"Cross-border Wealth Management Connect" Shenzhen individual investors have reached 67,000, with cross-border payment and receipt amounts approaching 59 billion yuan.

The Shenzhen Financial Regulatory Bureau released the “Report on the High-Quality Development of Financial Services by 2025,” showing that Shenzhen actively connects with the “introduction” strategy and gathers international financial resources. By 2025, foreign banks will continue to establish branches in Shenzhen, with Banco Santander Spain opening a branch smoothly, and Fubon Bank Hong Kong approved to establish a branch. Currently, Shenzhen has attracted 39 operational institutions from 35 banks across 9 countries and regions, including 16 Hong Kong-funded legal banks and branches, making it the city with the highest concentration of Hong Kong-funded banks on the mainland. At the same time, Shenzhen is optimizing cross-border financial services to support deep integration with Hong Kong and Macau. The steady implementation of the “Cross-border Wealth Management Connect” 2.0 version is underway. By the end of 2025, local banks will have served 67,000 individual investors, with cross-border payment and receipt amounts reaching 58.52 billion yuan, accounting for over 40% of the Greater Bay Area’s total. Cross-border insurance cooperation between Shenzhen and Hong Kong continues to deepen, with annual cross-border auto insurance premium income reaching 587 million yuan. (Shenzhen Financial Regulatory Bureau)