Page 148 - 2021 Special Report
P. 148
Special Economic Zones demonstration project for Zhuhai to promote
the diversification of Macau's industry and
Industrial integration of Zhuhai Hengqin assist in Zhuhai-Macau cooperation, and is an
and Macau important measure in this regard. Zhuhai will
provide more than 50,000 square meters of
The Hengqin New Area, located in the international office space and public service
Zhuhai Special Economic Zone and part of the platform. As an entity platform for the diversified
Guangdong Free Trade Zone, is only a stone’s development of Macau's industry, it will provide
throw away from Macau. As part of the “One a full range of services to 300-500 emerging
Country, Two Systems” policy, the Central industries with diverse industries in Macau. The
Government is trying to integrate the economies agreement marks a new stage of comprehensive
of Hong Kong, Macau and Mainland China. advancement of Zhuhai-Macau cooperation.
Hengqin is directly across the water from Macau,
and as such is a pilot zone for integration. With As of the end of April 2020, there were 2,522
professional zone management, as well as the Macau-invested enterprises in Hengqin New
most preferential investment policies in South District of Zhuhai City, with registered capital of
China, the Hengqin New Area offers appealing US$13.944 billion.
incentives to investors.
In the next step, the Macau government will
In July 2020, the website of the Hong Kong develop a diversified economy and is committed
and Macau Affairs Office of the People's to developing Macau into a comprehensive
Government of Guangdong Province announced tourism city that integrates tourism, gaming,
the implementation of key tasks in 2020 under conventions and exhibitions, cultural and creative
the "Guangdong-Macau Cooperation Framework spaces, shopping and food, and will strive to
Agreement", accelerating the establishment of a further deepen regional cooperation to support
Guangdong-Macau in-depth cooperation zone in the development of Macau's SMEs, thereby adding
Hengqin, establishing a system and mechanism momentum to economic diversification.
for Guangdong-Macau co-construction, and
exploring more flexible and open ways of Summary
cooperation to facilitate the exchange of
personnel and economy between Guangdong Macau will work closely with Mainland China,
and Macau. revise the CEPA agreement, gradually liberalize
some restrictive measures, promote investment
In the same month, Hengqin New District and facilitation, strengthen exchanges and promote
Macau Special Administrative Region signed the coordinated development of the Guangdong-
"Cooperation Agreement on Jointly Promoting Hong Kong-Macau Greater Bay Area. Macau and
Hengqin and Macau Youth Entrepreneurship Hengqin have launched in-depth cooperation
Incubation" to establish an information arrangements. The space and resources
exchange and resource sharing mechanism; and provided by Hengqin for the development of
the Macau Youth Entrepreneurship Incubation Macau's industries will help to develop emerging
Center signed a "cross-border joint incubation" industries, create opportunities for foreign
framework agreement. All of this will help investment, generate industrial prosperity and
Guangdong and Macau to achieve in-depth gradually build leisure areas that integrate
cooperation with the market seamlessly and tourism, gaming and exhibitions.
highly in line with international standards.
On 10 May 2019, Zhuhai and Macau officially
signed a co-construction agreement for the
“Macau Industrial Diversity Cross Gate Central
B u s i n e s s D i s t r i c t S e r v i c e B a s e ”. A c c o r d i n g
to the agreement, the service base is a key
148
the diversification of Macau's industry and
Industrial integration of Zhuhai Hengqin assist in Zhuhai-Macau cooperation, and is an
and Macau important measure in this regard. Zhuhai will
provide more than 50,000 square meters of
The Hengqin New Area, located in the international office space and public service
Zhuhai Special Economic Zone and part of the platform. As an entity platform for the diversified
Guangdong Free Trade Zone, is only a stone’s development of Macau's industry, it will provide
throw away from Macau. As part of the “One a full range of services to 300-500 emerging
Country, Two Systems” policy, the Central industries with diverse industries in Macau. The
Government is trying to integrate the economies agreement marks a new stage of comprehensive
of Hong Kong, Macau and Mainland China. advancement of Zhuhai-Macau cooperation.
Hengqin is directly across the water from Macau,
and as such is a pilot zone for integration. With As of the end of April 2020, there were 2,522
professional zone management, as well as the Macau-invested enterprises in Hengqin New
most preferential investment policies in South District of Zhuhai City, with registered capital of
China, the Hengqin New Area offers appealing US$13.944 billion.
incentives to investors.
In the next step, the Macau government will
In July 2020, the website of the Hong Kong develop a diversified economy and is committed
and Macau Affairs Office of the People's to developing Macau into a comprehensive
Government of Guangdong Province announced tourism city that integrates tourism, gaming,
the implementation of key tasks in 2020 under conventions and exhibitions, cultural and creative
the "Guangdong-Macau Cooperation Framework spaces, shopping and food, and will strive to
Agreement", accelerating the establishment of a further deepen regional cooperation to support
Guangdong-Macau in-depth cooperation zone in the development of Macau's SMEs, thereby adding
Hengqin, establishing a system and mechanism momentum to economic diversification.
for Guangdong-Macau co-construction, and
exploring more flexible and open ways of Summary
cooperation to facilitate the exchange of
personnel and economy between Guangdong Macau will work closely with Mainland China,
and Macau. revise the CEPA agreement, gradually liberalize
some restrictive measures, promote investment
In the same month, Hengqin New District and facilitation, strengthen exchanges and promote
Macau Special Administrative Region signed the coordinated development of the Guangdong-
"Cooperation Agreement on Jointly Promoting Hong Kong-Macau Greater Bay Area. Macau and
Hengqin and Macau Youth Entrepreneurship Hengqin have launched in-depth cooperation
Incubation" to establish an information arrangements. The space and resources
exchange and resource sharing mechanism; and provided by Hengqin for the development of
the Macau Youth Entrepreneurship Incubation Macau's industries will help to develop emerging
Center signed a "cross-border joint incubation" industries, create opportunities for foreign
framework agreement. All of this will help investment, generate industrial prosperity and
Guangdong and Macau to achieve in-depth gradually build leisure areas that integrate
cooperation with the market seamlessly and tourism, gaming and exhibitions.
highly in line with international standards.
On 10 May 2019, Zhuhai and Macau officially
signed a co-construction agreement for the
“Macau Industrial Diversity Cross Gate Central
B u s i n e s s D i s t r i c t S e r v i c e B a s e ”. A c c o r d i n g
to the agreement, the service base is a key
148
