The PBOC and other ministries issued guidance on financial support to develop
Beijing (Jing‑Jin‑Ji), Shanghai (Yangtze River Delta) and the Guangdong‑Hong
Kong‑Macao Greater Bay Area into international tech‑innovation centres. The
guidance promotes region‑specific tech‑finance systems: Beijing to prioritise
original innovation and channel finance into major scientific infrastructure;
Shanghai to leverage industrial‑cluster synergies and build a multi‑participant,
co‑investment tech‑finance ecosystem; the Greater Bay Area to create an open
tech‑finance regime and deepen high‑level financial interaction and regulatory
alignment among Guangdong, Hong Kong and Macao. It also requires stronger joint
risk‑prevention and control mechanisms and stresses guarding against systemic
financial risk.
