Cross-border financial center begins operation in Nansha

The cross-border financial and asset management center in the Guangdong-Hong Kong-Macao Greater Bay Area (Guangzhou Nansha) started operation on Feb 4.

It will promote the digital transformation of asset management, as well as boost innovation in asset management products like pension finance, green finance, cross-border finance, and technology finance.

It will also advance the construction of international business banks in the Greater Bay Area, and insurance service centers in Hong Kong and Macao. It aims to build Nansha into a global cross-border finance and asset management hub.

Nansha has now gathered nearly 7,000 financial enterprises in 23 categories, including banks, security, financial leasing and privately offered funds. It is also home to 13 listed enterprises with a total market value of over 130 billion yuan ($19 billion).

The district's cross-border trade and investment have made transactions to the amount of over $11.6 billion since the implementation of opening-up procedures, which gradually enhances the quality and effectiveness of Nansha's cross-border investment and financial services in the real economy.

The cross-border financial and asset management center in Nansha starts operation. [Photo/WeChat account: nanshafabu]