How Does Guangxi Coordinate Development with the Guangdong-Hong Kong-Macao Greater Bay Area? A Macao Resident Speaks

How Guangxi Coordinates with the Guangdong-Hong Kong-Macao Greater Bay Area

——A Brief Analysis of Macao’s Value and Suggestions for Guangxi’s Integration

I am a Macao native and also a Guangxi native; Guangxi is my hometown. Today, the topic of my speech is 'How Guangxi Integrates into the Coordinated Development of the Greater Bay Area.' Due to time constraints, I will mainly outline the following points:

First, leverage the Hengqin New Area and make good use of Macao’s advantages in policies, funds, and international window for cooperation with the mainland, to serve Guangxi’s integration into the Bay Area.

Since its return to the motherland over 20 years ago, Macao has achieved a remarkable economic miracle, ranking second in the world in per capita wealth. According to the central government's deployment, Macao is actively integrating into the national "14th Five-Year Plan" development framework. Macao is accelerating its transformation to develop new industries and new capital that leverage Macao's strengths to meet national needs, including the health industry, international conference and exhibition industry, financial wealth management, etc., and is speeding up its connection with the mainland.

On September 17 last year, according to the central government’s "Hengqin Plan," Hengqin has become a bridgehead for Macao to connect with mainland industrial cooperation, international capital cooperation, and international business cooperation. The central government has clarified that the Guangdong-Macao In-Depth Cooperation Zone in Hengqin is a new highland for promoting the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, a new platform for promoting the moderate diversification of Macao’s economy, and a new demonstration for enriching the practice of "one country, two systems" in Macao.

Guangxi’s industrial upgrading cannot do without funding and policies, without cultivating advantageous industries, and without cultivating international markets. Guangxi needs to make good use of the unique advantages of Hengqin, this bridgehead endowed by the central government to promote Macao’s industrial transfer and cooperation, Macao’s capital investment cooperation, and Macao’s international market channel cooperation. This should allow Guangxi, being the closest to the moon, to be the first to create demonstration projects with the characteristics of "two bays cooperation," demonstrating business models and investment models, seizing the commanding heights of the two bays’ cooperation, and driving Macao products and Macao capital to participate in supporting the innovative practice of "Guangxi products entering the Bay Area."

Second, use Macao’s industrial capital to promote the cultivation of Guangxi’s advantageous industries.

The Guangdong-Macao In-Depth Cooperation Zone in Hengqin provides an environment for the diversified development of Macao’s industries and innovative cooperation between Macao and the mainland. It clearly focuses on vigorously developing four categories of "new industries" for in-depth cooperation with the mainland: the big health industry, the cultural tourism, exhibition and trade industry, the modern finance industry, and the high-end manufacturing industry.

According to the central government’s "Hengqin Plan," building a world-class innovation highland for traditional Chinese medicine and food health products is a key industry of the Hengqin Guangdong-Macao In-Depth Cooperation Zone. For example, for Chinese medicine products, food, and health products approved and registered in Macao and produced in the Hengqin Guangdong-Macao In-Depth Cooperation Zone, the use of "Supervised in Macao," "Manufactured in Macao," or "Designed in Macao" marks is permitted. Additionally, a series of special preferential policies include researching the simplification of the approval process for Macao’s Chinese patent medicines to be listed in the mainland within the Guangdong-Hong Kong-Macao Greater Bay Area.

The "Hengqin Plan" proposes to support the vigorous holding of the International High-Quality Consumer Expo and World Bay Area Forum; support Guangdong and Macao in jointly building a high-quality imported consumer goods trading center, and constructing an industrial ecology for high-quality consumer goods trading.

This is the new era "Macao" with the Hengqin Guangdong-Macao In-Depth Cooperation Zone. It has sufficient capacity to undertake the international transformation and implementation of relevant scientific and technological achievements for Guangxi’s development of high-end health industry projects. Together, they can create a series of Guangxi-produced and processed products with Macao quality brands such as "Supervised in Macao," "Manufactured in Macao," or "Designed in Macao," attracting Macao capital from the Greater Bay Area to invest and develop a new path for "Guangxi products entering the Bay Area," where Guangxi is the place of origin and Macao brands operate in the international market. This should be the practical direction for Guangxi’s integration into the Guangdong-Hong Kong-Macao Greater Bay Area.

Third, use Macao capital to participate in a dual-brand/dual-linkage cooperation model for Guangxi’s health industry, exploring a breakthrough for Guangxi’s integration into the Bay Area.

Macao Hefei International Investment Holding Group and the Qin-Ao Food Industry Chain Innovation Incubation Base are willing to take the lead in cooperating with relevant capital from Hengqin and Macao, and explore with the Guangxi government a dual-brand/dual-linkage operation model with Macao capital participation in Guangxi’s health industry. They jointly create and launch the "Guangxi Products Entering the Bay Area" global support plan for cultivating international high-quality health products, aiming to cultivate Macao and overseas Chinese capital to participate in the "Guangxi Products Entering the Bay Area" health international high-quality products Guangxi-Macao international base. They plan to build a cross-border investment fund for Macao capital, cultivate Macao as a special window for international bond issuance and fundraising centered on Guangxi’s health industry projects with Macao capital participation, become a boosting engine for leveraging Macao and overseas Chinese to serve the country through industry and targeted accelerated investment in Guangxi, and become a new channel and new model for Guangxi’s innovative practice of international fundraising.

Chairman of the Macao Patriotic Education Association

Chairman of the Board of Directors of Macao Hefei International Investment Holding Group