The central bank and other five departments: support the legal cross-border purchase of qualified investment products sold by Hong Kong and Macau financial institutions.
BlockBeats news, January 22, recently, five departments including the central bank jointly issued (Opinions on the pilot integration of international high standards in the financial sector in conditional free trade pilot zones (ports) to promote institutional opening).
By allowing foreign financial institutions to carry out new financial services similar to those of Chinese financial institutions, the new financial services referred to in this opinion are financial services that are not provided within the national borders but are already offered and regulated in other countries or regions. The Greater Bay Area is continuously optimizing the 'Cross-Border Wealth Management Connect' pilot, supporting mainland residents in the Greater Bay Area to purchase qualified investment products sold by Hong Kong and Macau financial institutions through these institutions. Expanding the range of participating institutions and qualified investment products, etc.
Allowing the legitimate operation of virtual assets and cross-border investments in Hong Kong and Macau means that the central bank's attitude towards cryptocurrencies has become more open; now anyone can legally purchase cryptocurrencies, use them more widely, and with increased circulation, more people will flock to the crypto market.