Guangdong, Hong Kong And Macao Free Trade Zone Set Up A Negative List Of Hong Kong And Macao

Reporter P recently learned from authoritative sources that the general plan of Guangdong, Hong Kong and Macao free trade area is relatively mature and is at the final stage of perfection.

The overall plan has been approved by the central government recently, and the opinions of 28 ministries and commissions have been sought.

The plan will consider setting up a negative list separately for Hong Kong and Macao, and will focus on cross-border RMB business in financial innovation.

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< p > "Guangdong, Hong Kong and Macao free trade zone" has been prepared for a long time, the scheme is generally mature, but it is still in the internal research stage.

The biggest feature of the Guangdong, Hong Kong and Macao free trade area is also the difference from the Shanghai free trade area. It is the deep cooperation between Guangdong, Hongkong and Macao in the three areas, forming the overall competitiveness in the Pearl River Delta region and making the economic cake in the Greater Pearl River Delta region.

The authority said, as for the launch time, the central government still needs unified deployment.

He believes that the provincial conditions are ripe and the program will mature.

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< p > it is understood that compared with the opening and innovation of Shanghai Free Trade Zone, Guangdong, Hong Kong and Macau FTA focuses more on external affairs, focusing on Guangdong's economic ties with Hongkong and Macao.

Insiders pointed out that although the FTA in Guangdong, Hong Kong and Macau does not have the same orientation as the free trade zone in Shanghai, the degree of openness and innovation may be even greater than that of the latter.

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< p > in terms of financial innovation, due to the deep cooperation between Guangdong, Hongkong and Macau, Hongkong as an international financial center, there will be more room for financial cooperation in the future.

"For example, cross border two-way loans, at the present stage, RMB funds are more precipitated in Hong Kong and Macau. We should consider how to achieve effective reflux of RMB funds and support the development of domestic real economy. In this regard, we should consolidate the status of offshore RMB center in Hongkong, and also support Guangdong's pformation and upgrading. Supporting Guangdong's real economic development is a win-win situation."

The above pointed out that the financial innovation of Guangdong free trade area has great room for financial services.

The current stage of the scheme covers the entire financial sector, not just traditional credit, but also other forms of financial innovation.

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< p > it is understood that the total assets of Guangdong are about 17 trillion yuan, and the financial assets of Guangdong, Hong Kong and Macau will add up more.

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< p > financial innovation in Guangdong, Hong Kong and Macao free trade area will be an important part of the cross border use of RMB and the construction of offshore and offshore RMB centers.

On the one hand, we should give full play to the role of Hongkong's internationalization platform, and promote Guangdong's abundant financial capital "going out" to carry out greenbelt investment, merger and acquisition investment and securities investment, expand the RMB going out channels; on the other hand, we should jointly innovate RMB investment products, guide offshore RMB resources to serve Guangdong's economic development, and improve the RMB reflux mechanism.

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In the negative list, the authority said that under the framework of CEPA ("Closer Economic Partnership Arrangement between Mainland and Hongkong and Macao"), there will be a separate negative list of Hong Kong and Macau P.

In order to reflect the deep opening of Hong Kong and Macao, the negative list for Shanghai and Macao will be shorter than the negative list of the international free trade area.

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Zhu Xiaodan, governor of Guangdong Province, also said that in the future, the Guangdong, Hong Kong and Macao free trade area is different from Shanghai. The specific open object is the "national treatment and negative list to be taken out by Hong Kong and Macau", which will be a more complete and shorter list, and a shorter list than the Shanghai free trade zone.

At the same time, the FTA will promote the pformation and upgrading of Guangdong. The future reform will lower the admittance mechanism and be as convenient as doing things in Hongkong.

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< p > reporter learned from the Guangdong provincial government website that Guangdong Province officially issued the key task of implementing the Pearl River Delta planning outline in 2014, and put forward 36 key tasks, including deepening reform and accelerating innovation.

In the Guangdong, Hong Kong and Macao free trade area, Guangdong indicated that it should speed up the declaration of the establishment of Guangdong, Hong Kong and Macau Free Trade Zone, and explore the implementation of the national treatment plus negative list management mode before admission.

Take the lead in basically realizing the liberalization of trade in services between Guangdong, Hong Kong and Macao.

We will deepen the cooperation between Guangdong, Hongkong and Macau, a href= "http://www.91se91.com/news/index_cj.asp" and capital market < /a >, and support the launching of a joint venture "a href=" http://www.91se91.com/news/index_cj.asp "securities" /a ", and strive to conduct pilot projects for overseas investment of qualified domestic individual investors.

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< p > Ding Li, director and professor of Guangdong Academy of Social Sciences Regional and enterprise competitiveness research center, told the economic reference Daily reporter that in fact, Guangdong, including Qianhai, Foshan and other regions, has been exploring the negative version of the regional version.

From the perspective of the free trade area, the establishment of a negative list of Hong Kong and Macao faces a solid role in accelerating investment cooperation between the three places.

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"P", but he also expressed concern that "Guangdong and Hong Kong and Macao governments, there is a large gap in the concept of governance, rules of conduct, and so on, compared to the Guangdong government like a corporate government, and the Hong Kong and Macao government is closer to the service type government."

How to make the three places better integrated is a difficult problem.

In his view, through the construction of the free trade zone system, it is the key to find a path for the government to truly achieve pformation.

Not only is it necessary to make negative lists, but the mainland needs to rearrange the basic functions of the government and really put power in the cage.

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< p > experts also suggest that when adjusting the commercial laws such as a href= "http://www.91se91.com/news/index_cj.asp" > Company Law < /a > tax law, we should consider introducing the laws of higher internationalization in Hongkong, so as to facilitate the development of Hongkong's financial, professional services and trade in goods.

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