According to Jin Ten, the People's Bank of China and other five departments jointly issued the "Opinions on Promoting Institutional Opening of the Financial Sector with International High Standards in the Pilot Free Trade Zone (Hong Kong) with Conditions". The "Opinions" from allowing foreign-funded Financial Institution Groups to carry out new financial services similar to those of Chinese-funded Financial Institution Groups, make a decision on the application of Financial Institution Groups to carry out related services within 120 days, support the cross-border purchase of certain types of overseas financial services in accordance with the law, facilitate foreign investors' investment-related transfer of inward and outward remittance, improve cross-border flow arrangements for financial data, and comprehensively strengthen financial supervision and other six aspects propose 20 policy measures. These include the continuous optimization of the "Cross-border Wealth Management Connect" pilot in the Guangdong-Hong Kong-Macao Greater Bay Area, supporting mainland residents in the Guangdong-Hong Kong-Macao Greater Bay Area to purchase eligible investment products sold by the Hong Kong-Macao Financial Institution Group through the Hong Kong-Macao Financial Institution Group, and expanding the scope of participating institutions and eligible investment products.