The launch ceremony of the cross-border financial and asset management center in the Guangdong-Hong Kong-Macao Greater Bay Area took place in Guangzhou on June 8.

The city will cultivate a "Guangzhou Asset Management Corridor" with one city (Guangzhou International Financial City in Tianhe district), one port (Yuzhu area of Huangpu Port), and one bay (the starting area of Mingzhu Bay in Nansha district) as the core.

The launch ceremony. [Photo/Nanfang Plus]

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, as well as insurance service centers in Hong Kong and Macao, with the aim of building the city into a global cross-border financial and asset management center.

Tianhe district will build the asset management platform with the "1+2+N" mode to promote the agglomeration of asset management institutions, encourage the digitalization of asset management methods, cultivate the diversification of the asset management ecosystem, as well as to innovate various asset management services.