The cooperation between these two regions is proceeding fast in the direction of systemization, standardization and in all aspects. The new situation related to Guangdong-Macao Cooperation shows that the integration continues to deepen and strengthen. What comes next will be the need for cross-border fund flow and fund transfer. The related cross-border financial services should follow up to accommodate.
We can make use of the implementation of the “Guangdong-Macao Cooperation Framework Agreement”, and stick to the principle of servicing the real economy, in order to encourage and promote the programmes under cooperation to be denominated in RMB, and hence more RMB cross-border business. However, nowadays only remittances relating to individuals and cross-border trade are allowed to be transferred.