Page 198 - AmCham South China 2026 Special Report on the State of Business in South China

recognized payment or settlement systems The development goals contain :
168
and recognized financial contracts, protecting
transactions from insolvency claw-back and ? By 2029, the Cooperation Zone will
aligning Macau with UNIDROIT and EU settlement- highly synergize with Macau¡¯s economy, the
finality standards. system for in-depth cohesion of regulations
will be comprehensively established and the
? Transitional arrangements: Existing funds results in promoting Macau¡¯s adequate economic
and managers have a 12-month transition period diversification will be obviously achieved.
from 1 January 2026 to achieve full compliance
with the new law. During this period, Decree-Law ? By 2035, the economic strength and
83/99/M continues to govern legacy structures technological competitiveness of the Cooperation
that have not opted in early, ensuring a smooth Zone will be greatly enhanced and the goal
transition and legal continuity. of promoting Macau¡¯s adequate economic
diversification will basically be realized.

Special economic zones Focusing on four nascent industrial sectors :
169

Master Plan of the Development of the ? Scientific and technological research and
Guangdong-Macau Intensive Cooperation high-end manufacturing industries
Zone in Hengqin 167
? Traditional Chinese medicine and Macau
The General Plan for Construction of the branded industries
Guangdong-Macau In-Depth Cooperation Zone
in Hengqin was issued on 5 September 2021. ? Cultural tourism, convention and
It establishes the 106 km cooperation zone exhibition, and commercial and trade industries
2
covering a customs-supervised area between
the ¡°first line¡± and ¡°second line¡± of Hengqin ? Modern financial industry
Island. The ¡°first line¡± refers to Hengqin Island
and Macau, while the ¡°second line¡± refers to the The cooperation zone now has emerged
area between Hengqin Island and other Chinese as a pivotal economic hub, attracting Macau
customs territories. residents and enterprises. In 2024, the GDP of the
Cooperation Zone reached RMB53.8 billion, up
Focusing on the mission to ¡°advocate Macau¡¯s 5.3% YoY. Industrial segment saw robust growth
moderate economic diversification¡±, the zone is of 23.5% YoY, particularly in the innovative sectors
defined as: such as electrical machinery and equipment
manufacturing. Meanwhile, the total number of
? A new platform to boost Macau¡¯s economic Macau companies in the cooperation zone reached
diversification 6,798, an increase of 12.9% YoY .
170

? A new space for Macau residents to live
and work

? A new model to enrich the practice of ¡°One
Country, Two Systems¡±

? A new ground for building up the
Guangdong-Hong Kong-Macau Greater Bay Area 168 Government site of Macau, https://www.gov.mo/
en/news/234180/
169 Government site of Macau, https://www.gov.mo/
167 Guangdong-Macau In-Depth Cooperation Zone in en/news/234180/
Hengqin, http://www.zlb.gov.cn/2023-09/05/c_1212264184. 170 https://www.hengqin.gov.cn/stats/tjsj/jjyxqk/con-
htm tent/post_3763600.html

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