On August 12th, the Guangzhou Municipal People's Government, in conjunction with the Guangdong Provincial Branch of the People's Bank of China and four other departments, officially announced the "Implementation Plan for Implementing the Opinions on Financial Support for Deepening Comprehensive Cooperation between Guangdong, Hong Kong, and Macao in Nansha, Guangzhou towards the World" (hereinafter referred to as the "Implementation Plan"). The Implementation Plan proposes 88 specific measures in comparison to the "30 Measures for Nansha Finance" to promote the construction of Nansha as a demonstration window for China's financial industry's opening up to the outside world, a carrier area for financial innovation functions, and an important node in the international financial hub of the Guangdong Hong Kong Macao Greater Bay Area. In May this year, five departments including the People's Bank of China jointly issued the Opinions on Financial Support for Guangzhou Nansha to Deepen the World oriented Comprehensive Cooperation between Guangdong, Hong Kong and Macao (referred to as "Nansha Finance 30 Articles"), which proposed 30 measures in seven aspects, including improving innovative and entrepreneurial financial services, strengthening financial services in the field of people's livelihood, developing characteristic financial services, promoting the interconnection of Guangdong, Hong Kong and Macao financial markets, carrying out cross-border financial innovation and exchanges, improving financial regulatory mechanisms and safeguard measures. After the release of the "30 Measures for Nansha Finance", various departments in Guangzhou and the national financial regulatory agencies stationed in Guangdong quickly collaborated and completed the "Implementation Plan" within three months, providing strong support for the timely implementation of policies. The Implementation Plan proposes 88 implementation measures in seven aspects, including improving innovation and entrepreneurship financial services, strengthening financial services in the field of social livelihood, developing characteristic financial services, promoting the interconnection of Guangdong Hong Kong Macao financial markets, carrying out cross-border financial innovation and exchanges, improving financial regulatory mechanisms, and safeguard measures. Improve innovation and entrepreneurship financial services, and support the construction of technology innovation industry cooperation bases. Deepen the promotion of the 'Benefit Enterprise Win Win Plan'. Promote commercial banks to establish technology branches in Nansha. Promote the inflow of insurance funds into Guangzhou. Support enterprises to issue science and technology innovation bonds. Promote more companies to go public. Promote the innovation of digital asset trading services in data exchanges. Increase the supply of marine insurance. Improve the policy support system for youth entrepreneurship in Hong Kong and Macao. Improve the convenience of opening bank settlement accounts for young entrepreneurs in Hong Kong and Macau. Strengthen financial services in the field of social livelihood and support the creation of a new benchmark for high-quality urban development. Deepen the pilot work of digital RMB and promote the optimization and application of digital currency bridge projects and functions by banking institutions. Promote mutual recognition of credit products among the three regions. Carry out pilot projects for cross-border circulation of internal data in banks. Continuously optimize the mutual recognition mechanism of professional qualifications among the three regions. Support large domestic and foreign financial institutions to establish training centers in Nansha. Develop distinctive financial services and improve the modern financial industry. Explore the launch of electricity futures or more new energy futures products. Conduct pre evaluation of green buildings, develop a list of green electricity consuming enterprises, and provide differentiated credit support for green enterprises (projects). Cultivate and attract domestic and foreign green certification institutions to settle in Nansha. Support the development and growth of Guangzhou Shipping Exchange and Guangzhou Shipping Joint Trading Center, and work together with Hong Kong and Macao to expand cross-border shipping trading business. Support fintech and artificial intelligence companies to settle in Nansha. Support high-quality securities companies that meet the conditions to obtain public fund qualifications through new establishment or mergers and acquisitions and land in Nansha. Promote the interconnectivity of financial markets in Guangdong, Hong Kong, and Macao, and accelerate the construction of a high-level mechanism for connecting rules and regulations. Systematically expand the scope of pilot banks for free trade accounts and enhance the overall functionality of the free trade account system. Actively explore new models of international cooperation in futures varieties. Promote the aggregation of relevant market entities such as futures companies, risk subsidiaries, and spot enterprises' delivery warehouses (factories) and extended storage areas in Nansha. Promote banking institutions to act as agents for cross-border insurance after-sales services. Optimize the QFLP management method, simplify the application process, enhance the digitalization level of the existing platform, and provide policy interpretation and other information services for the application subject. Carry out cross-border financial innovation and exchange, and create a high-level gateway for opening up to the outside world. Accelerate the establishment of the Guangdong Hong Kong Macao Greater Bay Area International Commercial Bank in Nansha. Actively introduce overseas sovereign wealth funds, high-quality family offices, venture capital and other institutions. Support Hong Kong and Macau investors to establish securities companies, fund companies, fund sales companies, etc., and participate in controlling domestic futures companies. Promote the pilot program of canceling the RMB capital special deposit account for foreign direct investment in Nansha. Promote banks to provide efficient and convenient cross-border fund settlement services for real and legal new offshore international trade and cross-border e-commerce, and continuously improve settlement efficiency. Explore the main body, scope, and types of steadily expanding cross-border asset transfer business. Improve the financial regulatory mechanism. Strengthen the coordination between central and local supervision, and establish an information sharing mechanism with central regulatory agencies stationed in Guangdong. Strengthen the supervision of local financial organizations. Jointly promote more cross-border innovative applications to enter the Greater Bay Area sandbox for network testing with the financial regulatory departments of the three regions, and continuously improve the networking mechanism of the regulatory sandboxes in the three regions. Strengthen research and application of regulatory technology. Strengthen the monitoring of cross-border fund movements in the Nansha Free Trade Zone, improve the financial risk prevention, early warning, and disposal mechanisms in the Nansha Free Trade Zone. In terms of safeguard measures, fully leverage the leading and safeguarding role of financial party building. Strengthen the empowerment of financial reform, opening up, and innovation. Make full use of the clear application authorization method and strive for the support of relevant national departments to deepen reform and expand opening up in the financial sector. Attract international high-level financial talents to settle in and encourage financial institutions to support the construction of Nansha International Talent Special Zone. (New Society)