Finance chief outlines vision for Guangdong-HK-Macao cluster

During the session of the Guangdong-Hong Kong-Macao Greater Bay Area at the Boao Forum for Asia Annual Conference 2018, Macao Secretary for Economy and Finance Leong Vai Tac expressed his expectation of the Guangdong-Hong Kong-Macao Greater Bay Area creating opportunities for Macao, strengthening Macao’s ties with its neighbours and to becoming more closely integrated with national development efforts.

Mr Leong added that the Guangdong-Hong Kong-Macao Greater Bay Area – a cluster of 11 metropolitan areas – required a novel model for co-operation. He said representatives of Guangdong and Macao had completed negotiations on the establishment of a 20-billion yuan (US$3.2 billion) fund for investment in co-operative endeavours.

Mr Leong said Macao would press on with making itself a place for multicultural exchanges and co-operation, with an emphasis on Chinese culture and on promoting exchanges between Mainland China and the Portuguese-speaking Countries.

The Government and its counterparts elsewhere in the Guangdong-Hong Kong-Macao Greater Bay Area would work together to reduce the impediments to clearing customs swiftly and to enhance wellbeing generally – in the interests of building prosperity and harmony in the cluster.

Macao Secretary for Economy and Finance Leong Vai Tac at the Boao Forum for Asia Annual Conference 2018