Research on the FinancialLegal Regulatory System of GuangdongHong Kong-Macao Greater Bay Area
Journal: International Journal of Arts and Social Science (Vol.4, No. 4)Publication Date: 2021-08-30
Authors : Lei Li;
Page : 06-211
Keywords : Guangdong-Hong Kong-Macao Greater Bay Area; legal regulatory system; financial cooperation;
Abstract
The construction of the Guangdong-Hong Kong-Macao Greater Bay Area is a major city cluster construction strategy in China, and it is of great practical importance to enact legislation to guide cooperation in various fields. Therefore, it is highly significant to ensure the stable cooperation of financial order in the Bay Area from the perspective of legal construction and keep the financial risks within a benign range.This paper will illustrate the necessity of financial regulatory cooperation among Guangdong-Hong Kong-Macao Greater Bay Area in the existing financial legal system and point out the obstacles to financial regulatory cooperation in the Greater Bay Area, and further proposes such strategies as formation of the Greater Bay Area Financial Legal Regulatory Cooperation Council to enhance the convergence between laws and regulations, and establishment of a financial arbitration center in the Greater Bay Area.
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