Core Viewpoint - The General Administration of Customs has introduced a new round of 23 measures to support and service the high-quality development of the Hengqin Guangdong-Macao Deep Cooperation Zone, including the construction of new ports and enhanced cooperation with Macao [1][11]. Group 1: Support for Macao's Industrial Diversification - The measures include support for the development of technology research and high-end manufacturing, establishing a "green channel" for the convenient customs clearance of research goods [3]. - There is a focus on creating internationally influential exhibition platforms and customizing regulatory schemes for events held in both Macao and Hengqin [3]. - The promotion of cross-border e-commerce through the "1210" bonded shopping model is also included [3]. - Support for food exports with Macao branding and the establishment of a China-Portuguese (Spanish) speaking countries economic and trade service center is emphasized [3]. Group 2: Enhancing Living and Employment for Residents - The measures support the construction of ports between Macao University and the cooperation zone, innovating customs clearance regulations to facilitate personnel movement [5]. - Initiatives to explore mutual recognition of quarantine and cooperative inspections are aimed at easing the customs process for Macao residents' personal belongings and pets [5]. - There is a plan to gradually apply for designated regulatory sites for fresh seafood imports based on actual needs, innovating inspection and quarantine models for food and ingredients [5]. Group 3: Promoting Regulatory Alignment - The measures aim to deepen the implementation of electronic certificates for animal and animal product inspections, enhancing trade facilitation between Hengqin and Macao [7]. - There is a focus on improving quality and safety cooperation for import and export goods, as well as enhancing cross-border monitoring of pests and diseases [7]. - The collaboration on inspection and quarantine technology, particularly for traditional Chinese medicine, is also highlighted [7]. Group 4: Integration with the Greater Bay Area - The measures include optimizing the "five-dimensional" regulatory model to support a high-level open system with Macao [9]. - Continued implementation of "Guangdong-Macao Joint One-stop" customs clearance initiatives is aimed at facilitating the flow of various elements among Guangdong, Hong Kong, and Macao [9]. - The promotion of logistics integration and the acceleration of the construction of a front station for the Macao International Airport in the cooperation zone are also part of the strategy [9]. Group 5: Future Infrastructure Developments - The construction of new ports and additional land routes between Hengqin and Macao is planned, including four new land routes and four new "first-line" port facilities [11]. - The cooperation zone will enhance external transportation infrastructure, including the construction of the Guangzhou-Zhuhai (Macao) high-speed rail and the reservation of rail network connections to Macao and Zhuhai [11]. - The planning includes a new intelligent port at Macao University and a passenger terminal on the financial island, among other infrastructure developments [11].

Group 1 - During the "14th Five-Year Plan" period, Zhuhai's industrial investment increased by over 60%, with the total industrial output value exceeding 500 billion yuan and 600 billion yuan consecutively [1] - The total foreign trade import and export volume reached over 1.5 trillion yuan, with cross-border e-commerce import and export scale growing at an annual rate of over 100% [1] - R&D expenditure in Zhuhai increased by over 80%, with the number of invention patents per 10,000 people doubling and the number of high-tech enterprises growing by over 40% [1] Group 2 - Over the past five years, Zhuhai has focused on the "Macau + Hengqin" new positioning, with over 30,000 Macau residents and more than 7,600 Macau-funded enterprises settling in Hengqin [2] - The Zhuhai port of the Hong Kong-Zhuhai-Macao Bridge has seen nearly 100 million passenger trips, with an import and export value exceeding 1.2 trillion yuan, highlighting the "Golden Passage" effect [2] - Zhuhai's foreign investment enterprises account for 9.67% of the total number of enterprises, and the city's major open platforms have continuously improved their capabilities [2]

Core Viewpoint - The conference on "Leveraging the Unique Advantages of Hong Kong and Macau to Support the Belt and Road Initiative" emphasizes the importance of academic research in enhancing Hong Kong and Macau's participation in the Belt and Road Initiative, addressing both theoretical and practical challenges [1][2]. Group 1: Opportunities and Challenges - The conference featured four sub-forums focusing on Hong Kong's role as a "three major centers" and its legal services in the Belt and Road Initiative, as well as Macau's role as a precise contact point with Portuguese-speaking countries [2]. - The Belt and Road Initiative is entering a new stage of high-quality development, presenting new opportunities and challenges that require collaborative research and discussion [2]. - Experts highlighted the need for innovative academic and policy research to keep pace with practical developments in the Belt and Road Initiative [2][4]. Group 2: Unique Advantages of Hong Kong and Macau - Hong Kong serves as a crucial bridge between mainland China and Belt and Road countries, leveraging its status as an international financial, shipping, and trade center [3][4]. - Macau's role as a connector to Portuguese-speaking countries is increasingly significant, with its unique cultural and economic ties enhancing its contributions to the Belt and Road Initiative [3][7]. - The conference participants included both theoretical researchers and practitioners from various countries, facilitating a comprehensive discussion on the practical and theoretical issues related to Hong Kong and Macau's involvement in the Belt and Road Initiative [4]. Group 3: Future Directions - Hong Kong is positioned to enhance its role as a "super value-added connector" in the global supply chain, facilitating the flow of logistics, people, capital, and information [5][6]. - Macau aims to strengthen its role as a service platform for trade and cultural exchange between China and Portuguese-speaking countries, focusing on projects that enhance cooperation in agriculture and logistics [7][8]. - The development of Macau's tourism sector is seen as a means to foster cultural exchange and attract global audiences, particularly from Latin America [8].

Core Viewpoint - Zhuhai Group has transformed from a window enterprise to a state-owned platform, playing a crucial role in the development of Zhuhai Economic Special Zone and participating in the integration of state-owned enterprises in Zhuhai [1][2][8]. Historical Development - Founded in 1980 in Macau, Zhuhai Group became the first state-owned enterprise to engage in international market competition for Zhuhai [2]. - By the late 1990s, Zhuhai Group evolved into a large conglomerate with over 200 subsidiaries across various sectors including engineering, finance, real estate, tourism, trade, and transportation [3]. - The company significantly contributed to infrastructure projects in Zhuhai, including the issuance of $200 million in bonds for the Zhuhai Avenue project in 1996, marking several "firsts" for China [4]. Financial Challenges and Restructuring - The Asian financial crisis in 1997 led to a debt crisis for Zhuhai Group, resulting in a complex debt restructuring process that concluded in 2009, successfully reducing debt by HKD 5.5 billion (63% debt reduction) while preserving state assets worth HKD 12.4 billion [5]. - After a prolonged period of stagnation, the company began to recover in 2015 by focusing on a "4+X" strategic business model [5]. Real Estate and Development Projects - Zhuhai Group's real estate projects emphasize creating an industrial ecosystem and supporting talent housing, integrating deeply with the development plans of Zhuhai Economic Special Zone and Hengqin Guangdong-Macao Deep Cooperation Zone [6][14]. - Notable projects include the Hengqin Science City, which spans approximately 320,000 square meters and aims to provide housing for high-level talent [6]. Recent Developments and Mergers - In 2025, Zhuhai Group absorbed 90.21% of the equity of the Greater Hengqin Group, significantly increasing its asset scale and indirectly controlling three listed companies [11][12]. - The merger is part of a broader trend of state-owned enterprise reform in Zhuhai, which has seen multiple rounds of consolidation aimed at optimizing structure and enhancing operational efficiency [9][10]. Strategic Positioning - The integration of Greater Hengqin Group enhances Zhuhai Group's capabilities in regional development, particularly in the Hengqin area, which is crucial for the Guangdong-Hong Kong-Macao Greater Bay Area initiative [16]. - The company is now positioned to leverage its historical role as a "window enterprise" to facilitate capital operations and regional development, aiming to become a key player in the construction of the Greater Bay Area [16].

Core Insights - The event organized by the Nantong Shanghai Chamber of Commerce aimed to explore innovative cooperation opportunities in the Hengqin Guangdong-Macao Deep Cooperation Zone, focusing on strategic connections between the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area [1][4]. Group 1: Strategic Development - The cooperation zone is establishing a regular communication mechanism to promote project implementation in sectors like new energy and healthcare, injecting new momentum into enterprise development for mutual benefits [4]. - The cooperation zone is building an "1+4" open system based on a special tax regime, facilitating efficient movement of people, goods, capital, and information [4]. - Eligible enterprises in the cooperation zone are subject to a corporate income tax rate of 15%, while high-end talent's individual income tax burden is capped at 15% [4]. Group 2: Industry Integration - The Hengqin cooperation zone's unique policy advantages and international business environment align well with the Nantong Shanghai Chamber of Commerce's goals of integrating the industrial chain, innovation chain, and value chain [7]. - The cooperation zone is collaborating with Macau to establish a China-Portuguese (Spanish) Economic and Trade Service Center, creating a strategic bridge for enterprises in the Yangtze River Delta to connect with Portuguese-speaking markets [7]. Group 3: On-Site Exploration - The visiting delegation conducted an on-site inspection of the Hengqin area, gaining a comprehensive understanding of its development status and potential [11]. - The delegation first visited the 62nd floor of the China Communications Construction Company to overlook the modern urban layout and transportation network of Hengqin [11]. - The group also explored the Hengqin Planning Exhibition Hall to understand the specific scenarios of cross-border trade facilitation under the "line management" policy [11].

Group 1 - The core viewpoint of the article emphasizes the collaboration between central enterprises and various businesses in Macau to promote economic diversification and development [1] - The State-owned Assets Supervision and Administration Commission (SASAC) plans to support central enterprises in participating in the construction of the Hengqin Guangdong-Macao Deep Cooperation Zone, focusing on sectors such as integrated circuits, biomedicine, and digital technology [1] - The Chief Executive of Macau expressed the intention to enhance strategic alignment and practical cooperation with central enterprises, leveraging Macau's unique advantages in trade, investment, technological innovation, cultural tourism, and health sectors [1] Group 2 - The SASAC aims to contribute to the long-term prosperity and stability of Macau through enhanced collaboration in technology and industry [1] - The discussions highlight the importance of deepening cooperation to expand new opportunities and achieve collaborative outcomes between the two parties [1]

Group 1 - The meeting between the head of the General Administration of Customs and the Chief Executive of the Macao SAR focused on implementing important directives from President Xi Jinping and central policies benefiting Macao [1] - Discussions included advancing the construction of the Hengqin Guangdong-Macao Deep Cooperation Zone and enhancing cooperation in smart customs development [1]

Core Viewpoint - The Central Committee of the Communist Party of China and the State Council officially issued the "Overall Plan for the Construction of the Hengqin Guangdong-Macao Deep Cooperation Zone," outlining a grand blueprint for the development of the Hengqin cooperation zone [1] Group 1 - Since the issuance of the plan on September 5, 2021, the Hengqin border inspection station has processed a total of 69.85 million entries and exits of people and 8.12 million vehicles by September 4, 2025 [1] - Among the total entries and exits, over 16.75 million were Macau residents, accounting for 24% of the total [1] - The number of Macau-registered vehicles that crossed the border exceeded 5.38 million, representing 66% of the total vehicle entries and exits [1]

Core Insights - The Hengqin Port has become a crucial hub for personnel exchange and economic cooperation between Guangdong and Macau, having processed over 75.64 million travelers since its opening five years ago [1][6]. Group 1: Operational Performance - The daily average of travelers at Hengqin Port reached 76,946 from January 1 to August 16, 2025, representing a 1.88 times increase compared to pre-opening levels in 2019 [4]. - The port recorded its highest single-day passenger flow of 128,400 on May 2 and a peak vehicle flow of 10,500 on July 19 this year [4]. - Macau residents accounted for 27.1% of the total traffic, while tourists, non-local students, and foreign employees made up 40%, 16.1%, and 16.2%, respectively [4]. Group 2: Innovations and Improvements - The port has implemented a "cooperative inspection, one-time release" model, enhancing the efficiency of border checks [4][12]. - A "joint one-stop" vehicle lane system was launched, allowing non-passenger vehicles to complete inspections in an average of 100 seconds, with the fastest at 50 seconds [11]. - The introduction of a dedicated cross-border student passage has improved access for students, with extended operating hours to accommodate school schedules [15]. Group 3: Future Development Goals - The Macau Security Police indicated plans to focus on "expansion, speed enhancement, and convenience" to further develop Hengqin Port as a significant window for national reform and opening-up [17].

Core Viewpoint - The Chief Executive of the Macao SAR, Ho Iat Seng, emphasizes that the primary challenge facing the current government is the relatively singular economic structure, and the government is implementing various measures to promote moderate economic diversification [1][3]. Group 1: Economic Diversification Measures - The Macao SAR government plans to enhance government efficiency, optimize the business environment, advance the construction of the Hengqin Guangdong-Macao Deep Cooperation Zone, and undertake major engineering projects to address the issue of a singular economic structure [3]. - Hengqin is highlighted as a key area for breaking through the challenges of moderate economic diversification, aiming to provide more job opportunities and living spaces for Macao citizens while opening up economic and commercial development spaces for the business community [3]. Group 2: Youth Engagement and Opportunities - The Chief Executive encourages Macao youth to step out of their comfort zones, engage with Hengqin, and embrace the Greater Bay Area, emphasizing the importance of broadening their horizons and utilizing their skills in the evolving economic landscape [5]. Group 3: Trade and External Influences - Macao's annual export trade is approximately 13 billion Macao Patacas, with exports to the United States around 300 million Macao Patacas, primarily consisting of clothing and souvenirs, indicating a low dependency on the U.S. market [7]. - Although the trade war has not directly impacted Macao, the global consumer power shift poses a risk, prompting the government to explore new overseas markets in Southeast Asia and the Middle East while accelerating the development of a world tourism and leisure center [9].