Policy Guarantee for the Development of FinTech Under the Flow of Information Technology in Guangdong-Hong Kong-Macao Greater Bay Area

Abstract

In the era of science and technology empowering the financial industry, to seize new opportunities in the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, we must first vigorously develop financial technology, which is the core driving force for the development of the global digital economy. The key to the development of financial technology lies in the strong guarantee of policies. Policies can overcome certain lag in the law. Under the basic principles of the law, they can play a role in politics, management, finance and administration to achieve various goals. In other words, to develop financial technology in the Greater Bay Area, it is necessary to rely on policy guarantees to open up a convenient and orderly flow channel for talents, goods, funds, and information in the Greater Bay Area, and to promote regional integration in the Bay Area. Policy guarantees such as competition guarantee, platform construction guarantee, and risk prevention and response will realize the benign interaction among various production factors under the guarantee of financial technology policies in the Greater Bay Area.