| It is a vital element affecting global resource allocation, industrial layout, and international division of labor to facilitate the in-depth integration of digital economy with real economy, and build digital industrial clusters with international competitiveness. Today, this issue of SME Bulletin will present you with the development dynamics related to digital economy, and look into some of Macao’s policies that support the development of modern finance. - Business Tips: New Online Functionality Spurring Macao-Hengqin Business Development
- R&D Productivity: From Blueprint to Factory Establishment
- Trend Analysis: The Rise of Digital Trade
- Policy Highlights: Modern Finance
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| Entering the era of technological advancement, online services can facilitate closer interaction and communication between enterprises and customers, bringing about global market opportunities to enterprises, and also improving their efficiency. Particularly, the application of technological innovation in business can avoid unnecessary traffic and shorten waiting time. Cross-Border Breakthrough In September this year, the “Macao One Account” App is projected to expand its services to the Guangdong-Macao In-Depth Co-operation Zone in Hengqin, providing online services such as “service counter calling and queuing service” and “reservation service” to help enterprises handle cross-border affairs online.
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| | | To learn more about the economic and trade updates of investing in Macao and Hengqin, aside from looking up information on the internet, people can also make an appointment on IPIM’s online reservation service system – “Meet up Easy” for face-to-face consultation on service areas such as investment and trade, MICE, China-PSCs Platform, e-commerce. The system enables enterprises and entities to have timely, flexible and convenient services, business planning much more easier. |
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| | In recent years, various enterprises have chosen to start up their business in Macao due to Macao’s unique competitiveness in taxation system, policy support, geographical location, and international resources. Their investments are conducive to Macao’s appropriate economic diversification. If you have any questions about the administrative procedures for investing in Macao, please feel free to request tailored assistance via the One-Stop Service provided by IPIM designated staff. Here is a success story of “Made in Macao” + “China-PSCs Platform”: Business Synergy Enterprise Name: Frontier Environmental Biotechnology Business Philosophy: High-quality made-in-Macao cleaning and personal care products
Trade Form: Market the products in Portuguese-speaking countries by leveraging Macao’s favorable condition as “One Center” Service Usage: Investor’s “One-stop” service by IPIM and the Investment Committee’s mechanism Service Content: Provide whole-process follow-ups, including the facilitation of project construction, license application, and learning about the procedures of importing raw materials. The factory has successfully obtained the industrial license issued by the Economic and Technological Development Bureau (DSEDT) and officially put into operation in Macao. |
| | | Through the Investor’s “One-Stop Service”, IPIM designates staff to follow up your investment projects in Macao, co-ordinate the communication among different government departments, clarify the relevant administrative procedures, provide business guidance, and assist in seeking partners inside or outside Macao. During January to July 2023, IPIM has successfully helped 181 enterprises start up and expand their business in Macao. |
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| Trend Analysis: The Rise of Digital Trade |
| Digital trade brings about disruptive innovation for the commerce and trade sector through digital technology and services, not only boosting the in-depth integration of manufacturing and service industries, but spurring the restructuring and rebuilding of industrial chains, supply chains and value chains, and becomes a new highlight of international trade. Taking the service industry as the mainstay, Macao is speeding up the digitalisation of traditional trade. Further integrating into the overall national development, Macao will better leverage its unique strengths to broaden trade channels by utilising digital technology to promote collaboration in the upstream, midstream, and downstream of industrial chains between the Chinese mainland and Macao. Novices in digital trade may learn from the development pattern of the mainland, and refer to the following book for more details: Business Perspectives Reference: An Introduction to Digital Trade Research Report (2022) published by the China Social Sciences Press
Main Contents: It introduces China’s efforts in promoting the balanced development of digital infrastructure, especially the positive impact on digital trade under the government’s well-established institutional framework, discusses how to build demonstration zones for open and innovative digital trade, as well as facilitate the reform pilot work of digital trade in the existing free trade zones and ports. |
| | | | Livestreaming selling is an innovative business model for sales that combines e-commerce and live streaming technology, through which livestreamers will leverage their influence to interact with viewers and market the products. In the first half of 2023, IPIM has launched 4 livestreaming selling sessions at the Pavilion of China-Portuguese-speaking Countries Commercial and Trade Service Platform to promote products from Portuguese-speaking countries, increase the visibility of products online, explore more marketing channels, as well as providing related training programs, attracting 93,000+ viewers in total. |
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| | Macao has been constantly promoting the development of four key industries including Modern Finance, further increasing the proportion of the financial industry in Macao’s industrial structure, and adopting a variety of favorable policies to facilitate the development of its financial industry. In this issue, let’s take a closer look at the following bill: Policy Interpretation Bill: Legal Regime of Financial System Bill
Effective Date: The bill is presented to the Legislative Assembly for the second reading as scheduled. If the bill is approved, it will take effect on 1 November, with a one-year transition period for relevant financial institutions to make appropriate adjustments.
New Contents: First, to provide more flexible licence types for financial institutions; second, to add a new licence type of “restricted activity bank”; third, to streamline the issuance procedure of bonds; and fourth, to establish a temporary licensing system that allows entities to run FinTech trial projects without a financial license under the manageable risks.
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| | | | Catering to the trend of industrial development and the cross-border integration of “industry+MICE”, the 2023 Macao International Environmental Co-operation Forum & Exhibition (2023 MIECF) has invited Professor Lan Hong, a renowned keynote speaker, to deliver a speech on “Deepening Cooperation in Green Finance and Jointly Achieving Carbon Neutrality”. Seven exhibition areas are set up at the event venue to shed light on industry information such as “Green Finance”. During this event, experts are also invited to explore the development direction of “green finance” in the Guangdong-Hong Kong-Macao Greater Bay Area and create more green business opportunities. |
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| “2023 Macao International Environmental Co-operation Forum & Exhibition” (2023MIECF) |
| Dedicated to the theme "Building an Ecological Civilisation Through Innovative Initiatives", the 2023MIECF presents a string of high-level themed conferences, green forums, project promotion sessions, and green matching sessions, among other exchange activities. It aims to support the country's pursuit of dual carbon goals, develop Macao into an ideal city for living, provide green impetus for sustainable development of the society and ecological civilisation.
Date:17-20 August, 2023 Venue:Cotai Expo, The Venetian Macao |
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Macao Trade and Investment Promotion Institute Address: 1/F and 2/F of the office building of the Complex of Commerce and Trade Co-operation Platform for China and Portuguese-speaking Countries in Rua Sul de Entre Lagos, Macao Website: https://www.ipim.gov.mo E-mail: ipim@ipim.gov.mo Tele: (853) 2871 0300 Fax: (853) 2859 0309 © copyright 2023 IPIM.All rights reserved (Disclaimer) If you want to stop receiving these emails, please click here to unsubscribe. |
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