Page 188 - 2024 Special Report on the State of Business in South China
P. 188
- Persevering in Covid-19 prevention and and share benefits between Guangdong and Macau
control, and building a robust disease-prevention will run smoothly, and the supportive functions
system. In 2023, the government will continue to for promoting Macau’s adequate economic
increase the Covid-19 vaccination rate, especially diversification will initially be seen.
for the elderly and children. Macau will continue
to ensure normalization of epidemic prevention - By 2029, the Cooperation Zone will
and control on three major fronts, namely the highly synergize with Macau’s economy, the
city’s boundaries, in medical institutions and system for in-depth cohesion of regulations
within the community. will be comprehensively established, and the
results in promoting Macau’s adequate economic
Special economic zones diversification will be obviously achieved.
Master Plan of the Development of the - By 2035, the economic strength and
Guangdong-Macau Intensive Cooperation technological competitiveness of the Cooperation
Zone in Hengqin99 Zone will be greatly enhanced, and the goal
of promoting Macau’s adequate economic
The General Plan for Construction of the diversification will basically be realized.
Guangdong-Macau In-Depth Cooperation Zone
in Hengqin was issued on 5 September 2021. It Focusing on four nascent industrial sectors101:
establishes the 106km2 cooperation zone covering
a customs-supervised area between the “first line” - Scientific and technological research and
and “second line” of Hengqin Island. The “first-line” high-end manufacturing industries
refers to Hengqin Island and the Macau, while the
“second-line” refers to the area between Hengqin - Traditional Chinese medicine and Macau
Island and other Chinese customs territories. branded industries
Focusing on the mission to “advocate Macau’s - Cultural tourism, convention and
moderate economic diversification”, the zone is exhibition, and commercial and trade industries
defined as:
- Modern financial industry
- A new platform to boost Macau’s economic
diversification By H1 2023, there were over 40 integrated circuit
enterprises operating in the cooperation zone,
- A new space for Macau residents to live forming a preliminary integrated circuit design
and work industry ecosystem covering intellectual property
(IP), third-generation semiconductors and other
- A new model to enrich the practice of “one fields. More than 80% of the top private equity
country, two systems” fund institutions in the area have conducted on-
site work, and financial enterprises have achieved
- A new ground for building up the phased results in substantive operations.
Guangdong-Hong Kong-Macau Greater Bay Area
101 Government site of Macau, https://www.gov.
The development goals contain100: mo/en/news/234180/
- By 2024, the mechanism of mutual
discussion, joint construction, joint administration
99 Guangdong-Macau In-Depth Coopera-
tion Zone in Hengqin, http://www.zlb.gov.cn/2023-
09/05/c_1212264184.htm
100 Government site of Macau, https://www.gov.
mo/en/news/234180/
188
control, and building a robust disease-prevention will run smoothly, and the supportive functions
system. In 2023, the government will continue to for promoting Macau’s adequate economic
increase the Covid-19 vaccination rate, especially diversification will initially be seen.
for the elderly and children. Macau will continue
to ensure normalization of epidemic prevention - By 2029, the Cooperation Zone will
and control on three major fronts, namely the highly synergize with Macau’s economy, the
city’s boundaries, in medical institutions and system for in-depth cohesion of regulations
within the community. will be comprehensively established, and the
results in promoting Macau’s adequate economic
Special economic zones diversification will be obviously achieved.
Master Plan of the Development of the - By 2035, the economic strength and
Guangdong-Macau Intensive Cooperation technological competitiveness of the Cooperation
Zone in Hengqin99 Zone will be greatly enhanced, and the goal
of promoting Macau’s adequate economic
The General Plan for Construction of the diversification will basically be realized.
Guangdong-Macau In-Depth Cooperation Zone
in Hengqin was issued on 5 September 2021. It Focusing on four nascent industrial sectors101:
establishes the 106km2 cooperation zone covering
a customs-supervised area between the “first line” - Scientific and technological research and
and “second line” of Hengqin Island. The “first-line” high-end manufacturing industries
refers to Hengqin Island and the Macau, while the
“second-line” refers to the area between Hengqin - Traditional Chinese medicine and Macau
Island and other Chinese customs territories. branded industries
Focusing on the mission to “advocate Macau’s - Cultural tourism, convention and
moderate economic diversification”, the zone is exhibition, and commercial and trade industries
defined as:
- Modern financial industry
- A new platform to boost Macau’s economic
diversification By H1 2023, there were over 40 integrated circuit
enterprises operating in the cooperation zone,
- A new space for Macau residents to live forming a preliminary integrated circuit design
and work industry ecosystem covering intellectual property
(IP), third-generation semiconductors and other
- A new model to enrich the practice of “one fields. More than 80% of the top private equity
country, two systems” fund institutions in the area have conducted on-
site work, and financial enterprises have achieved
- A new ground for building up the phased results in substantive operations.
Guangdong-Hong Kong-Macau Greater Bay Area
101 Government site of Macau, https://www.gov.
The development goals contain100: mo/en/news/234180/
- By 2024, the mechanism of mutual
discussion, joint construction, joint administration
99 Guangdong-Macau In-Depth Coopera-
tion Zone in Hengqin, http://www.zlb.gov.cn/2023-
09/05/c_1212264184.htm
100 Government site of Macau, https://www.gov.
mo/en/news/234180/
188
