Drive the development of regional financial market

According to the Beibu Gulf Urban Agglomeration Development Plan approved by the State Council on Jan 20, 2017, the city cluster will provide support to financial institutions to set up branches in the Beibu Gulf urban agglomeration in accordance with relevant regulations and guidelines, and under the premise of controllable risks.

Cooperation in financial regulation will be further enhanced, and illegal fund-raising crimes will be cracked down on and prevented, with the aim of gradually advancing integration of financial management services, including financial information and foreign exchange management.

The city cluster plans to set up a trading market for intellectual property and technological achievements in the region, and will promote the coordinated development of dumping rights, water utilization rights, forest property rights, waters usage rights, and other trading platforms in accordance with the principle of "total quantity control, rational distribution, and careful examination and approval".

The region will rely on existing trading floors to develop spot transactions of characteristic commodities for Southwest China and the ASEAN market, such as rubber, energy, steel, and sugar.

Note: This is a courtesy interpretation of part of the Beibu Gulf Urban Agglomeration Development Planning. In case of discrepancies, the Chinese text prevails.