Page 140 - 2023 Special Report on the State of Business in South China
P. 140
Special economic zones - By 2035, the economic strength and
technological competitiveness of the Cooperation
Master Plan of the Development of the Zone will be greatly enhanced, and the goal
Guangdong-Macau Intensive Cooperation of promoting Macau’s adequate economic
Zone in Hengqin87 diversification will basically be realized.
The General Plan for Construction of the Focusing on four nascent industrial sectors89:
Guangdong-Macau In-Depth Cooperation Zone
in Hengqin was issued on 5 September 2021. It - Scientific and technological research and
establishes the 106km2 cooperation zone covering high-end manufacturing industries
a customs-supervised area between the “first line”
and “second line” of Hengqin Island. The “first-line” - Traditional Chinese medicine and Macau
refers to Hengqin Island and the Macau, while the branded industries
"second-line" refers to the area between Hengqin
Island and other Chinese customs territories. - Cultural tourism, convention and
exhibition, and commercial and trade industries
Focusing on the mission to “advocate Macau's
moderate economic diversification”, the zone is - Modern financial industry
defined as:
Summary
- A new platform to boost Macau's economic
diversification Macau will proactively integrate into the overall
national development plan to realize its economic
- A new space for Macau residents to live diversification, by promoting the implementation
and work of the Guangdong-Macau Intensive Cooperation
Zone in Hengqin and deepening cooperation
- A new model to enrich the practice of “one with Guangdong province in various aspects
country, two systems” including tourism, innovation and technology, and
people's livelihoods. Macau will also pragmatically
- A new ground for building up the promote the development of the GBA, bridge
Guangdong-Hong Kong-Macau Greater Bay Area economic regulations and mechanisms of the
three places, accelerate flows of resources;
The development goals contain88: enhance infrastructure interconnections,
facilitate development of a modern financial
- By 2024, the mechanism of mutual services industry, participate in, and support the
discussion, joint construction, joint administration development of the Belt and Road Initiative.
and share benefits between Guangdong and Macau
will run smoothly, and the supportive functions 89 Government site of Macau, https://www.gov.
for promoting Macau’s adequate economic mo/en/news/234180/
diversification will initially be seen.
- By 2029, the Cooperation Zone will
highly synergize with Macau’s economy, the
system for in-depth cohesion of regulations
will be comprehensively established, and the
results in promoting Macau’s adequate economic
diversification will be obviously achieved.
87 Guangdong-Macau In-Depth Cooperation
Zone in Hengqin, http://www.hengqin.gov.cn/Macau_
en/hzqgl/zjhzq/qygk/index.html
88 Government site of Macau, https://www.gov.
mo/en/news/234180/
140
technological competitiveness of the Cooperation
Master Plan of the Development of the Zone will be greatly enhanced, and the goal
Guangdong-Macau Intensive Cooperation of promoting Macau’s adequate economic
Zone in Hengqin87 diversification will basically be realized.
The General Plan for Construction of the Focusing on four nascent industrial sectors89:
Guangdong-Macau In-Depth Cooperation Zone
in Hengqin was issued on 5 September 2021. It - Scientific and technological research and
establishes the 106km2 cooperation zone covering high-end manufacturing industries
a customs-supervised area between the “first line”
and “second line” of Hengqin Island. The “first-line” - Traditional Chinese medicine and Macau
refers to Hengqin Island and the Macau, while the branded industries
"second-line" refers to the area between Hengqin
Island and other Chinese customs territories. - Cultural tourism, convention and
exhibition, and commercial and trade industries
Focusing on the mission to “advocate Macau's
moderate economic diversification”, the zone is - Modern financial industry
defined as:
Summary
- A new platform to boost Macau's economic
diversification Macau will proactively integrate into the overall
national development plan to realize its economic
- A new space for Macau residents to live diversification, by promoting the implementation
and work of the Guangdong-Macau Intensive Cooperation
Zone in Hengqin and deepening cooperation
- A new model to enrich the practice of “one with Guangdong province in various aspects
country, two systems” including tourism, innovation and technology, and
people's livelihoods. Macau will also pragmatically
- A new ground for building up the promote the development of the GBA, bridge
Guangdong-Hong Kong-Macau Greater Bay Area economic regulations and mechanisms of the
three places, accelerate flows of resources;
The development goals contain88: enhance infrastructure interconnections,
facilitate development of a modern financial
- By 2024, the mechanism of mutual services industry, participate in, and support the
discussion, joint construction, joint administration development of the Belt and Road Initiative.
and share benefits between Guangdong and Macau
will run smoothly, and the supportive functions 89 Government site of Macau, https://www.gov.
for promoting Macau’s adequate economic mo/en/news/234180/
diversification will initially be seen.
- By 2029, the Cooperation Zone will
highly synergize with Macau’s economy, the
system for in-depth cohesion of regulations
will be comprehensively established, and the
results in promoting Macau’s adequate economic
diversification will be obviously achieved.
87 Guangdong-Macau In-Depth Cooperation
Zone in Hengqin, http://www.hengqin.gov.cn/Macau_
en/hzqgl/zjhzq/qygk/index.html
88 Government site of Macau, https://www.gov.
mo/en/news/234180/
140
