Significant boost imminent for financial ties in key region

Financial ties among Guangdong, Hong Kong and Macao will be further strengthened through promoting cross-area trading connections and financial innovation, said analysts, after the central authorities issued a comprehensive development plan for the Greater Bay Area.

A new connection mechanism for wealth management product investment across financial markets in Guangdong, Hong Kong and Macao will be launched later, which is the subject of a study being led by the People's Bank of China, the central bank, two officials familiar with the matter told China Daily on Tuesday.

The plan will progressively promote cross-boundary transactions of financial products within the Greater Bay Area, to continue expanding the types of financial products and investment channels, said the officials, without disclosing further details.