Press Releases in Hong Kong

Officials lay out plans for cooperation zones with Macao, HK

Photo taken on Aug 14, 2021 shows the view of Qianhai, in the southern Chinese city of Shenzhen. (PHOTO / XINHUA)

The State Council Information Office holds a news conference on the development of Hengqin in Zhuhai and Qianhai in Shenzhen. Here are highlights of the news conference:

Cong Liang, vice-chairman of the National Development and Reform Commission and vice-chairman of the office of the leading group for the development of the Guangdong-Hong Kong-Macao Greater Bay Area

– Hengqin plan is focused on promoting diversified development of Macao

– Qianhai plan is focused on expanding existing zone and further opening-up

– Hengqin plan includes developing sci-tech research and development and high-end manufacturing, traditional Chinese medicine and other Macao signature businesses, culture and tourism, conventions and exhibitions, modern finance

– Expansion of Qianhai zone will help create greater space for reform and opening-up, innovation

Xu Hongcai, vice-minister of finance

– Ministry of Finance has adopted special tax policies, provided fiscal support for development of Hengqin

Pan Gongsheng, deputy governor of the People's Bank of China, administrator of the State Administration of Foreign Exchange

– China's central bank issued policy on financial support for Greater Bay Area, adopted 26 financial reform measures

– Hong Kong remains a global financial center

– Hong Kong will strengthen connectivity with mainland

Zou Zhiwu, vice-minister of the General Administration of Customs of China

– Central government plan details customs supervision to facilitate exports, improve people's livelihood

Lin Keqing, executive vice-governor of Guangdong

– Hengqin GDP, infrastructure and innovation have seen rapid development over past 10 years

– Guangdong has been creating employment opportunities, supporting businesses from Hong Kong and Macao

Qin Weizhong, Shenzhen mayor

– Qianhai zone has made progress in modern services sector, with Hong Kong businesses opening in area

John Lee Ka-chiu, chief secretary for administration of the Hong Kong Special Administrative Region government

– Qianhai plan about promoting high-level opening-up, innovation development of modern services

– Qianhai plan will continue to boost cooperation between Hong Kong and Shenzhen

– Hong Kong welcomes Qianhai plan and presence of young people in development zones

Cheong Weng Chon, secretary for administration and justice of the Macao Special Administrative Region government

– Hengqin plan is aimed at promoting diversified development of Macao's economy, enrich "one country, two systems"

– Hengqin first step by Macao to further integrate with mainland