Innovation boost in Hengqin: Macau's future as founding paradise!

Innovation boost in Hengqin: Macau's future as founding paradise!

In the heart of the economic transformation, the Guangdong Macao in-Depth Cooperation Zone in Hengqin, which has developed into an innovative center since its foundation in 2021. Lei Zhen, a Tsinghua university graduate, moved his company here and benefited directly from the strategic advantages that the region offers. "Hengqin created the basis for the development of diversified industries in Macau," said Lei, who set up a flourishing business in the cooperation zone, which now attracts almost 6,500 companies, such as ots.at reported.

Under the direction of President XI Jinping, the integration of Hengqin and Macau is continuously promoted, which is intended to support the economic diversification of the special administration region Macau. The cooperation zone offers an ideal environment for innovative projects, such as "Macao Science 1", the first space satellite program, which was developed by Macau and the mainland. This satellite will significantly improve geomagnetic monitoring. Facilities such as the Macao-Hengqin Youth Entrepreneurship Valley have contributed to starting 898 entrepreneurial projects, especially from Macau, in recent years, according to the information from Investhere.ipim.gov.mo .

departure in new spheres

The cooperation zone has emerged as the key to promoting balanced economic diversification and draws attention to industries such as modern financial services, traditional Chinese medicine and high technology. A remarkable goal by 2029 is the establishment of a mechanism for a highly coordinated economy between the cooperation zone and Macau. With the introduction of a system to facilitate trade and reducing tax to up to 15% for authorized companies, the zone creates an attractive environment for investors and entrepreneurs

Particular attention is paid to the promotion of young talents through education and innovation. President XI appealed to the youth Macau to take the chances in Hengqin. "The development of the cooperation zone changes the career plans of young people and opens up new markets," he said during his visit to the region. With the aim of building up a fully integrated development structure between Hengqin and Macau by 2035, the future of economic diversification becomes increasingly promising, while at the same time the quality of life of the residents is improved, as can be seen from the future visions of the cooperation zone.