Guangzhou collaborates with leading digital asset groups to advance cross-border digital asset innovation in the Greater Bay Area.

Recently, a leading digital asset financial service group signed a memorandum of cooperation with the Guangzhou Data Exchange. With government support, both parties will promote the establishment of a cross-border flow innovation pilot zone for digital assets in Nansha, Guangzhou, build a compliance investor mechanism, explore compliant issuance channels for data circulation trading and innovative digital asset trading services in the Guangdong-Hong Kong-Macao Greater Bay Area, and assist the Greater Bay Area in creating a new highland for digital economic development.

This cooperation is a key step for both parties to implement relevant opinions and actively respond to national strategic deployments, deeply integrating into the development of the Guangdong-Hong Kong-Macau Greater Bay Area. Using the collaborative development in the digital asset field as a breakthrough, it aims to promote the deep integration of financial resources in Hong Kong with technological and industrial resources in the mainland. It fully utilizes the advantages of the mainland's physical industrial resources and Hong Kong's strengths as an international financial center, which includes the gathering of global capital and efficient financial service expertise, to form organic linkage and deep complementarity. Both parties will use specific practical cases as a starting point to connect the digital asset trading rule systems of Guangdong and Hong Kong in a full-process closed loop, jointly formulate standards related to data circulation and innovative digital asset trading services, and actively cultivate a compliance digital asset service ecosystem.

Through in-depth cooperation between the exchanges in Guangdong and Hong Kong, we can clarify the ecological system of the digital asset industry, compliance, and the iterative path of trial and error. Based on the clear safety red lines and compliance matters of institutional innovation, we anchor the underlying assets on-chain and press the acceleration button for innovative services in digital asset trading in the Guangdong-Hong Kong-Macao Greater Bay Area, promoting the full-chain development of digital asset projects from creative incubation to industrial implementation, and building an innovative ecological system for digital assets with global resource allocation capabilities, thereby fully enhancing the region's strategic position in the global digital economy landscape.

This digital asset financial service group has built a global Web3 ecosystem since 2018 under a high compliance regulatory framework, covering regions such as Hong Kong, Singapore, Japan, and Bermuda. This includes licensed virtual asset exchanges, asset management institutions, over-the-counter trading services, Web3 infrastructure providers, and tokenization service institutions. The group also has a rich on-chain ecosystem, having developed an Ethereum L2 chain and launched an ecosystem token.

Since its establishment in Nansha in September 2022, the Guangzhou Data Exchange has constructed a "horizontal to municipalities, vertical to industries" full-chain data circulation trading ecosystem, covering 25 industries including intelligent manufacturing, finance, and health care, and has established 14 data integration application service bases across the country. As a key node for data element circulation in the Guangdong-Hong Kong-Macao Greater Bay Area, it deeply explores cross-border two-way data circulation mechanisms, promotes cross-border flow of data elements relying on the "Data Special Zone", has facilitated the "offshore trade" of cross-border data products to complete the data asset registration work, and has helped Guangzhou achieve a "zero" breakthrough in the registration of cross-border data assets. It has also promoted the completion of transactions for "ESG rating data" with partners located in Hong Kong, aiding in the implementation of the nation's first cross-border ESG data transaction.