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increase the proportion of finance in the city’s GDP • A new space for Macau residents to live
and employment structure. and work

• The plan also pledges substantive progress • A new model to enrich the practice of “One
in the development of new and high-tech industries Country, Two Systems”
in Macau by 2028 and better integration into the
country’s scientific and technological development • A new ground for building up the
strategy, to play a more important role in building Guangdong-Hong Kong-Macau Greater Bay Area
the scientific and technological innovation corridor
of the GBA. The development goals contain :
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• Macau will build a friendly environment • By 2029, the Cooperation Zone will
for scientific and technological startups, step up highly synergize with Macau’s economy, the
services and support to the industries and promote system for in-depth cohesion of regulations
cooperation between industries and universities will be comprehensively established and the
and the commercialization of research fruits. It will results in promoting Macau’s adequate economic
also make efforts to cultivate a group of convention diversification will be obviously achieved.
and exhibition brands with international
influences, further deepen cooperation between • By 2035, the economic strength and
the convention and exhibition industries in Macau technological competitiveness of the Cooperation
and other countries and regions and steadily Zone will be greatly enhanced and the goal
increase the proportion of e-commerce sales in of promoting Macau’s adequate economic
total transaction volumes. diversification will basically be realized.

Focusing on four nascent industrial sectors :
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Special economic zones
• Scientific and technological research and
Master Plan of the Development of the high-end manufacturing industries
Guangdong-Macau Intensive Cooperation
Zone in Hengqin 109 • Traditional Chinese medicine and Macau
branded industries
The General Plan for Construction of the
Guangdong-Macau In-Depth Cooperation Zone • Cultural tourism, convention and exhibition
in Hengqin was issued on 5 September 2021. It and commercial and trade industries
establishes the 106km cooperation zone covering
2
a customs-supervised area between the “first line” • Modern financial industry
and “second line” of Hengqin Island. The “first line”
refers to Hengqin Island and Macau, while the The cooperation zone now has emerged as a
“second line” refers to the area between Hengqin pivotal economic hub, attracting Macau residents
Island and other Chinese customs territories. and enterprises. By April 2024, the total number of
Macau companies in the cooperation zone reached
Focusing on the mission to “advocate Macau’s 6,208, an increase of 12.3% YoY .
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moderate economic diversification”, the zone is
defined as:

• A new platform to boost Macau’s economic
diversification 110 Government site of Macau, https://www.gov.mo/
en/news/234180/
111 Government site of Macau, https://www.gov.mo/
109 Guangdong-Macau In-Depth Cooperation Zone in en/news/234180/
Hengqin, http://www.zlb.gov.cn/2023-09/05/c_1212264 112 China Daily, https://baijiahao.baidu.com/s?id=180
184.htm 1550231185193926&wfr=spider&for=pc

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