On April 11, 2024, the Financial Seminar Series [1] 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 Associate include Dean Eva Khong of the Faculty of Finance, City University of Macau.

Dr. Ren, 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.

First, in introducing the overall landscape of the financial industry in the Greater Bay Area, Dr. Ren conducted an in-depth analysis of the Bay Area, particularly focusing on the financial sectors in Hong Kong and Macau.

Dr. Ren pointed out that the policy on the integration of cross-border finance in Macau 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 Macau's financial market as well as its financial radiation capabilities to Portuguese-speaking countries. This policy supports Macau in establishing a financial services platform between China and Portuguese-speaking countries and is committed to developing Macau into a RMB clearing center for Portuguese-speaking countries. In terms of specific policy measures, 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". These initiatives are designed to attract qualified wealth management and financing leasing companies to set up operations in Macau.

In addition, the government is promoting the Cross-Border Wealth Management Connect policy and the establishment of a cross-border insurance service center to further expand the scale and scope of RMB cross-border usage within the Greater Bay Area. The implementation of these policies not only helps enhance the breadth and depth of Macau's financial market and strengthen its international competitiveness but also injects new momentum into the economic development of the Guangdong-Hong Kong-Macau Greater Bay Area and the broader regional economy.

Dr. Ren emphasized that cross-border financial cooperation plays an important role in facilitating capital flows, optimizing resource allocation, and promoting industrial upgrades. It is expected to become a key driving force for economic integration within the Greater Bay Area. When discussing the prospects of the integration of cross-border finance in Macau 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.

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 Macau 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 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.