A financial forum commenced in Hengqin on December 16, inviting experts and scholars in the field of finance to share insights on the global economic situation and the financial cooperation between Hengqin and Macao.
Regarding China's economic trend and the financial development in Hengqin and Macao, Wang Jingwen, director of the Macro Research Center of China Minsheng Bank, believed that as the real estate market kept cooling down in 2023, the financial sector should focus on strengthening financial supervision, serving the real economy, and managing financial risks.
Geng Xiao, a professor at the Chinese University of Hong Kong, Shenzhen, suggested that to implement high-quality dual circulation strategy, Hengqin should capitalize on opportunities arising from both domestic circulation and international circulation. It should also promote the construction of the offshore unified market in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through institutional innovation, he said.
Wang Qian, a professor at Jilin University, pointed out that green finance could enhance high-quality economic development through industrial upgrading, technological innovation, and environmental regulations. He emphasized that green finance in the GBA (Greater Bay Area) could make carbon-related futures a key focus, in order to construct a carbon-based financial system and establish a unified standard for the green finance sector.
Reporter | Nancy Ye
Editors | Nan, Steven, Monica, James
Photos provided to GDToday
