Chief Executive Ho Iat Seng announced yesterday that he will visit Luxembourg this month to study the grand duchy's issuing of bonds and secondary market.
Ho made the announcement during a Q&A session in the hemicycle of the Macau Legislative Assembly. He said that the local government would "proactively promote" the setting up of a bond market.
The chief executive, who will pay a working visit to Portugal next week, also said that he would promote the business potential of the Guangdong-Macau In-depth Cooperation Zone in Hengqin during the trip. He also said that the government planned to hold a trade and investment fair for enterprises from Portuguese-speaking countries in Macau this year.
Ho also said that he expected the initial integration of financial services between Macau and the In-Depth Cooperation Zone to be completed in 2025 and to be consolidated by 2035.
Ho also said that flat sales in the Macau New Neighbourhood in Hengqin would start in the second half of this year, adding that a school in the neighbourhood would comprise kindergarten and primary and secondary school education. He said the neigbhourhood's flats earmarked for Macau residents were of high quality.
Ho also said that residents would receive the government's annual wealth-sharing handouts in July - 10,000 patacas for permanent and 6,000 patacas for non-permanent residents, irrespective of age and nationality.
The chief executive also said his government planned to release an updated plan for the appropriate diversification of Macau's economy in June.
Meanwhile, Ho also said that Macau's successful development since its return to the motherland in December 1999 was due to the fact that the local government has since then been run by patriots.
Caption: Chief Executive Ho Iat Seng speaks during yesterday afternoon's Q&A in the hemicycle of the Macau Legislative Assembly (AL). – Photo: GCS
