The Macau Trade and Investment Promotion Institute (IPIM) announced in a statement yesterday that the “GBA Global Conference 2021 – Seize the Opportunities Brought about by the Qianhai and Hengqin Plans” was held in Shanghai through online and offline channels earlier this week.
According to the statement, the conference “sought to support the development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) and leverage the synergy of the trade promotion entities in the three regions in terms of attracting investments and promoting the area, while expanding the channels for introducing investments.” It was attended by around 120 government officials and business representatives.
The statement noted that the conference was jointly organised by the Department of Commerce of Guangdong province, InvestHK and IPIM. It was simultaneously held with the 4th China International Import Expo (CIIE) in Shanghai to invite enterprises and representatives from political and business circles around the world to know more about the business advantages that the Greater Bay Area is offering.
The statement highlighted that the economic aggregate of the GBA exceeded 11 trillion yuan last year, which accounted for around 12 percent of that of the entire country. In September, the Plan for Comprehensively Deepening Reform and Opening Up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone and the “General Plan of the Development of the Guangdong-Macau In-Depth Cooperation Zone in Hengqin” were launched by the central government and symbolised a new chapter in the GBA development project, the statement added.
The statement underlined that the General Plan of the Development of the Guangdong-Macau In-depth Cooperation Zone in Hengqin has revitalised the development of Macau’s economy, adding that it offers “a new method for discussion, collaborative construction, management and sharing, which overcomes the difficulties and inconveniences from the different social and legal systems” by the regions involved.
The Greater Bay Area consists of three different jurisdictions: nine cities in Guangdong and the special administrative regions of Hong Kong and Macau. The three GBA regions have each their own legal system.
The statement pointed out that information was shared about the business environment and investment advantages of the three regions during the conference.
The governments of Guangdong, Hong Kong and Macau have jointly organised conferences since 2012 to introduce the Greater Bay Area’s investment environment advantages and provide the latest information on economic and trade development, aiming to help enterprises seize the business opportunities brought by the area by strengthening promotional work with joint efforts, the statement noted.
The statement emphasised that the COVID-19 pandemic prevention measures imposed by the respective local health entities were followed during the conference.
This handout photo provided by the Macau Trade and Investment Promotion Institute (IPIM) yesterday shows IPIM Executive Director Vincent U (余雨生) introducing Macau’s business environment and investment advantages.
