The Secretary for Economy and Finance, Lionel Leong, and 23 lawmakers toured the Chinese Traditional Medicine Park at Hengqin Island on Monday.
During the visit, the Secretary said that progress on the work of the Traditional Chinese Medicine Park has allowed further development in the traditional Chinese medicine industry, noting that both local and mainland Chinese enterprises are integrated and working cooperatively in the park, creating and improving job opportunities for young people graduating in this field.
In that sense, in Leong’s opinion, the park’s work has been translating into positive effects through the diversification of local industry.
According to a statement issued by the Government Information Bureau, Leong explained that the purpose of the invitation to the lawmakers was to provide them with fresh insights on the progress of the development and planning of the park. In addition, the visit aimed to offer the delegation a better understanding of the allocation of public funds related to the industrial park, the first major project in Guangdong-Macau cooperation.
In comments made to the media during the visit, the Secretary stated that the industrial park had entered a new phase of development, with a growing number of companies involved in traditional Chinese medicine having established a foothold there.
Besides fostering the development of the pharmaceutical industry, the industrial park also boasts a number of associated industries, such as accreditation and quarantine services, the Secretary noted, adding that in addition the industrial park would help businesses explore markets not only in the mainland but also overseas.
Leong gave a few examples of Chinese medicine products from Macau and mainland companies that had been registered and granted approval to be marketed in other countries, such as Mozambique.
Intertek zhuhai pledges to boost tcm industry
INTERTEK GUANGDONG-Macau Testing Services Limited (Intertek Zhuhai) officially opened on Monday, committing to build a third-party testing and service platform for traditional Chinese medicine health products. The opening ceremony at the Traditional Chinese Medicine Park was attended by Lionel Leong. CEO of Intertek China, Bai Xueli, pledged that Intertek Zhuhai will work to serve Macau’s economic transition and adjustment by way of supplying total quality assurance services with its products, commodities and systems, and safeguarding export enterprises in Guangdong, Hong Kong and Macau. The park aims to foster a strategic structure based in Hengqin to serve the SAR and provide support to improve the quality standards of the medical industry in the Greater Bay Area and enhance its international competitiveness.