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Wen Kaiyin: Deepen FinTech Collaboration in the Greater Bay Area and Enhance Integration of FinTech Resources within the Greater Bay Area
BlockBeats News, November 3rd. Wen Kaiyin, Deputy Director of the Local Financial Supervision and Administration Bureau of Guangzhou, Guangdong Province, China, stated at the Hong Kong Fintechweek 2025 that Guangzhou is taking the lead in national-level financial technology innovation regulation, capital market fintech innovation, blockchain innovation applications, digital RMB pilots, among others. Since the implementation of the financial technology innovation regulation pilot in 2020, Guangzhou has implemented 12 financial technology innovation projects. The capital market fintech innovation pilot has implemented the first batch of 13 pilot projects, ranking first in pass rate among pilot cities.
In the future, Guangzhou will closely cooperate in financial technology within the Greater Bay Area, leveraging the high level of financial internationalization in Hong Kong, the active innovation of market entities in Shenzhen, and the strong scientific research capabilities in Guangzhou. It will strengthen the integration of financial technology resources within the Greater Bay Area, increase support for the construction of financial technology infrastructure such as data transaction and storage platforms, and the national financial technology evaluation center. It aims to deepen mutually beneficial cooperation in areas such as building a financial technology collaborative innovation platform and a financial technology industry alliance. It will enhance the network effect of core cities in the Greater Bay Area through point-to-point connections and regional coverage, promoting high-quality development of financial technology in the Greater Bay Area.
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