Hengqin unveils 2025-2029 development plan

 jul25

Hengqin has compiled another five-year plan designed to make the island more internationally appealing.

According to official information made available on Monday, by 2029, when Macau marks 30 years since its return to Chinese rule, there should be a high level of synergy between the two regions, with a ‘fully established institutional system for deep regulatory integration’.

Adjectives such as ‘efficient’ and ‘convenient’ are also emphasised in reference to essential cross-border flows.

Industrial parks for co-innovation will have been completed.

Moreover, the added value from the four emerging sectors — healthcare, technology, culture and tourism — as well as modern finance, will need to make up about 65 per cent of the region’s gross domestic product.

The island, about three times the size of Macau, is also aiming to raise the added value of its Macau-funded industries to RMB9 billion (US$1.26 billion/MOP10.15 billion).

When it comes to technological research and development and manufacturing, the microelectronics industry chain is one of the key focuses, alongside the digital economy.

Macau-branded Chinese medicine is also a priority, with the island dedicated to showcasing dietary supplements.

The authorities said they would continue to enrich the island’s financial ecosystem while pursuing cross-border innovations along the way.

More effort will also be devoted to building a platform for international conferences and exhibitions, as well as a global trade centre.

https://www.macaubusiness.com/hengqin-unveils-2025-2029-development-plan/

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