The Macau Trade and Investment Promotion Institute (IPIM) took a delegation to Singapore from Tuesday to Friday on the second stop of its 11-day Southeast Asia tour to promote the Guangdong Macau In-depth Cooperation Zone in Hengqin and trade cooperation between Macau and Singapore, thereby expanding Macau’s “circle of overseas friends”.
Singapore is China’s most important investment destination and has become China’s largest foreign investor since 2013, the statement said.
The statement noted that IPIM carried out five investment promotion activities on the three-day trip in Singapore, and also conducted in-depth exchanges with 140 representatives of local enterprises promoting economic and trade cooperation between Macau, Hengqin and Singapore.
Meng Fanqiu, member of the Singapore Chinese Chamber of Commerce & Industry (SCCCI) Council, member of the Singapore-China Business Association Council and honorary president of the China Enterprises Association (Singapore) was quoted as saying he hoped that the promotion meetings would be used as an opportunity to further strengthen exchanges between Macau, Hengqin and Singapore, as well as to encourage entrepreneurs to actively explore investment and development opportunities in Macau and Hengqin with an open mind.
IPIM President Vincent U U Sang introduced Macau’s development strategy, advantages as a China-Portuguese-speaking-countries trade platform and the local government’s policy support.
Executive Committee of the Guangdong-Macau In-depth Cooperation Zone in Hengqin Deputy Director Su Kun was quoted as saying that the central government has been providing Hengqin with a series of support policies in terms of industrial development and market access, aiming to create a business environment that is similar to Macau and in line with international standards.
Su also said he hoped that through promotional activities, mutual understanding between Macau, Hengqin and Singapore will be enhanced, so that the Singaporean business community can learn more about Macau and Hengqin.
This undated handout photo shows the IPIM delegation posing in Singapore last week. – Photo by IPIM
