Li Dongrong, a former vice governor of the People's Bank of China, addressed the 7th Greater Bay Area Financial Development Forum, emphasizing the importance of steadily facilitating the cross-border flow of financial data within the Greater Bay Area. He underscored the need to reinforce data compliance utilization and implement full-chain supervision to mitigate potential risks. Furthermore, Li Dongrong urged for intensified efforts in the application of fintech, aiming to elevate the standard of cross-border financial services and foster innovation and groundbreaking advancements in the region.