Supporting Hong Kong and Macao to better integrate into the overall development of the country - Introduction of New Measures for the Construction of the Guangdong Hong Kong Macao Greater Bay Area at the State Council Information Office Press Conference

2023-12-29

Recently, policies to promote the construction of the Guangdong Hong Kong Macao Greater Bay Area have been successively introduced. On the 28th, the State Council Information Office held a press conference, where officials from the National Development and Reform Commission, Guangdong Province, Hong Kong Special Administrative Region, Macao Special Administrative Region, and Shenzhen City introduced new measures for the construction of the Guangdong Hong Kong Macao Greater Bay Area. Guo Lanfeng, a member of the Party Group of the National Development and Reform Commission, introduced that the "Overall Development Plan for the Hengqin Guangdong Macao Deep Cooperation Zone" clearly defines the number of Macau residents employed in Hengqin, the number of Macau residents residing in Hengqin, the number of Australian funded enterprises engaged in production and operation in Hengqin, and the added value of Australian funded industries in Hengqin, focusing on guiding Hengqin's work towards the original intention of serving Macau. The overall development plan of the Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone focuses closely on serving Hong Kong to formulate policies, plan reforms, and layout projects, fully supporting Hong Kong in consolidating and enhancing its competitive advantages, while also adhering to the development of modern service industries such as finance. The Opinion on Supporting the Relaxation of Special Measures for Market Access in the Hengqin Guangdong Macao Deep Cooperation Zone is mainly aimed at better constructing a market access system and market environment that promotes moderate and diversified economic development in Macao. The three-year action plan for the construction of an international first-class business environment in the Guangdong Hong Kong Macao Greater Bay Area highlights the "three combinations": firstly, combining macro and micro perspectives, and deploying to create a first-class business environment from the "four environments" of market environment, rule of law environment, government environment, and open environment. The second is to combine goal orientation with problem orientation, clearly propose the construction goals of the "four major environments", and focus on the issues strongly reflected by the business entities to make targeted responses. The third is to combine integrated promotion with demonstration and guidance, and establish a special chapter to make arrangements for the in-depth implementation of the "Bay Area Connection" project. Guo Lanfeng said that these documents, coming down in one continuous line with the relevant documents of the Greater Bay Area issued earlier, are intended to support Hong Kong and Macao to maintain long-term prosperity and stability, play a better role in the process of Chinese path to modernization, and better integrate into the overall national development situation. The National Development and Reform Commission will work with relevant departments and local governments to fully implement the documents and promote the stable and far-reaching construction of the Guangdong Hong Kong Macao Greater Bay Area. Zhang Hu, member of the Standing Committee of the Guangdong Provincial Party Committee and Executive Vice Governor, said that Guangdong will focus on promoting the business environment in the Greater Bay Area to a higher level in three aspects: first, promoting comprehensive reforms in the market-oriented allocation of factors in the nine mainland cities of the Greater Bay Area, and further relaxing market access through pilot projects in Shenzhen and Hengqin. The second is to strengthen the connection mechanism with Hong Kong and Macao rules, expand the list of "Bay Area standards", accelerate the promotion of "Bay Area certification" work, and promote the first batch of national pilot projects for domestic and foreign trade integration. The third is to accelerate the construction of major cooperation platforms such as Hengqin, Qianhai, Nansha, and Hetao, and take the lead in factor flow, industrial cooperation, cross-border services, and other aspects. The Secretary for Administration of the Hong Kong Special Administrative Region, Chen Guoji, stated that the development and construction of the Qianhai Shenzhen Hong Kong Modern Service Industry Cooperation Zone is an important measure to support Hong Kong's economic and social development, enhance the level of Guangdong Hong Kong Macao cooperation, and build a new pattern of opening up to the outside world. With the institutional advantages of "one country, two systems" and a highly legal, market-oriented, and internationalized business environment, Hong Kong will deepen cooperation between Hong Kong and Shenzhen, implement the overall development plan of Qianhai, and continue to play its role as an international financial, shipping, trade center, and international hub

Edit:Hu Sen Ming    Responsible editor:Li Xi

Source:XinhuaNet

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