Hengqin sets up think-tank with UM and mainland institutes

The Hengqin administration signed an agreement last Friday to establish an institute of innovation for its Pilot Free Trade Zone, alongside the University of Macau (UM) and mainland institutes.
The vice president of the International Trade and Economic Cooperation Research Institute under the Ministry of Commerce, Li Guanghui, stated at the signing ceremony that, “the Hengqin Pilot Free Trade Zone has the important missions of facilitating Macau economy’s diversification and [creating new innovations in] the institutional reform. There will inevitably be a lot of theoretical and practice problems getting in the way, which this think-tank needs to explore together.”
Including Li’s institute, the Hengqin New District Administrative Committee signed a strategic cooperation framework agreement with four other research centers, namely the Free Trade Zone Institute of the Shanghai University of Finance and Economics, UM’s Center for Macau Studies, as well as Sun Yat-Sen University’s Hong Kong, Macau and Mainland Cooperation and Development Collaborative Innovation Center.
According to the agreement, the five bodies will co-­operate on policy-making consultation, research, talent cultivation and training, so as to provide theoretical instruction and application research for the district’s development.