On April 11, 2024, the Financial Seminar Series [22] Luso Bank Financial Forum organized by the Faculty of Finance at the City University of Macau was held at the Ho Yin Convention Centre on Taipa Campus. Dr. Ren Tao, Deputy General Manager of the Development Research Department and Director of the Economic Research Center at Luso International Banking, was invited as the keynote speaker. His presentation was titled "Policy Interpretation and Prospects of Cross-Border Financial Integration between Qin and Macau". Guests attending this seminar include Dean Adrian Cheung and Associate Dean Eva Khong of the Faculty of Finance, City University of Macau.

Dr. Ren Tao, Deputy General Manager of the Development Research Department and Director of Economic Research Center at Luso International Banking, is a distinguished researcher appointed by the National Institution for Finance and Development. He has been invited multiple times to lecture for regulatory entities. He has published over 30 articles in various journals such as "Statistical Research" and operates public accounts "Dr. Ren's Macro Talk" and " Phoenix-Tree-Capital", with a following of more than 300,000 fans.

Dr. Ren began by introducing the overall situation of the financial industry in the Greater Bay Area and provided an in-depth analysis and interpretation of the policy on the integration of cross-border finance in Macao and Hengqin, as well as its future development prospects. The Hengqin-Macao region, as a combination of China's special economic zone and international financial center, enjoys unique advantages and significant strategic significance in cross-border financial cooperation.

According to Dr. Ren Tao, the policy on the integration of cross-border finance in Macao and Hengqin aims to promote the interconnection and interoperability of financial markets by deepening financial cooperation between the two regions, further enhancing the breadth and depth of Macao's financial market as well as its financial radiation capabilities to Portuguese-speaking countries. In terms of policy, to attract qualified wealth management and financing leasing companies to settle in Macao, the government is actively promoting the revision of the "Regulations on the constitution and operation of investment funds and investment funds managing companies" and has completed the legislation of the "Trust Law." At the same time, the implementation of cross-border wealth management and insurance service centers aims to enhance the breadth, depth, and financial radiation capabilities of Macao's financial market. The implementation of these policies will not only help enhance the international competitiveness of Macao's financial industry, but also inject new vitality into the economic development of the Guangdong-Hong Kong-Macao Greater Bay Area and beyond. He particularly emphasized the positive role of cross-border financial cooperation in promoting capital flows, optimizing resource allocation, and promoting industrial upgrading.

When discussing the prospects of the integration of cross-border finance in Macao and Hengqin, Dr. Ren expressed that with further opening and integration of the financial markets in the two regions, more financial products and services will achieve cross-border interconnection in the future, offering more convenient and efficient financial services to residents and enterprises in both regions. At the same time, with the continuous innovation and application of financial technology, cross-border financial cooperation will also usher in more development opportunities and challenges.

In addition, Dr. Ren also conducted an in-depth analysis of current hot topics in the financial market. He mentioned that a series of recently issued financial support policies, such as the Opinions on Financial Support for the Development of the Guangdong-Macao Intensive Cooperation Zone in Hengqin, have provided strong policy support for the integration of cross-border finance in Macao and Hengqin. The introduction of these policies will further promote the opening and innovation of financial markets, providing broader space and opportunities for cross-border financial cooperation. While interpreting these policies, Dr. Ren emphasized the important role of cross-border financial cooperation in promoting economic development in both regions. He pointed out that through cross-border financial cooperation, not only can capital flow freely and efficiently, but it can also promote the coordinated development of industries in both regions, enhancing the economic competitiveness of the entire Greater Bay Area. At the same time, Dr. Ren also brought up issues that require attention in cross-border financial cooperation. He emphasized the need to strengthen financial supervision, risk prevention and control to ensure the compliance and security of cross-border financial activities.

This seminar provided students and faculty at City University of Macau with an opportunity to acquire a deep understanding of the policy on the integration of cross-border finance in Macao and Hengqin and provided new ideas and directions for promoting regional financial cooperation and development. The Faculty of Finance at City University of Macau expressed sincere gratitude to Dr. Ren Tao, Deputy General Manager of the Development Research Department and Director of the Economic Research Center at Luso International Banking, for his insightful sharing. Through this seminar, students have received important guidance and inspiration for their future development, and they have benefited greatly. The Faculty of Finance will continue to organize such activities to strengthen the integration of financial theory and practice, and strive to cultivate modern financial talents.