Overseas banks urged to tap Bay Area opportunities

The China Banking Association is encouraging overseas banks to set up branches and explore opportunities for business cooperation in the Guangdong-Hong Kong-Macao Greater Bay Area.

"We hope overseas banks will promote the development and construction of major Guangdong-Hong Kong-Macao cooperation platforms, drawing on their strengths in global comprehensive services," said Pan Guangwei, executive vice-president of the China Banking Association, at a seminar in Shenzhen, Guangdong province, on Tuesday.

Nearly 50 bankers from 26 financial institutions in nine countries and regions attended the seminar, discussing financial sector business opportunities in the Greater Bay Area with the local government. They will also visit the Qianhai area of Shenzhen, the Nansha area of Guangzhou, and the Guangdong High-Tech Service Zone for Financial Institutions.