The first Tsinghua PBCSF Greater Bay Area (Shenzhen) Financial Forum was held in Qianhai, Shenzhen, on May 11.

Themed “Innovation, openness, and cooperation — Finance contributes to high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area’s economy,” the forum attracted scholars and experts in finance studies and financial supervisory departments from across the country. They offered advice and suggestions about how to promote the high-quality development of the Greater Bay Area.

They pointed out that Shenzhen's proximity to Hong Kong, an important global offshore center, gives it a unique advantage in promoting the cross-border use of Renminbi and, in the global supply chain restructuring, the Greater Bay Area should stick to its position as the core hub of supply chains as well as a research and development center, clearing center, and settlement and consolidation center so as to make itself a magnet to talents and to achieve better development through promoting financial cooperation and connectivity.

The forum also discussed such topics as cross-border finance promoting high-standard opening-up and how technology innovation financing can contribute to a nation’s self-reliance in science and technology.