国产人人色I色婷婷综合久久中文字幕雪峰I奇米色777欧美一区二区I久热久热aV爽青青在线I国产av喷水I国产伦精品一区二区三区免.费I高潮av在线Iww欧美一级I91天天看I黄a在线91I九一无码中文字幕久久无码色…I丰满国产精品视频二区

US EUROPE AFRICA ASIA 中文
China / HK Macao Taiwan

Guangdong opens door to HK consumer finance companies

By Oswald Chen in Hong Kong (China Daily) Updated: 2012-06-28 07:12

Hong Kong financial institutions will be allowed to establish consumer finance companies in Guangdong province through a pilot program in the Pearl River Delta, the central government said, according to a Xinhua News Agency statement on Wednesday.

The plan will also promote coordination among airports, harbors and train systems in the Pearl River Delta, including Hong Kong.

"Allowing Hong Kong financial institutions to establish consumer finance companies in Guangdong may provide business opportunities for local financial institutions to tap the huge mainland consumer finance market, as local players have a competitive edge in using proficient marketing techniques," said Terence Chong, executive director of the Institute of Global Economics and Finance.

"I envisage that the cross-border yuan lending pilot scheme can be kick-started shortly to realize Hong Kong-Guangdong financial cooperation," Chong added.

The central government has promoted economic cooperation across the border through a framework agreement signed in April 2010. The framework covered nine areas of cooperation, including infrastructure, manufacturing and education.

The framework envisioned that Guangdong and Hong Kong can formulate an advanced manufacturing and modern service industry base through leveraging Hong Kong's advantages in the service industry and Guangdong's niches in manufacturing.

It also aimed to elevate economic cooperation by concentrating on the development of high-end service industries.

The State Council in 2010 approved the construction of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone through the development of high-end financial, logistics, information technology and professional services industries in the Qianhai area, a 15-square-kilometer special development zone in Shenzhen.

The National Development and Reform Commission said last week that the various pilot economic measures involving the Qianhai area are expected to get the State Council's approval very soon.

Contact the writer at oswald@chinadailyhk.com

Highlights
Hot Topics
...