23 February 2023
On 23 February 2023, the Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone of Shenzhen Municipality issued the "Opinions of the People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the State Administration of Foreign Exchange and the People's Government of Guangdong Province on Comprehensively Deepening Reform and Opening-up of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone" ("the Opinions"). The Opinions proposed to deepen the financial cooperation between Shenzhen and Hong Kong, including facilitating the cross-border investment and financing of Hong Kong enterprises, and supporting start-up business of Hong Kong enterprises and Hong Kong people in the Qianhai Cooperation Zone. In addition, the Opinions permitted qualified Hong Kong-funded Small and Thin-profit Enterprises ("STEs") to obtain loans of up to RMB5 million from overseas banks. The Opinions also support the Shenzhen Stock Exchange set up a bond platform in the Guangdong-Hong Kong-Macao Greater Bay Area and promote interconnection between Mainland bond markets and the Hong Kong Stock Exchange.