Digital asset financial giants join hands with Guangzhou Digital Exchange to layout a new highland of digital economy in the Greater Bay Area.

Recently, a leading digital asset financial service group signed a memorandum of cooperation with the Guangzhou Data Exchange. Both parties, with the support of the governments of Guangdong and Hong Kong, will promote the construction of a cross-border innovation pilot zone for digital asset flow in Nansha, Guangzhou, establish a compliance investor mechanism, and explore compliant issuance channels for data circulation transactions and innovative digital asset trading services in the Guangdong-Hong Kong-Macao Greater Bay Area, contributing to the creation of a new highland for digital economy development in the Greater Bay Area.

This cooperation is a key step for both parties to implement the "Opinions on Financial Support for Deepening Comprehensive Cooperation in Guangdong-Hong Kong-Macao from a Global Perspective" recently jointly issued by relevant departments, as well as to actively respond to national strategic deployments and deeply integrate into the development of the Guangdong-Hong Kong-Macao Greater Bay Area. By taking the collaborative development in the digital asset field as a breakthrough, it aims to promote the deep integration of Hong Kong's financial resources with the mainland's technology and industrial resources. Fully leveraging the advantages of the mainland's real industrial resources and Hong Kong's strengths as an international financial center in gathering global capital and providing efficient financial services, it seeks to form organic interaction and deep complementarity.

Both parties will take specific practical cases as the starting point to fully connect the digital asset trading rule systems of Guangdong and Hong Kong, jointly formulate standards related to data circulation and innovative digital asset trading services, and actively cultivate a Compliance digital asset service ecosystem. Through deep cooperation between the exchanges in Guangdong and Hong Kong, the digital asset industry ecosystem, compliance, and trial-and-error iterative paths can be clarified. Based on a clear understanding of the safety red lines and compliance matters of institutional innovation, anchor the underlying assets on the chain, press the acceleration key for innovative digital asset trading services in the Guangdong-Hong Kong-Macao Greater Bay Area, promote the full-chain development of digital asset projects from creative incubation to industrial landing, and build a digital asset innovation ecosystem with global resource allocation capabilities, thereby enhancing the region's strategic position in the global digital economy landscape.

Since its establishment in Nansha in September 2022, the Guangzhou Data Exchange has built a "horizontal integration to cities and vertical integration to industries" full-chain data circulation and trading ecosystem. Its services cover 25 industries, including intelligent manufacturing, finance, and health care, with 14 data integration application service bases established nationwide. As a key node for data element circulation in the Guangdong-Hong Kong-Macao Greater Bay Area, it deeply explores mechanisms for cross-border bi-directional data circulation, relies on the "Data Special Zone" to promote the cross-border flow of data elements, and has facilitated the completion of the data asset entry process for cross-border data products "offshore trade." This has helped Guangzhou achieve a "zero" breakthrough in the entry of cross-border data assets and has promoted the completion of transactions for "ESG rating data" with partners located in Hong Kong, aiding the country's first case of cross-border transactions involving ESG data.

This cooperation will further promote the collaborative development of the Guangdong-Hong Kong region in the field of digital assets, injecting new momentum into the development of the digital economy in the Guangdong-Hong Kong-Macao Greater Bay Area. Both parties will work together to explore innovative models, promote the standardization and internationalization of digital asset trading, and make positive contributions to the development of the digital economy in the Greater Bay Area and even the whole country.