[2024/03/27] [1+4 Investment Promotion] Winning the First Greater Bay Area Economic Case Award Helps Tell the Story of Macao’s Business Advantages

The Macao Trade and Investment Promotion Institute (IPIM) has won the honour of the first-ever “2023 Innovative Case List of Private Economic Development Environment in Guangdong-Hong Kong-Macao Greater Bay Area”. This award is a recognition of Macao’s business environment, especially the city’s pro-active investment promotion and optimised commercial activities in recent years. Taking the opportunity of winning this award, IPIM will intensify its efforts to publicise Macao’s advantages to attract more “1+4” industrial investment to Macao. At the same time, this award will also help cities in the Greater Bay Area to jointly tell the story of their business advantages.

Initiated by PricewaterhouseCoopers, the award was jointly conducted by organisations such as Nanfang Daily. And the castes were reviewed by experts from high-end national think tanks such as the China Development Research Foundation and the China Development Institute (Shenzhen). The List, with a total of 20 cases selected, covers the authorities from the cities in the Greater Bay Area, as well as Hengqin, Hetao, Nansha, Qianhai and other regions.

Taking Multiple Measures to Bring Businesses to Macao and the Co-operation Zone

Macao has the strategic positioning as “One Centre, One Platform, and One Base”, and the Macao SAR government has focused on promoting the “1+4” appropriately diversified economic development in recent years. Coupled with a series of favourable policies in the Greater Bay Area and the Guangdong-Macao In-Depth Co-operation Zone in Hengqin (the “Co-operation Zone”), the business environment in Macao continues to be optimised and innovated, injecting a new impetus into promoting the appropriately diversified development for Macao’s economy.

IPIM has taken multiple measures to attract investors from the Greater Bay Area, Southeast Asia and Portuguese-speaking countries, such as the Investor’s “One-Stop Service”, “China-PSC Business Compass”, and Macao-Hengqin joint investment promotion. At the same time, IPIM has been cultivating a new pattern of “Industry + MICE” through organising international conventions and exhibitions, in order to make full use of Macao’s favourable policies and advantages, and to bring businesses to Macao and the Co-operation Zone. Such initiatives will assist enterprises to seize development opportunities and encourage win-win co-operation with multiple parties, to accurately align with the investment promotion of “1+4” industries, and to promote the appropriately diversified economic development for Macao.

The award ceremony was held on 25 March in Shenzhen during the “2024 Quantity and Quality – Shenzhen High Quality Development Excellent Case Exchange Conference” organised by Southern Press and Media Group. The Conference aims to showcase the important progress in the Greater Bay Area and Shenzhen in promoting Chinese-style modernisation in all aspects of economy and society in the past year, and to build a platform for publicity, communication and experience exchange. A number of keynote speeches, roundtable discussions and the release of economic and trade research reports were also organised during the event.