Further support measures will be rolled out to support the four key sectors of Hengqin’s Guangdong-Macao Deep Cooperation Zone, some of which will be available this year, said Lei Wai Nong, Macau’s Minister of Economy and Finance. said.

The four major sectors he refers to are science and technology, culture and tourism, finance, and healthcare, including traditional Chinese medicine.

However, he declined to give details of the measures in an interview with the local Macau Daily News published today (Wednesday).

The interview took place on the occasion of Hengqin’s Guangdong-Macao Deep Cooperation Zone celebrating its first anniversary on Saturday (September 17).

The Cooperation Zone is a new mechanism approved by the central government for Guangdong and Macau authorities to jointly govern the future development of Hengqin, Guangdong, in order to promote economic diversification and development in Macau.

Lei, who also heads the cooperation zone’s executive committee, said there are further steps to foster Macau enterprises in the zone and public opinion is sought on the issue.

Lay Wai Nong, Secretary of Economy and Finance

According to the latest figures from the Bureau of Statistics of the Cooperation Zone, as of the end of July this year, a total of 54,331 enterprises were registered in Hengqin, and nearly 9.2% of the total, or 4,975, were supported by capital from Macau. occupy the enterprise. .

The zone’s gross domestic product (GDP) increased by 2.5% year-on-year in the first half of 2022, data said. However, trade volume in the first seven months of this year fell 33.6% year-on-year to RMB19.3 billion (US$2.77 billion/MOP22.86 billion). ) also fell 58.7% year-on-year to $348 million (MOP2.87 billion) during the same period.

Regarding what authorities on both sides have done for the zone over the past year, Lei said they worked on revisions to Hengqin’s rules and master city plans.

The revision of the Master City Plan underscores the authorities’ commitment to supporting Macau’s economic diversification as Hengqin’s past development lacked coordination, he said, adding that the revised master plan will He added that it would be ready soon.

Nie Xinping, deputy director of the cooperation zone’s executive committee, also told the Macau Daily News that the development of Hengqin requires talent, and that the cooperation zone will “do more international business” with more customized policies and measures in the future. “We want to attract great talent,” he said.

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