CE calls for more work to boost ties with Hengqin

Chief Executive Ho Iat Seng said more work should be done to boost Macau development, and to strengthen the integration of Hengqin and Macau.

Ho spoke during third meeting of the Administrative Committee of the Guangdong-Macao Intensive Cooperation Zone in Hengqin on Friday.

For Ho, investment for the Cooperation Zone should be focused on the planned four major industries.

“Effort should be made to ensure that major projects to be based in the Cooperation Zone fulfil requirements of their Master Plan. Talent importation efforts should also align with the needs of the four major targeted industries and be done with a market-orientated approach,” Ho suggested, as cited in a statement issued by Government Information Bureau.

He also called for further effort to be made to advance the special regulatory system by tier district, as well as coordinated development planning, and development of financial services.

This comes after tax incentive policies regarding personal income tax and company income tax had been in place in the first half of 2022,

For Ho, they were effective in terms of attracting talented people to the Cooperation Zone.

Meanwhile, Governor of Guangdong Province, Wang Weizhong said that the Cooperation Zone had seen “pragmatic and progressive effort applied in the year since it was officially launched.”

However, he mentioned the need to review the Master Plan with a view to further integrate Hengqin and Macau. This was in order to “embrace high-quality opening up, and a higher level of market-access system.” LV