Page 96 - AmCham South China 2026 Special Report on the State of Business in South China

? Developing trade in traditional Chinese Measures to Support the High-quality
medicine (TCM) services and building a platform Development of Trade Industry in the
for innovative TCM research and transformation Guangdong-Macao In-Depth Cooperation
with self-owned intellectual property rights and Zone in Hengqin 42
Chinese characteristics.
The government announced a new policy in late
? Expanding industries such as leisure 2024 to strengthen the industrial synergy between
vacations, conferences and exhibitions, sports Macau and Hengqin, foster new industries that
events and tourism, as well as ¡°big health¡± sectors promote moderate diversification of Macau¡¯s
like leisure and wellness, rehabilitation and economy and establish an internationally
medical care. influential commerce and trade hub.

? Leveraging Macau¡¯s role as a gateway to ? Policies cover business development,
Portuguese-speaking countries and developing economic and trade cooperation between China
a financial services platform linking China and and Portuguese-speaking countries (PSC) and
Portuguese-speaking markets. The Hengqin Plan circulation networks. Through multiple measures,
stipulates that assistance will be provided to such as promoting the growth and quality of
the cooperation zone in launching cross-border market entities, diversifying consumption patterns,
RMB settlement business and encouraging and encouraging PSC merchants and talent to settle in
supporting domestic and foreign investors to use the zone and upgrading the circulation system,
RMB in cross-border venture capital projects and the policies aim to innovate and consolidate the
related investment and trade. elements of commerce and trade development.

¡°30 measures¡± to strengthen Hengqin¡¯s ? Specifically, the zone will reward operating
financial market interconnections with entities that successfully introduce ¡°Macau
Macau 41 Traditional Specialty Shops¡±, ¡°Macau Specialty
Shops¡± and ¡°Business Association Pavilions¡±
In February 2023, the PBOC and four other brand stores, with a cumulative annual reward
government authorities issued the ¡°Opinions of up to RMB8 million. The maximum reward for
on Financial Support for the Construction of the specialty restaurants, banquet halls and hotels is
Guangdong-Macau In-depth Cooperation Zone in RMB2 million. Commerce and trade enterprises
Hengqin¡± to support investment in Hengqin. These established by foreign investors from PSC will
focus on five broad areas: building a financial receive a one-time reward of RMB300,000, with
environment that provides more convenience for additional rewards if their operating revenue
Macau residents; promoting connectivity between increases in subsequent years. Enterprises in
Hengqin and Macau financial markets; facilitating the zone that hire talent specializing in trade
cross-border trade and investment; helping Macau between China and PSC will receive a reward of
develop modern financial infrastructure; and RMB20,000 per person, with further rewards based
strengthening cooperation in financial supervision. on performance in the following year, capped at
RMB300,000.
In September, the government released 86
additional implementation details on the above ? International freight forwarding
Opinions, guiding financial institutions in the enterprises that transport import and export
cooperation zone to strengthen business ties with goods through Macau International Airport or
Portuguese-speaking countries, increase support both Macau International Airport and Hengqin
from the banking and insurance industries for the Port will receive a maximum subsidy of RMB12
export industry and help Macau enhance financial million. Shipping enterprises transporting goods
connectivity with Portuguese-speaking markets. by air through Macau International Airport that

41 Guangdong-Macau In-Depth Cooperation Zone in 42 Guangdong-Macau In-Depth Cooperation Zone in
Hengqin, http://www.hengqin.gov.cn/macao_zh_hans/ Hengqin, https://www.hengqin.gov.cn/macao_zh_hans/
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