Tai Kin Ip commits to development of Hengqin

Tai Kin Ip, Secretary for Economy and Finance, reaffirmed his commitment to fostering economic synergy between Macau and Hengqin during a recent meeting with Xia Baolong, director of the Hong Kong and Macau Work Office. Their discussions centered on advancing the Guangdong-Macau In-depth Cooperation Zone, aimed at enhancing regional economic development and integration within the Greater Bay Area.

Tai emphasized that the Macau government will adopt a more open-minded, responsible, and realistic approach to industrial development.

This includes optimizing the business environment, coordinating efforts across sectors, and attracting investment through innovative economic policies and increased support for financial and human resources.

During his visit, Xia inspected the Cooperation Zone’s industrial development and planning initiatives.

He underscored the importance of implementing President Xi Jinping’s directives to ensure effective governance and strategic development that aligns with national goals.

In response, Tai outlined the Macau government’s strategic vision for the economy leading up to 2025. He stressed the need for a pragmatic approach to enhance economic governance, attract investment, and improve the business environment.

His department plans to actively formulate policies that support industrial diversification, increase financial investments, and strengthen human resources.
Additionally, Tai addressed the importance of ongoing evaluations of development initiatives using President Xi’s “three checks, three observations” criteria.

He expressed a commitment to building the Hengqin Cooperation Zone by focusing on facilitating the movement of talent, capital, logistics, and data, which are essential for regional economic integration.

Tai also highlighted Macau’s vital role in international cooperation, particularly with Portuguese-speaking countries. He reiterated the necessity of aligning with national strategies to bolster bilateral trade and investment while actively participating in Greater Bay Area development.

Through initiatives for “outward expansion” and attracting foreign investment, the Macau government aims to promote international economic and trade cooperation effectively. Victoria Chan