Guangzhou legislators eye golden opportunities from Greater Bay Area

Authorities in Guangzhou, the capital of Guangdong province, have planned to establish a futures exchange, a commercial bank and an international financial island to facilitate the overall development of the Guangdong-Hong Kong-Macao Greater Bay Area, according to a senior government official.

"By establishing such financial services and other facilities in culture, trade and big data, we are aiming to develop the Guangdong-Hong Kong-Macao Greater Bay Area into a world-class bay area and forge a top international city cluster in the Pearl River Delta," said Wen Guohui, mayor of Guangzhou.

Wen made the remarks while delivering a government work report during the annual local legislative meeting, which opened on Tuesday.