Hengqin holds high-quality development conference to promote further integration with Macao

According to the meeting, the cooperation zone accomplished all of its 2022 economic goals and tasks set at the beginning of the year.

Regarding the “four major industries”, technology R&D and high-end manufacturing, traditional Chinese medicine, and other Macao’s famous industries successively issued special industrial policies and maintained good developmental momentum. In 2022, the operating revenue of these two sectors increased by 28.3% and 13.4% year-on-year, respectively. In addition, the added value of the modern financial industry grew by 8.1% year-on-year. Culture, tourism, exhibition, and trade industries gradually recovered during the Spring Festival holiday, and they are expected to achieve rapid growth in 2023.

Last year, Macao-funded companies achieved a year-on-year increase of 21.4% in operating revenue.. The number of passengers and trains at Hengqin Port, number of cross-border professional practitioners in the cooperation zone, and other indicators climbed. Research platforms and joint laboratories established by Macanese universities in the cooperation zone made multiple breakthroughs in the industry-university-research collaboration.

In 2023, the classified management for customs clearance, Macao New Neighborhood residential project, and other major projects/platforms will be fully advanced. 

Furthermore, as the economy rebounds, the cooperation zone will accelerate the building of a world-class, market-oriented, and law-based international business environment. It will fully support the high-quality development of service companies. By mobilizing the superior resources of businesses and other communities, Hengqin and Macao will collaborate to attract overseas investment. A new round of investment promotion targeting large and successful businesses will be held to pool high-quality projects, businesses, and talent in the cooperation zone. Greater efforts will be made to enhance the appropriately diversified development of Macao’s economy.