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As Macao’s economy faces a number of challenges arising from the COVID-19 pandemic around the globe, the city’s various economic sectors have been negatively impacted. Over the past months, in order to stimulate the city’s economic recovery, the Macao Special Administrative Region (SAR) Government has rolled out a series of economic support measures while maintaining stringent measures to prevent the spread of the pandemic.
In this issue of Macao Image, we examine key areas of the Macao SAR Government Policy Address for Fiscal Year 2021, a document titled “Normalise Epidemic-Control and Expedite Economic Recovery”.
In his annual address to the Macao Legislative Assembly, Mr Ho Iat Seng, Chief Executive of the Macao SAR, said the focus for 2021 was on revitalising the post-pandemic economy by expediting the development of a modern financial services industry; developing further the traditional Chinese medicine sector; and advancing the meetings, incentives, conferences and exhibitions (MICE) industry, as well as the e-commerce sector. Such measures would help Macao achieve moderately-diversified development of its economy.
We also analyse how the Closer Economic Partnership Arrangement (CEPA) may play an important role in Macao’s growth towards moderate economic diversification, by shifting the focus to financial services linking China and the Portuguese-speaking Countries.
This issue features an exclusive interview with Mr Bernie Leong, President of the Board of Directors of the Macau Delegation of the Portugal-China Chamber of Commerce and Industry (CCILC), who spoke to Macao Image about the policies regarding co-operation between China and Portuguese-speaking Countries, and the fresh business opportunities arising from the various development strategies promoted by Mainland China.
Macao Image also looks into the First Conference of the International Science, Technology and Innovation Forum (ISTIF), part of the latest edition of Boao Forum for Asia, held in Macao in November 2020. In a congratulatory letter, Mr Xi Jinping, President of China, said ISTIF provided an important platform to promote exchanges and co-operation in the fields of science, technology and innovation, which could also enhance the development of innovation in the Guangdong-Hong Kong-Macao Greater Bay Area.
This issue of the magazine also looks into the events and promotional activities held in Macao in the second half of 2020: the 25th Macao International Trade and Investment Fair; the Macao Franchise Expo 2020; the 2020 Portuguese-speaking Countries Products and Services Exhibition (Macao); the 11th International Infrastructure Investment and Construction Forum; and the 2020 Guangdong & Macao Branded Products Fair.
We also highlight the success of companies in Macao that have benefited from the development of its economy and the support IPIM gives to investors in the city.
Macao Image was launched in 1982, and this issue marks the end of its publication. The magazine has been covering information on a number of policies of the Macao SAR Government, including those for investment environment of Macao. It has also promoted the services provided by the Macao Trade and Investment Promotion Institute (IPIM), featuring interviews with economists, investors, young entrepreneurs and business people. The editorial board of Macao Image would like to thank you, the readers, for your years of support for the magazine.
As Macao Image will be discontinued in 2021, we want to keep you up-to-date regarding Macao’s business and investment environment, and you can still have access to all the relevant information and can subcribe to our other publications via IPIM’s official website (https://www.ipim.gov.mo/), which includes the Macao TradeInvest Information and the SME Bulletin.
