Since the issuance of the "Opinions on Financial Support for the Comprehensive Deepening of Reform and Opening up in the Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone" (referred to as the "Qianhai Finance 30 Articles") on February 23, the Shenzhen Hong Kong Private Equity Connect mechanism has been explored in an orderly manner, and the opening and expansion of the banking, securities, and insurance industries has accelerated. The cross-border free flow of capital factors has shown results, and the interconnection of the financial markets in the Guangdong Hong Kong Macao Greater Bay Area has injected new vitality and achieved new breakthroughs. Standard Chartered Private Equity has settled in Qianhai, promoting the construction of a technology innovation investment and financing system. The "Qianhai Financial 30 Measures" mentioned deepening the interconnection of the Shenzhen Hong Kong financial market and infrastructure, and taking the lead in cross-border finance. Explore the Shenzhen Hong Kong Private Equity Connect mechanism in an orderly manner, allow the Qianhai Cooperation Zone to carry out cross-border two-way equity investment facilitation pilot projects for Hong Kong, and support the coordinated development of Shenzhen Hong Kong venture capital funds and private equity investment funds in the Qianhai Cooperation Zone. On March 17th, Standard Chartered Private Equity Fund Management (Shenzhen) Co., Ltd. (referred to as "Standard Chartered Private Equity") completed registration and filing, becoming the second foreign private equity firm to successfully register this year. It is reported that Standard Chartered Private Equity is wholly owned by Standard Chartered Bank (Hong Kong) Limited, and the institutional types are private equity and venture capital fund managers. In February 2022, Standard Chartered Bank (China) Limited ("Standard Chartered China") and Shenzhen Angel Fund Management Company signed a strategic cooperation agreement in Shenzhen. The two sides will deepen cooperation in cross-border finance, fund custody, and ecological construction to jointly build an incubation ecosystem for small and medium-sized scientific and technological innovation enterprises in the Greater Bay Area. In July of the same year, Standard Chartered Private Equity landed in Qianhai, Shenzhen. Lin Yuandong, CEO of Standard Chartered Bank in the Greater Bay Area, stated at the time that the number of science and technology innovation enterprises in Guangdong, Hong Kong, and Macao is large and highly concentrated. Their development and growth cannot be separated from financial support. Together with Shenzhen Angel Fund, they will leverage the unique location advantages of the Greater Bay Area to promote the construction of a diversified, cross regional, and international technology innovation investment and financing system, and support more small and medium-sized science and technology innovation enterprises to grow into benchmark enterprises with global competitiveness. Daxin Bank Shenzhen Branch opened in Qianhai, providing financial services to support the real economy. At the end of March, the Shenzhen Banking and Insurance Regulatory Bureau announced its approval for the opening of Daxin Bank Shenzhen Branch and issued a "Financial License". According to the announcement, the operating capital of Daxin Bank Shenzhen Branch is 300 million yuan, which can operate foreign exchange business to various customers and RMB business to customers other than Chinese citizens within the following scope, including absorbing public deposits, issuing short-term, medium-term and long-term loans, handling bill acceptance and discounting, acting as an agent for issuing, redeeming and underwriting government bonds, buying and selling government bonds, financial bonds, and other businesses approved by the banking regulatory authority of the State Council. As a Hong Kong funded bank, Dah Sing Bank registered and established its Shenzhen branch in 2004. Subsequently, with the approval of the competent authorities, the original Shenzhen branch was restructured into a wholly-owned corporate bank. In August 2008, Daxin Bank established Daxin Bank (China) Co., Ltd. in Shenzhen as a wholly-owned legal entity bank in mainland China. In June last year, with the approval of the China Banking and Insurance Regulatory Commission, Daxin Bank utilized the policy of "allowing foreign banks to establish both subsidiaries and branches in China" to establish a Shenzhen branch in Qianhai on the basis of existing corporate subsidiaries, becoming the first overseas bank in China to be approved for establishment with a "dual license". The "30 Measures of Qianhai Finance" mention the need to expand the opening up of the financial industry to the outside world, take the lead in foreign exchange management reform and RMB internationalization, and strengthen the role of the national financial industry as a demonstration window for opening up to the outside world. Among them, expanding the opening up of the banking, securities, and insurance industries. Foreign financial institutions, especially those in Hong Kong, are allowed to establish commercial banks, wealth management subsidiaries, consumer finance companies, and pension management companies in the Qianhai Cooperation Zone. Bank of China Shenzhen Branch (hereinafter referred to as "Bank of China Shenzhen") has successfully processed the first batch of overseas foreign exchange transactions for two enterprises, making cross-border RMB import trade settlement more convenient. This business is the first batch of overseas foreign exchange transactions implemented under the "30 Measures for Qianhai Finance" and a major breakthrough in cross-border RMB import trade settlement in the past decade. On the one hand, it facilitates enterprises to conduct goods trade through RMB pricing, and on the other hand, it is beneficial for enterprises to fully utilize the two markets and exchange rates at home and abroad, lock in exchange rate risks, save exchange costs, and reduce financial costs. It is reported that under the guidance of the Shenzhen Central Branch of the People's Bank of China, Bank of China in Shenzhen has taken the "30 Measures for Qianhai Finance" policy as a guide, combined with the actual development of cross-border RMB business in Qianhai Cooperation Zone, conducted in-depth research on enterprise needs, and made innovative breakthroughs and pioneering efforts in deepening Shenzhen Hong Kong financial cooperation, deepening the interconnection of Shenzhen Hong Kong financial markets and infrastructure, assisting the opening up of the financial industry to the outside world, and supporting characteristic financial industries. Next, Bank of China in Shenzhen will continue to leverage its advantages in cross-border financial services, seize the opportunity of deepening reform in Qianhai, take the lead in financial innovation, actively explore and support the implementation of the "30 innovative measures for Qianhai finance", promote the development of the Qianhai Shenzhen Hong Kong modern service industry cooperation zone, and contribute financial strength to the construction of the "dual zone" service. (New Society)