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Financial Innovation and Cooperation Within City Clusters During the Establishment of Export Insurance Credit System in Macao with the Aid of Zhuhai

In: Financial Innovation and Paths of Cooperation of City Clusters

Author

Listed:
  • Shusong Ba

    (China Banking Association)

  • Zhifeng Wang

    (ESG and Sustainable Finance Committee of China Economic System Reform Research Association)

Abstract

Cities become more integrated with modern transportation, communication and information technology and form large geographical city clusters. As a geographical space, city clusters are becoming an important force in balancing regional development and driving economic growth. Among them, the “9 + 2” city cluster of the Guangdong-Hong Kong-Macao Greater Bay Area has become one of China’s most open and economically vibrant regions with the strongest comprehensive strengths by virtue of its characteristics such as “one country, two systems, three customs zones, four core cities, three regulatory systems and multiple regulatory bodies”. Zhuhai and Macao, as important cities in the Bay Area, have unique advantages in cooperation, which will provide new ideas to promote financial cooperation in the city cluster and realize the transformation and upgrading from service economy to innovation economy.

Suggested Citation

  • Shusong Ba & Zhifeng Wang, 2025. "Financial Innovation and Cooperation Within City Clusters During the Establishment of Export Insurance Credit System in Macao with the Aid of Zhuhai," Springer Books, in: Financial Innovation and Paths of Cooperation of City Clusters, chapter 0, pages 115-130, Springer.
    • Handle: RePEc:spr:sprchp:978-981-96-7198-4_8
    DOI: 10.1007/978-981-96-7198-4_8
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