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A consensus agreement has been reached on the principles and the procedures to be adopted regarding the future Greater Bay Area joint wealth management system, the Monetary Authority of Macau indicated today (Friday).
On May 2020, the People’s Bank of China (PBOC), China Banking and Insurance Regulatory Commission (CBIRC), China Securities Regulatory Commission (CSRC) and State Administration of Foreign Exchange (SAFE) issued a Circular in which several measures for promoting an integrated financial services market within the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) were unveiled.
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