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Back|Hengqin Guangdong-Macao Deep Cooperation Zone has achieved remarkable results in five years of development
Hengqin Guangdong-Macao Deep Cooperation Zone has achieved remarkable results in five years of development
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中国新闻网·yesterday·Business·2 min read·🇨🇳China·

Hengqin Guangdong-Macao Deep Cooperation Zone has achieved remarkable results in five years of development

Quick Look

  • In the five years since the "Master Plan" was issued, the Hengqin Guangdong-Macao Deep Cooperation Zone has made significant progress in infrastructure interconnection, connection of rules and mechanisms, extension of public services for people's livelihood, and coordinated industrial layout.
  • The number of Australian-funded enterprises has increased by 75.72%, and 35 projects have been launched.
  • 0 rule convergence measures, the opening of a dedicated channel for cross-border government data between Qinhuangdao and Macau, the first flight of the aviation board-making business at Hengqin front cargo terminal at Macau International Airport, and the implementation of the line management policy for more than two years has brought institutional dividends.

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Why It Matters

The Hengqin Guangdong-Macao Deep Cooperation Zone is an important platform for the Guangdong-Hong Kong-Macao Greater Bay Area. The "Master Plan" was issued on September 5, 2021, aiming to promote the in-depth integration of Hengqin and Macao in terms of rules and mechanisms, industrial collaboration, and people's livelihood services.

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China News Service, Zhuhai, September 5th (Reporter Deng Yuanwen) September 5th marks the five-year anniversary of the publication of the "Overall Plan for the Construction of the Hengqin Guangdong-Macao Deep Cooperation Zone" (hereinafter referred to as the "Overall Plan"). From the "hard connection" of infrastructure to the "soft connection" of rules and mechanisms, from people's livelihood public services to the coordinated layout of industries in Qingdao and Macao, Hengqin is using the new practice of "Macao + Hengqin" to transform the "Master Plan" from a blueprint into a reality.

Overlooking the Hengqin Guangdong-Macao Deep Cooperation Zone. Photo courtesy of the Administrative and Legal Affairs Bureau of the Guangdong-Macao Deep Cooperation Zone in Hengqin

According to statistics, as of July 31 this year, there were 8,148 Australian-funded enterprises in the Hengqin Guangdong-Macao Deep Cooperation Zone (hereinafter referred to as the Cooperation Zone), an increase of 75.72% compared with the time when the Cooperation Zone was established in 2021, accounting for 16.2% of the total number of enterprises in the Cooperation Zone. On average, one in every six enterprises has "Macao genes". The industrial linkage model of "Macao platform + international resources + Hengqin space + achievement sharing" is moving from paper to reality.

At present, the cooperation zone has launched 350 rule convergence measures, covering the fields of economy, trade, commerce, people's livelihood and other fields; the first dedicated cross-border government data channel between Hengqin and Macao has been opened, and the efficiency of government collaboration between the two places has been greatly improved; the "Australia Affairs Qin Office" service has been expanded to 474 items, making it more convenient for Australians and Macao companies to do business in Hengqin.

Not long ago, Macau International Airport Hengqin pre-cargo station's aviation panel making business made its first flight as a "pilot and trial". This "front-end, direct port, and direct airport" model has realized the first substantial extension of Macau International Airport's service functions to the mainland. For Hengqin, this is not only an improvement in logistics efficiency, but also a leap in urban functions - it means that Hengqin is becoming an "aviation logistics node in the Greater Bay Area" and is truly embedded in the network of regional industrial and supply chains.

As a cornerstone policy for the high-level opening-up of the Cooperation Zone, the branch line management policy has been implemented for more than two years, and the system dividends have continued to be released: Today, the average daily number of vehicles passing through Hengqin Port exceeds 12,000, of which more than two-thirds are Macao single-plate vehicles; the average daily number of customs clearance personnel is nearly 100,000, of which more than a quarter are Macao residents.

More open results and scenarios are continuing to be implemented. As of July this year, 12 pilot banks in the zone have opened nearly 800 multi-functional free trade accounts and have handled more than 630 billion yuan in fund transfers, making cross-border capital transactions more convenient. The pilot dual-currency acquiring business covers 7 key business districts, making it easier for Macao residents to experience cross-border payments without any sense of switching. (over)

Open Questions

  • ?What new rule convergence measures will Hengqin introduce in the future?
  • ?What are the concentrated industrial areas of Australian-funded enterprises in Hengqin?
  • ?How will Hengqin’s function as an aviation logistics node be further improved?

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This article was originally published by 中国新闻网.

Quick Look

  • In the five years since the "Master Plan" was issued, the Hengqin Guangdong-Macao Deep Cooperation Zone has made significant progress in infrastructure interconnection, connection of rules and mechanisms, extension of public services for people's livelihood, and coordinated industrial layout.
  • The number of Australian-funded enterprises has increased by 75.72%, and 35 projects have been launched.
  • 0 rule convergence measures, the opening of a dedicated channel for cross-border government data between Qinhuangdao and Macau, the first flight of the aviation board-making business at Hengqin front cargo terminal at Macau International Airport, and the implementation of the line management policy for more than two years has brought institutional dividends.

AI-generated summary

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High
Global impact
National
Urgency
Developing
Follow-up likelihood
Likely
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中国新闻网
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Published
yesterday
Last updated
yesterday
View original
Hengqin Guangdong-Macao Deep Cooperation Zone
Australian-funded enterprises
Rule connection
Hengqin Guangdong-Macao Deep Cooperation Zone
Deng Yuanwen
Administrative and Legal Affairs Bureau of Hengqin Guangdong-Macao Deep Cooperation Zone
Macau International Airport
chinanews.com
Macau
Zhuhai
Australian-funded enterprises
Rule connection
Branch line management policy
Macau International Airport Hengqin Front Cargo Terminal
Aviation board making business
Multipurpose Free Trade Account

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