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5 White Paper on the Business Environment in China
5,000 booths at a time). science and innovative industries. A formal document titled
Macau’s Closer Economic Partnership Arrangement the “Administrative Measures on Registration of Hengqin
Zhuhai Special Commercial and Economic Zone” has been
(CEPA) with Mainland China was signed on October 17, promulgated to create a better business environment by
2003 and came into e ect on January 1, 2004. e agreement simplifying registration formalities.
o ers Macau-made products tari -free access to the mainland.
Macau Economic Services issued 1,612 CEPA certi cates of Infrastructure
origin, with a total product export value of MOP201,714,946,
from January 2004 to the end of June 2011. With respect Air
to trade in services, Macau Economic Services has approved Macau is accessible by air from most major cities in Asia
411 “Macau Service Supplier” certi cates, for companies
primarily engaged in transport and logistics; conventions plus a number of domestic destinations. All passengers using
and exhibitions; management consulting; construction; the modern Macau International Airport are subject to an
distribution; telecommunications; legal, advertising, sales and airport tax and passenger tax.
marketing services for air transport; real estate; audiovisual
services, travel agencies, medical and dental services, job Road
referral agency services, air transport services as well as Macau consists of a peninsula and the two islands of Taipa
trademark agencies, and more.
and Coloane. ree bridges, the Nobre de Carvalho Bridge,
Spotlight on Hengqin Island Friendship Bridge (Ponte da Amizade) and Sai Van Bridge,
A plan to upgrade the status of Hengqin Island in Zhuhai link the peninsula to Taipa. As well, the two islands are
linked by the six-lane 2.2 kilometer Taipa-Coloane Causeway.
(connected to Macau by bridge) from “Special Economic Construction of the Hong-Kong-Zhuhai Macau Bridge
Zone” to a “Free Trade Zone” was approved by the central began at the end of 2009 and is due to be completed by the
government in August 2011. e new policies will aim for end of 2016.
discriminative customs management on the 106.5-square
kilometer island. Overseas goods shipped to the island – Ports and waterways
except for goods that cannot enjoy free duties according to Macau Port includes an outer harbor for passenger vessels
related regulations – will enjoy import duty exemption, and
will still be subject to tari s if they are destined for other parts to/from Hong Kong, as well as an inner port for cargo. e
of Mainland China. In addition to import duty exemption, Ka-Ho Harbor includes a fuel oil terminal and company-
commodity trading among enterprises based on Hengqin exclusive piers. ere are regular ferries and helicopters
Island is also exempt from value-added tax and consumption providing 24-hour service to Hong Kong. Ferries also connect
tax payment. It is hoped that some eligible local enterprises with the Shekou Port in Shenzhen.
will be allowed to pay corporate income tax at a lower rate of
15 percent.
e Hengqin Project was rst brought to the table in
January 2009 by then-Chinese Vice President Xi Jinping, who
is convinced that the development of Hengqin Island will
provide new areas for development and diversi cation within
Macau’s economy. is view is echoed by the present chief
executive of Macau, who highlighted that making use of the
Hengqin Development Zone and expanding cooperation with
neighboring regions can help to diversify the local economy.
As Macau is quite small in size, the government is
thinking about ways to expand the scope of attraction
outside its current domain. As “China’s southern door to the
world,” Hengqin triples Macau in size, providing the city
with the necessary space to build facilities that are essential
for leisure tourism, such as wetland parks and theme parks,
as well as new resorts and hotels closer to nature. Hengqin
will also o er many precious opportunities to small and
medium-sized enterprises, especially in the areas of medical
266
5,000 booths at a time). science and innovative industries. A formal document titled
Macau’s Closer Economic Partnership Arrangement the “Administrative Measures on Registration of Hengqin
Zhuhai Special Commercial and Economic Zone” has been
(CEPA) with Mainland China was signed on October 17, promulgated to create a better business environment by
2003 and came into e ect on January 1, 2004. e agreement simplifying registration formalities.
o ers Macau-made products tari -free access to the mainland.
Macau Economic Services issued 1,612 CEPA certi cates of Infrastructure
origin, with a total product export value of MOP201,714,946,
from January 2004 to the end of June 2011. With respect Air
to trade in services, Macau Economic Services has approved Macau is accessible by air from most major cities in Asia
411 “Macau Service Supplier” certi cates, for companies
primarily engaged in transport and logistics; conventions plus a number of domestic destinations. All passengers using
and exhibitions; management consulting; construction; the modern Macau International Airport are subject to an
distribution; telecommunications; legal, advertising, sales and airport tax and passenger tax.
marketing services for air transport; real estate; audiovisual
services, travel agencies, medical and dental services, job Road
referral agency services, air transport services as well as Macau consists of a peninsula and the two islands of Taipa
trademark agencies, and more.
and Coloane. ree bridges, the Nobre de Carvalho Bridge,
Spotlight on Hengqin Island Friendship Bridge (Ponte da Amizade) and Sai Van Bridge,
A plan to upgrade the status of Hengqin Island in Zhuhai link the peninsula to Taipa. As well, the two islands are
linked by the six-lane 2.2 kilometer Taipa-Coloane Causeway.
(connected to Macau by bridge) from “Special Economic Construction of the Hong-Kong-Zhuhai Macau Bridge
Zone” to a “Free Trade Zone” was approved by the central began at the end of 2009 and is due to be completed by the
government in August 2011. e new policies will aim for end of 2016.
discriminative customs management on the 106.5-square
kilometer island. Overseas goods shipped to the island – Ports and waterways
except for goods that cannot enjoy free duties according to Macau Port includes an outer harbor for passenger vessels
related regulations – will enjoy import duty exemption, and
will still be subject to tari s if they are destined for other parts to/from Hong Kong, as well as an inner port for cargo. e
of Mainland China. In addition to import duty exemption, Ka-Ho Harbor includes a fuel oil terminal and company-
commodity trading among enterprises based on Hengqin exclusive piers. ere are regular ferries and helicopters
Island is also exempt from value-added tax and consumption providing 24-hour service to Hong Kong. Ferries also connect
tax payment. It is hoped that some eligible local enterprises with the Shekou Port in Shenzhen.
will be allowed to pay corporate income tax at a lower rate of
15 percent.
e Hengqin Project was rst brought to the table in
January 2009 by then-Chinese Vice President Xi Jinping, who
is convinced that the development of Hengqin Island will
provide new areas for development and diversi cation within
Macau’s economy. is view is echoed by the present chief
executive of Macau, who highlighted that making use of the
Hengqin Development Zone and expanding cooperation with
neighboring regions can help to diversify the local economy.
As Macau is quite small in size, the government is
thinking about ways to expand the scope of attraction
outside its current domain. As “China’s southern door to the
world,” Hengqin triples Macau in size, providing the city
with the necessary space to build facilities that are essential
for leisure tourism, such as wetland parks and theme parks,
as well as new resorts and hotels closer to nature. Hengqin
will also o er many precious opportunities to small and
medium-sized enterprises, especially in the areas of medical
266
