Page 510 - 2020 White Paper on the Business Environment in China
P. 510
0 White Paper on the Business Environment in China
On February 22, 2019, the “Outline of the In the next step, the Macau government will
Development Plan for the Guangdong-Hong develop a diversified economy and is committed
Kong-Macao Greater Bay Area” proposed to developing Macau into a comprehensive
a number of measures for Hengqin and tourism city that integrates tourism, gaming,
Macau industry cooperation. Hengqin will conventions and exhibitions, cultural and
leave sufficient space for the development creative spaces, shopping and food, and will
of new industries in Macau, except for the 5 strive to further deepen regional cooperation
square kilometers for the Guangdong-Macao to support the development of Macau's SMEs,
Cooperative Industrial Park. In addition, it will thereby adding momentum to economic
further utilize the already built office and office diversification.
space, and open up and innovate on policies
such as "cross-border offices" to attract Macao Summary
companies to work in Hengqin, so that Hengqin’s
land and office building space is suitable for Macau will work closely with Mainland China,
Macao companies, providing space and a revise the CEPA agreement, gradually liberalize
medium for SMEs. Hengqin hopes to establish some restrictive measures, promote investment
a new industrial cooperation mechanism with facilitation, strengthen exchanges and promote
Macao to jointly plan new industries and share coordinated development of the Guangdong-
the results of project construction. Hong Kong-Macao Greater Bay Area. Macau and
Hengqin have launched in-depth cooperation
On April 4, 2019, the Zhuhai Hengqin New arrangements. The space and resources
District Management Committee issued the provided by Hengqin for the development of
“Interim Measures on Encouraging Macao Macao's industries will help to develop emerging
Enterprises to Enter Cross-Border Offices industries, create opportunities for foreign
in Hengqin” which encourage cross-border investment, generate industrial prosperity and
commuting and give cross-border office gradually build leisure areas that integrate
companies a maximum of Rmb70 per square tourism, gaming and exhibitions.
meter per month. The rent subsidy assists
employees in paying social security and school
enrollment fees.
On May 10, 2019, Zhuhai and Macao officially
signed a co-construction agreement for the
“Macau Industrial Diversity Cross Gate Central
Business District Service Base”. According
to the agreement, the service base is a key
demonstration project for Zhuhai to promote
the diversification of Macao's industry and
assist in Zhuhai-Macao cooperation, and is an
important measure in this regard. Zhuhai will
provide more than 50,000 square meters of
international office space and public service
platform. As an entity platform for the diversified
development of Macau's industry, it will provide
a full range of services to 300-500 emerging
industries with diverse industries in Macau. The
agreement marks a new stage of comprehensive
advancement of Zhuhai-Macau cooperation.
510
On February 22, 2019, the “Outline of the In the next step, the Macau government will
Development Plan for the Guangdong-Hong develop a diversified economy and is committed
Kong-Macao Greater Bay Area” proposed to developing Macau into a comprehensive
a number of measures for Hengqin and tourism city that integrates tourism, gaming,
Macau industry cooperation. Hengqin will conventions and exhibitions, cultural and
leave sufficient space for the development creative spaces, shopping and food, and will
of new industries in Macau, except for the 5 strive to further deepen regional cooperation
square kilometers for the Guangdong-Macao to support the development of Macau's SMEs,
Cooperative Industrial Park. In addition, it will thereby adding momentum to economic
further utilize the already built office and office diversification.
space, and open up and innovate on policies
such as "cross-border offices" to attract Macao Summary
companies to work in Hengqin, so that Hengqin’s
land and office building space is suitable for Macau will work closely with Mainland China,
Macao companies, providing space and a revise the CEPA agreement, gradually liberalize
medium for SMEs. Hengqin hopes to establish some restrictive measures, promote investment
a new industrial cooperation mechanism with facilitation, strengthen exchanges and promote
Macao to jointly plan new industries and share coordinated development of the Guangdong-
the results of project construction. Hong Kong-Macao Greater Bay Area. Macau and
Hengqin have launched in-depth cooperation
On April 4, 2019, the Zhuhai Hengqin New arrangements. The space and resources
District Management Committee issued the provided by Hengqin for the development of
“Interim Measures on Encouraging Macao Macao's industries will help to develop emerging
Enterprises to Enter Cross-Border Offices industries, create opportunities for foreign
in Hengqin” which encourage cross-border investment, generate industrial prosperity and
commuting and give cross-border office gradually build leisure areas that integrate
companies a maximum of Rmb70 per square tourism, gaming and exhibitions.
meter per month. The rent subsidy assists
employees in paying social security and school
enrollment fees.
On May 10, 2019, Zhuhai and Macao officially
signed a co-construction agreement for the
“Macau Industrial Diversity Cross Gate Central
Business District Service Base”. According
to the agreement, the service base is a key
demonstration project for Zhuhai to promote
the diversification of Macao's industry and
assist in Zhuhai-Macao cooperation, and is an
important measure in this regard. Zhuhai will
provide more than 50,000 square meters of
international office space and public service
platform. As an entity platform for the diversified
development of Macau's industry, it will provide
a full range of services to 300-500 emerging
industries with diverse industries in Macau. The
agreement marks a new stage of comprehensive
advancement of Zhuhai-Macau cooperation.
510
