eligible innovative enterprises to go to Hong Kong and Macau for financing and listing.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/16/chinese-ministries-encourage-innovative-enterprises-to-list-in-hong-kong-and-macau/.

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