Hengqin’s Guangdong-Macao Deep Cooperation Zone recorded a regional Gross Domestic Product (GDP) of RMB 22.39 billion (US$3.3 billion) in the first half of 2021, up 2.5% year-on-year.Cooperation District Statistics Bureau
During the period from January to June, the value added of industries above the designated scale reached 359 million yuan ($53 million), an increase of 11.6% from the first quarter of this year, and the value added of the service industry It increased by 2.7% annually. This lifted the region’s GDP growth by 2.5 percentage points.
Primary, secondary and tertiary industries contribute 0.02, 10.8 and 89.2 percentage points respectively to the region’s GDP. Notably, the value added of the tertiary industry, especially the financial industry, increased by RMB 8.21 billion (USD 1.2 billion), a year-on-year growth rate of 11%, accounting for 36.7% of the region’s GDP. is.
There are 2,112 newly established enterprises in the first half of 2022, of which 391 are Macau-funded enterprises, accounting for 19% of the total.
As of late June, Hengqin has 54,350 companies, of which 4,934 are Macau-funded.
Macau-funded companies will be involved in the development and construction of the cooperation zone in a more in-depth, comprehensive and complete manner.
Modern finance is one of the four major industries in the cooperation zone, and since its establishment in September 2021, it has been working to innovate cross-border financial business and promote close coordination between Hengqin and Macao’s financial industries. Several measures have been announced.
The measures include pilot measures to support companies issuing corporate bonds and foreign equity investment in Macau, implementation of a cross-border data verification platform between Guangdong and Macau for personal data, and cross-border wealth A management pilot product was included.