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China unveils sweeping package to spur cross-border financial development in Greater Bay

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China’s central bank and financial regulators unveiled a sweeping plan to spur cross-border financial services, transactions and investments between Hong Kong, Macau and nine Guangdong provincial cities to develop the so-called Greater Bay Area (GBA) into one of the world’s largest economic regions.

The People’s Bank of China, together with the nation’s banking, securities and foreign exchange regulators, on Thursday announced a package of potential measures to support the so-called . . .

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