香港金融机构纷纷布局进入前海静待细则，“深圳中环”合作大于竞争。

Hong Kong financial institutions have layout into the sea before waiting rules,"Shenzhen central"Cooperation is greater than the competition.

　　文/特约记者 郭兴艳

Wen/stringer GuoXing brilliant

　　无论是两年前深圳前海总体发展规划获批，还是今年“七一”庆回归前海六大范畴先行先试政策批复，消息公布地点都巧妙地选择了香港。深港合作无疑是前海发展的切入点，如今其发展方向更悄然指向金融开放实验和制度突破。

Whether it was two years ago before shenzhen sea overall development plan approved,Or this year"1"QingHuiGui sea before six category first foretaste policy reply,News sites are cleverly opted for Hong Kong.Deep port cooperation is no doubt the development of sea before starting point,Now its development direction more quietly to the financial opening experiment and system breakthrough.

　　香港各界特别是金融机构，已纷纷布局进入前海静待各项细则出台，追寻市场新利益的冲动把将前海当作“假想敌”的声音推向了边缘。但也有声音质疑，前海从2010年出台至今未见细则，何时能为市场带来实际效果尚待观察。

Hong Kong from all walks of life especially financial institutions,Already have layout into the sea before static to various rules issued,After the market new interests of the impulse of the former as the sea"Simulated enemy"Voice to the edge.But also have voice questioned,The sea from before 2010 so far did not see out detailed rules,When the market can bring the actual effect is yet to be observed.

　　担心不如共同发展 Worry is better than common development

　　香港大学中国金融研究中心主任宋敏向《陆家嘴(600663,股吧)》记者表示，前海发展有发改委牵头27家单位形成的前海建设部际联席会议制度支持。尽管前海目前仍处于“打地基”阶段，但相信在有效决策制度支持下“总是能做成”，深圳“新中环”可与香港中环形成“双核心”。

The university of Hong Kong China financial research center director to SongMin[lujiazui(600663,guba)]reporters,Sea before development to have the development and reform commission (NDRC) lead and home unit formed sea before construction BuJi joint conference system support.Although still in sea before"To lay the foundations"stage,But believe in effective decision support system"Can always make it",shenzhen"The new central"But with the Hong Kong central formation"Dual core".

　　“深圳中环”的提法始于2009年广东省前省长黄华华在香港的一次讲话。他提出深港合作打造现代服务业，前海作为“前店”而香港作为“后厂”,颠覆了港深在制造业合作上前店后厂的惯例序列。

"Shenzhen central"The formulation of guangdong province began in 2009 before the governor huang huahua, a speech in Hong Kong.He proposed a deep port cooperation to build modem service industry,Sea before as"Former shop"While Hong Kong as"Factory after",Overturned port deep in manufacturing cooperation to shop after factory practice sequence.

　　此后，“深圳中环”便和“珠三角曼哈顿”一起，成为以现代服务业特别是金融业为重点的这片15平方公里区域的未来愿景。

Since then,"Shenzhen central"Then and"Pearl river delta Manhattan"together,In the form of modern service industry especially the financial industry as the key point of this piece of 15 square kilometers area's future vision.

　　素有居安思危意识的香港社会旋即掀起了针对深圳特别是前海对香港竞争的讨论。类似的讨论，也在沪港国际金融中心和离岸人民币中心的主题下连番出现。

Known as prepared for danger in times of safety awareness of the community of Hong Kong immediately raised in shenzhen especially sea before the discussion of competition in Hong Kong.Similar discussion,Also in the port of Shanghai international financial center and offshore RMB centre under the theme of a mind-blowing appear.

　　两年前规划初宣布时，前海便在香港与21家企业签订了意向协议。今年7月16日，前海政策宣讲和招商推介会在港召开，再与37家企业签订合作协议或意向协议，包括15家世界500强企业、12家港资企业和12家外资企业，设立企业资金结算中心、运营控制中心的总部项目13个，签约总金额达2200亿元。

Two years ago when early planning announced,Sea before and in Hong Kong and 21 enterprises signed intention agreement.July 16,,Sea before preaching policy and investment promotion meeting held in Hong Kong,Again with 37 enterprises signed a cooperation agreement or intention agreement,Including 15 of the world's top 500 enterprises/12 home hong kong-owned enterprises and 12 foreign-invested enterprise,Set up enterprise capital settlement center/The headquarters of the operation control center project 13,Total amount of signing up to 220 billion yuan.

　　由于近年来香港离岸人民币中心发展蓬勃，深港竞争讨论已趋淡化，但质疑声仍未绝于耳。香港经贸商会会长李秀恒近日撰文称，六大范畴的先行先试政策，对金融业、相关专业人士、办学团体、医疗集团和电讯大亨来说确是好消息，因只要能进驻前海未来将会是海阔天空。

Because the recent years Hong Kong offshore RMB centre to flourish,Deep port competition has become discussion desalination,But the question sound is still not unique in the ear.The Hong Kong economic and trade chamber of commerce chairman LiXiuHeng recently said articles,Six major categories of first foretaste policy,To the financial industry/Related professionals/School groups/The medical group and telecom tycoon it's good news,For as long as you can before the sea in the future will be unrestrained and far ranging.

　　但他担心，香港贫富悬殊的矛盾将更加尖锐，人才流走削弱香港竞争力，“前海果真成为‘珠三角的曼哈顿’后，香港这个国际金融中心还有什么优势？”他重申其观点，“前海作为深港合作的试验田，其定位十分重要，如能做到深港互补则相得益彰，若成为深港恶性竞争则两败俱伤。”

But he is worried about,Hong Kong the contradiction between the rich and the poor will be more sharp,Talent outflow weaken the Hong Kong competitiveness,"Sea before really become‘The pearl river delta Manhattan’after,Hong Kong this international financial center still have what advantage?"He reiterated its views,"Former sea as deep port test-bed for cooperation,Its location is very important,If you can do it deep port complementary, bring out the best in each other,If become deep port, in which both sides had a vicious competition."

　　李秀恒的观点颇具代表性，不少香港金融机构人士则认为这样的心态有些杞人忧天，“现在那里还是一片空地，细则两年了都没出来，能做成什么样还是未知数。”话虽如此，香港金融机构均以抢占先机的心态，与前海签订意向协议。

LiXiuHeng rather representative point of view,Many Hong Kong people think that financial institutions is the mentality of some borrow trouble,"There is a space,Rules for two years didn't come out,What can make it still unknown."That may be the case,Hong Kong financial institutions are in the run-up to state of mind,And the sea before signing intention agreement.

　　中银国际副执行总裁谢涌海向记者表示，不少香港人担心前海将替代中环，但与其担心不如共同发展。宋敏也指出，三十年后香港和深圳将实现同城化，与其老想着你我之分，不如借人民币国际化国策东风携手开拓潜力。

Boc international executive vice President XieChong sea told reporters,Many Hong Kong people worry about sea before will replace central,But rather than worry about them as common development.SongMin also pointed out,Thirty years after Hong Kong and shenzhen city will achieve change,Instead of the old thinking of you my points,RMB internationalization policy than borrow dongfeng to explore the potential.

　　香港银行高息揽储人民币 Hong Kong bank tight embrace store RMB

　　尽管香港社会有关的讨论未断，但对于香港商业机构来说，将市场新机遇转换为实际利益才是王道。其中高调表示计划到前海投资数十亿元的新世界发展主席郑家纯称，初步有意在前海投资金融及现代物流业，若开发地产则将考虑酒店商场等商业地产项目。

Although Hong Kong society relevant discussion not broken,But for Hong Kong for commercial organizations,Will the market new opportunities into actual interests donations.The high-profile says the plan is to sea before investment billions of yuan new world development ZhengGuChun chairman said,Preliminary interested in sea before investment banking and modern logistics industry,If you develop real estate will consider hotel market, commercial real estate project.

　　宋敏指出，此次批复的先行先试政策中，以跨境人民币贷款为首的跨境人民币流动是重中之重，既能为香港金融机构带来实际利益，也为人民币资本项目开放打开了新缺口。

SongMin pointed out that,The rights to the first try in the policy,To cross-border RMB loan led cross-border RMB flow is the top priority,Both Hong Kong financial institutions can bring real benefits,Also for RMB capital project open opened the new gap.

　　人民币跨境贷款消息甫出后，香港财资市场公会便立即组织银行界人士到前海了解更多详情。据一位银行界参会人士透露，央行深圳中心支行行长张建军表明，跨境人民币贷款将设有额度，贷款将仅局限于前海使用。

Cross-border RMB loans news after the just,Hong Kong (money market association will immediately organize the bankers to sea before more details.According to a banking the sources,The central bank shenzhen center branch President ZhangJianJun show,Cross-border RMB loan will be provided with the line,Loan will be limited to the sea before use.

　　上述银行界人士称，前海期望人民币跨境贷款细则可在今年底明年初出台。受前海可进行跨境人民币贷款消息的刺激，香港银行吸引人民币存款资金的热情再次被点燃，有银行甚至开出3.8%的存款年利率。而在此之前的很长一段时间，由于人民币贷款需求不高，香港的人民币存款年利率一直在0.5%~2%之间徘徊。

The bankers said,Sea before expect RMB loans in the end of the cross-border rules on early next year.Before by sea for cross-border RMB loan news stimulation,Hong Kong Banks attract RMB deposit funds enthusiasm was lit again,A bank or even open a 3.8% deposit annual rate.Previously, in very long period of time,Because RMB loan demand is not high,Hong Kong's RMB deposit annual interest rate has been fluctuating between 0.5% ~ 2%.

　　香港金融管理局数据显示，截至今年6月底，香港人民币存款为5577亿元。人民币贷款方面并无最新数据，去年年底的人民币贷款余额为308亿元，去年年初仅为人民币20亿元。

Hong Kong monetary authority data display,By the end of June this year,Hong Kong RMB deposit for 557.7 billion yuan.RMB loans and no new data,By the end of last year the RMB loan balance is 30.8 billion yuan,At the beginning of last year is only 2 billion yuan.

　　已与前海签订合作协议的东亚银行副行政总裁李民桥表示，该行将继续拓展离岸人民币业务，尤其是未来前海合作区将允许企业到香港融资，增加离岸人民币资金出路，而该行正积极吸引人民币存款资金。今年上半年，东亚银行的离岸人民币贷款余额介于240亿~250亿元，比去年底增加1.7倍。

Already and sea before a cooperation agreement deputy chief executive of the bank of east Asia LiMinQiao said,The bank will continue to expand offshore RMB business,Especially the future sea before cooperation will allow companies to Hong Kong financing,Increasing offshore RMB financing way,And the bank is actively attract RMB deposit funds.In the first half of this year,Bank of east Asia offshore RMB loan balance between 24 billion ~ 25 billion yuan,Than the end increased 1.7 times.

　　呼吁允许混业经营 Calls for allow mixed operation

　　除了明确将以试点进行的跨境人民币贷款，前海获支持设立创新型金融机构以及股权投资中心的政策都受到市场关注，市场相关人士均立即行动。

In addition to clear will be pilot of cross-border RMB loan,Sea before the support set up innovative financial institutions and the center of the equity investment policy are subject to market attention,Market relevant personage are immediate action.

　　其中香港银行期待在前海试行混业经营，特区政府期待进一步开拓资产管理业务，以弘毅投资为首的私募股权投资机构也迅速与KKR、JP摩根等召开研讨会探讨前海成为股权投资中心的商机。

The Hong Kong bank expect before sea trial mixes industry the management,The SAR government looking forward to further develop the asset management business,To hony led private equity investment institutions also quickly and KKR/JP Morgan, etc before a conference to explore the sea became the center of the equity investment opportunities.

　　谢涌海指出，欧美一直实行混业经营，分业经营情况下很多创业业务受阻，建议前海成立超级金融管理局，下设各处分别管理银行、证券和保险业。他建议金融机构到前海设立子公司或以集团公司形式出现，以便进行混业经营尝试和风险管理，令风险可控于子公司内，而不传导到母公司中去。

XieChong sea pointed out that,Europe and the United States have been implements mixes industry the management,Separate operation situation a lot of venture business hindered,Suggest sea before super financial administration was established,Under the management of all bank respectively/Securities and insurance.He suggested that financial institutions to sea before set up subsidiaries or group company forms,For mixed operation attempt and risk management,Make risk controlled to within the subsidiary,Without conduction in parent company to.

　　据了解，他在前海咨询委员会首次全体会议上提议，前海可成立超级金融管理局，允许银行、证券、保险、资产管理等金融机构进行混业经营。

It is understood,He in the sea before the first plenary session on the advisory committee of the proposal,The sea can be established before super financial administration,Allows a bank to/securities/insurance/Asset management, and other financial institutions to mixed operation.

　　香港恒生银行副董事长兼行政总裁关燕萍也表示，恒生银行非常期待与前海的合作，希望前海可以降低境外银行在境内混业经营的门槛。

Hong Kong's hang seng bank vice chairman and chief executive GuanYanPing also said,Hang seng bank really looking forward to the cooperation with the sea before,Hope to sea before can reduce foreign bank in China the threshold of the mixed operation.

　　香港金融管理局副总裁彭醒棠在财资市场公会与前海的座谈会中也表明，离岸人民币业务和资产管理业务是深港在前海的合作重点，认为如果一起推出中国“基金护照”制度，让在一方取得批准的基金可同时在另一方销售，资产管理业的前中后台业务必在两地迅速增长。

Hong Kong monetary authority vice President PengXingTang information in money market association and the former sea in the forum also show that,Offshore RMB business and asset management business is deep port in the sea before cooperation key,Think that if together out of China"Fund passport"system,Let in a party obtain approval of the fund at the same time the other party sales,Assets management in the former back-office operations in two places will be rapid growth.

　　至于具体分工合作，他仍提议香港“前店”深圳“后厂”的模式，销售和投资管理前台工作集中于香港，后台工作则考虑在前海进行。

As for the specific division of labor cooperation,He is still offer Hong Kong"Former shop"shenzhen"Factory after"model,Sales and investment management foreground focus in Hong Kong,The background is thinking about work in the sea.