Group 1 - The core viewpoint emphasizes Macau's commitment to patriotism and multi-faceted economic development, aiming for high-quality growth in various sectors under the "patriots governing Macau" principle [1][2][3] - The 2025 Legislative Assembly election marks a significant milestone, showcasing a diverse and capable assembly that reflects the principles of "one country, two systems" and "Macau people governing Macau" [2][3] - The new Legislative Assembly is composed of strong patriots, including more youth and professionals, enhancing its role in law-making and government oversight, which has raised public expectations for Macau's future [3] Group 2 - The government prioritizes moderate economic diversification, focusing on the "1+4" industry development model, with tourism showing strong recovery and other sectors performing well [4][5] - In the first three quarters of 2025, Macau's GDP reached approximately 301.3 billion MOP, reflecting a real growth of 4.2% year-on-year, with expectations for annual GDP growth to exceed 5% [5] - Major events and exhibitions have contributed to Macau's economic vitality, with significant increases in visitor numbers and non-gaming spending, indicating a robust recovery in the tourism sector [4] Group 3 - Macau is actively integrating into national development plans, particularly through the construction of the Hengqin Guangdong-Macau Deep Cooperation Zone, which includes strategic planning and regulatory adjustments [6][7] - The establishment of a leadership group for the Hengqin Cooperation Zone aims to coordinate important matters and promote industrial development, reflecting Macau's proactive approach to national integration [6][7] - The upcoming "Three-Five" plan will align with the national "14th Five-Year" plan, focusing on leveraging Macau's unique advantages for high-quality development [7]

Core Viewpoint - The Chief Executive of the Macao SAR, Ho Iat Seng, presented the second policy address of his term, outlining the government's focus on administrative reform, promoting diversification, optimizing livelihoods, and integrating into the national framework as the overall direction for governance in the coming year [1]. Economic Outlook - The 2026 fiscal year policy report sets key development goals for Macao, including sustained economic recovery, substantial progress in economic diversification, positive GDP growth, improved business environment, and enhanced economic vitality [1]. - Macao's GDP for the first three quarters of this year was estimated at 301.3 billion MOP, reflecting a real growth of 4.2%. The number of inbound visitors reached 29.67 million, with international travelers accounting for 1.89 million, marking increases of 14.5% and 12.4% respectively [2]. Social Welfare and Support - The report maintains existing universal welfare benefits while adjusting several assistance programs for vulnerable groups, including increased subsidies for three categories of disadvantaged families and enhanced support for caregivers [3]. - Specific adjustments include raising the marriage subsidy to 4,000 MOP, daily unemployment benefits to 210 MOP, and funeral subsidies to 5,200 MOP [3]. Governance and Administrative Reform - The report emphasizes deepening public administrative reform and promoting moderate economic diversification as core tasks to enhance governance efficiency [6]. - It outlines plans to restructure departmental functions to improve coordination and efficiency, addressing long-standing issues of communication and collaboration among government departments [7]. Economic Diversification Strategies - The government aims to deepen the "Tourism+" integration strategy, focusing on five key areas: "Tourism + Food," "Tourism + Events," "Tourism + Exhibitions," "Tourism + Education," and "Tourism + Health," to provide diverse experiences for visitors [8]. - New sectors such as "Tourism + Education" and "Tourism + Health" are being developed, with initiatives to create diversified educational travel routes and enhance healthcare services within the tourism framework [9]. Regional Cooperation and Development - The report highlights the importance of enhancing collaboration within the Guangdong-Hong Kong-Macao Greater Bay Area, establishing mechanisms for joint development, and promoting high-quality growth [10]. - The Macao government is committed to advancing the Hengqin cooperation zone, with plans to increase the number of Macao personnel involved in its development and create a more integrated workforce [10][11].

Core Viewpoint - The Chief Executive of the Macao SAR emphasizes the necessity for moderate economic diversification and the urgency to accelerate efforts in this direction, focusing on fostering internationally competitive new industries through enhanced policy support, increased funding, and improved business environment [1] Group 1: Economic Diversification Strategy - The government aims to strengthen the comprehensive tourism and leisure industry by deepening the integration of "tourism+" sectors, including "tourism+food," "tourism+events," "tourism+exhibitions," "tourism+education," and "tourism+health" to provide diverse experiences for visitors [1] - A government-led industrial fund and guiding fund will be established, with contributions from both the government and private sectors, managed by professional teams to invest in projects and enterprises that align with Macao's economic diversification goals [1] Group 2: Industry Development Focus - The government plans to steadily advance the development of the traditional Chinese medicine health industry, enhance the quality of the modern financial sector, and accelerate the cultivation of high-tech industries [1] - There is a commitment to improving the competitiveness of the exhibition and trade industry while promoting the continuous development of cultural and sports industries [1] Group 3: Digital Economy Initiatives - The government encourages the rapid development of the digital economy, urging small and medium-sized enterprises to leverage cross-border e-commerce and live-streaming sales to expand their markets, facilitating Macao businesses' access to mainland e-commerce platforms [1]