Hengqin Cooperation Zone introduces new measures to support Macao businesses

On February 28, Hengqin released a package of support measures for the development of Macao-funded enterprises in the Cooperation Zone.

[Photo provided to GDToday]

“The newly-released support measures are targeted at Macao-funded enterprises, which is also the first special policy of its kind since the inauguration of the Cooperation Zone,” said Fu Yongge, deputy director of the Executive Committee of the Guangdong-Macao In-depth Cooperation Zone in Hengqin, at the press conference.

With 6 chapters and 19 articles, the new measures will support eligible Macao-funded businesses in terms of rent, decoration and R&D subsidies, as well as brand launching and operation incentives.

According to the press conference, the measures aim to back the growth of Macao-funded enterprises in the Cooperation Zone, set up special funds to benefit Macao players, create a favourable business environment, and lower the operational costs for these enterprises.

[Photo provided to GDToday]

“To facilitate the implementation of the support measures, the Economic Development Bureau of the Cooperation Zone also issued an operational guidebook to help Macao investors get more details about the applications for subsidies,” said Su Kun, deputy director of the Executive Committee of the Cooperation Zone.

Besides, an application website is under construction, and it is expected to be tested and launched by this April.

Fu also said that the Cooperation Zone would issue policies on talent attraction, cultural tourism, convention and exhibition, and commercial and trade industries this year.

So far, it has introduced a series of special supportive policies for industries like the integrated circuit (IC), biomedicine, big health and modern financing. At present, there are 5,392 Macao-funded enterprises in Hengqin, up 16.5 percent compared with that before the establishment of the Cooperation Zone.

For more details of the support measures and operational guidebook:

1. Support Measures for the Development of Macao-funded Enterprises in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin

2. Operational Guidebook on Support Measures for the Development of Macao-funded Enterprises in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin

Author | Fanny

Editor | Olivia, Steven, Abby, James