A turning point was found for the financial cooperation between Guangdong and Hongkong when the “Closer Economic Partnership Arrangement” (simply called CEPA) was formally signed in 2003. Guangdong,as a fast developing province in the inland China, has a unique advantage of the economic strength and the local position to cooperate with Hongkong for the further development. On the basis of theoretical analysis and affirming the strategic significant of the cooperation between Guangdong and Hongkong, this paper mainly discusses the status of the financial cooperation and the opportunities of the future cooperation between the two. Then the setup of the capital exchange could be gradually formed, and the cooperation in payment or clearing would be promoted rapidly, and the cooperative business between bank would be handed well. With this good condition, there will be much development space in expanding market business and changing the mode of the economics. Yet, because of the complete deference system, there is still some barriers between the two partners’ cooperation in social credit and market mode. The following steps can be adopted for the further cooperation, fatherly strengthening diversified cooperation in financial field, making the condition to improve the cooperation level in financing, fatherly strengthening the support power of the government to ensure the effectively enact of the financial cooperation.
【Key Words】CEPA;the Region of Guangdong and Hongkong;
Financial cooperation