Location:
Advantages of entering Mainland China via Macau
As a key city within the Guangdong-Hong Kong-Macao Greater Bay Area, Macao enjoys unique geographical, cultural, and economic advantages, positioning it as an essential platform connecting China with Portuguese-speaking countries and even the international market. The following outlines Macao’s strengths, opportunities, and relevant policies within the development of the Greater Bay Area:
01.
Strategic positioning.
Macao’s role within the Greater Bay Area is defined as “One Centre, One Platform, One Base,” namely a World Centre of Tourism and Leisure, a Commercial and Trade Co-operation Service Platform between China and Portuguese-speaking Countries, and a base for exchange and co-operation where Chinese culture prevails and diverse cultures coexist.
02.
Historical and cultural strengths.
Macao has a rich Portuguese cultural heritage and is a place where Eastern and Western cultures blend. It boasts unique historical and cultural sites, including the Historic Centre of Macao.
03.
Guangdong-Macao In-Depth Co-operation Zone in Hengqin.
Serving as a key platform for Guangdong-Macao co-operation, Hengqin implements favourable policies such as tier-specific management and tax reductions, fostering greater integration between Macao and Hengqin.
04.
Policy support.
Policy documents like the Outline Development Plan for the Guangdong-Hong Kong-Macao Greater Bay Area provide guidance and support for Macao’s development, including promoting appropriate economic diversification and enhancing infrastructure development.
05.
Appropriate economic diversification.
Macao’s “1+4” appropriate economic diversification development strategy focuses on refining and deploying plans for the transformation of the integrated tourism and leisure industry, the traditional Chinese medicine and big health industry, the modern financial services industry, the high technology industry and traditional industries, and for the development of the exhibitions and conventions, commerce and trade and culture and sports industries.
06.
Linguistic and legal advantages.
Macao is the only place in the world where both Chinese and Portuguese are official languages. It has a pool of bilingual talent, offering linguistic and legal support for commercial co-operation with Portuguese-speaking countries.
07.
Economic co-operation platforms.
Macao has established several co-operation platforms and funds with Portuguese-speaking countries, such as the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries (Macao) and the China-Portuguese-speaking Countries Co-operation and Development Fund, fostering trade and investment between these regions.
08.
Trade markets and industrial chain network.
The Greater Bay Area has a comprehensive industrial system, with strong economic complementarity between cities, providing Macao with access to vast trade markets and a well-established industrial network.
09.
Infrastructure development.
Macao and neighbouring cities like Zhuhai collaborate on infrastructure projects, such as the Hengqin Port. Such collaboration has helped Macao integrate more seamlessly into the Greater Bay Area’s trade and economic markets.
10.
Talent development and entrepreneurship opportunities.
The Macao government has launched various policies to encourage youth entrepreneurship and employment, while providing a job information platform for the Greater Bay Area, offering more employment and entrepreneurial opportunities for Macao residents.
11.
Expanding markets of ASEAN markets.
Macao leverages its connections with overseas Chinese communities in Southeast Asia to tap into ASEAN markets, enhancing trade and development opportunities with ASEAN countries.
In summary
With the aforementioned strengths and policy support, Macao has the potential to become a key platform for international exchange and business co-operation within the Greater Bay Area, further promoting its economic growth and regional integration.
Source: Websites of the Macao SAR Government, Talent Development Committee, Guangdong-Macao In-Depth Co-operation Zone in Hengqin