Guangzhou: Strengthen cooperation on elderly care financing with Hong Kong and Macao, explore promoting collaboration between mainland and Hong Kong-Macao financial institutions to develop cross-border elderly care financial products in the Greater Bay Area.
Guangzhou issued measures to promote the high-quality development of pension finance. Among them, it mentions exploring cooperation in pension finance with Hong Kong and Macau. Supporting financial institutions to provide cross-border pension financial services, relying on the abundant advantages of pension and medical resources, combining the "Guangdong Care Home Care Services Program", Hong Kong's "Elderly Medical Voucher Greater Bay Area Pilot Program", and the Hong Kong-Macau Pharma Exchange and other favorable policies, strengthening cooperation in pension finance with Hong Kong and Macau, exploring and promoting cooperation in developing cross-border pension financial products and cross-border medical insurance products in the Greater Bay Area with mainland and Hong Kong and Macau financial institutions, and improving the quality and effectiveness of cross-border pension services.
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