Macao steps up promotion of target industries

Macao’s IPIM and Hengqin’s Economic Development Bureau join forces to boost regional investment in key industries.

Representatives from IPIM and the Economic Development Bureau of the Co-operation Zone introducing GBA enterprises to Macao-Hengqin business advantages.
Representatives from IPIM and the Economic Development Bureau of the Co-operation Zone introducing GBA enterprises to Macao-Hengqin business advantages. Photo Credit: Adobe Stock/f11photo

In line with the “1+4” development strategy for Macao-Hengqin joint industrial development, the Commerce and Investment Promotion Institute (IPIM) of the Macao Special Administrative Region and the Economic Development Bureau of the Guangdong-Macao In-Depth Co-operation Zone in Hengqin (the Co-operation Zone) conducted visits to 16 key enterprises to promote Macao-Hengqin business advantages.

The enterprises visited were mainly from major industries such as medicine, high technology, financial services and fintech, catering and retail.

At present, IPIM has six representative offices in mainland China: Hangzhou, Chengdu, Shenyang, Fuzhou, Guangzhou and Wuhan.

Since January last year, the Guangzhou representative office has introduced 36 investment proposals, of which 22 projects have implemented in Macao, involving industries such as big health, modern financial services, high technology and cultural tourism.

IPIM has also been working with the Economic Development Bureau of the Co-operation Zone have conducted key investment promotion work in a total of 26 enterprises and chambers of commerce in nine mainland cities in the Greater Bay Area and Hong Kong since the organisation’s restructuring earlier this July.

The investment promotion team has shared plans to gradually explore overseas markets such as Portuguese-speaking countries, Southeast Asia, Europe and the US in the future.