Guangdong: Build Guangzhou International Financial City and Qianhai Shenzhen-Hong Kong International Financial City, and attract financial technology and other financial service institutions.

ME News message, May 20 (UTC+8): the General Office of the People’s Government of Guangdong Province issued a notice on printing and distributing the “Three-Year Action Plan for High-Quality Development of Service Trade in Guangdong Province (2026–2028).”

Build the Guangzhou International Financial City and the Qianhai Shenzhen-Hong Kong International Financial City, attract financial service institutions such as fintech, and provide enterprises with “one-stop” internationalized financial solutions.

Encourage eligible foreign-funded institutions to participate in investment and financing activities such as wealth management, green finance, elderly care and health, and asset management.

Orderly advance the pilot of integrated domestic and foreign-currency cash pools for multinational corporations. Support service-type enterprises to join the pilot of multinational corporation cash pool business as member enterprises, so as to facilitate fund allocation within a group.

Support financial institutions in providing services such as unsecured credit financing, policy-backed financing, accounts receivable pledge financing, and supply chain financing for service trade enterprises, and bring more service trade enterprises into the scope of high-level open and facilitation business for cross-border trade.

Support insurance institutions to strengthen cooperation with overseas insurance institutions on the premise of lawful and compliant operations, and develop insurance products such as medical insurance and shipping insurance.

Encourage financial institutions to increase the supply of financial services for service trade enterprises, and improve the level of financial service facilitation by taking into account enterprises’ foreign exchange collection and settlement characteristics and needs.

(Source: Jin10)