Hengqin issues general guideline on reform and innovation
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E-mail China.org.cn, August 4, 2015
The Managing Committee of Hengqin New Area in southern China's Zhuhai City has issued a general guideline on reform and innovation.
The July 28 guideline focuses on systematic innovation, supports neighboring Macao to build an international tourism and recreation center, aims to build a platform for trade and cooperation among China and Portuguese and Spanish-speaking countries.
Under the framework of the Closer Economic Partnership Arrangement, or CEPA, the area will lower the threshold for investors from Hong Kong and Macao. Breakthroughs are expected in the fields of financial services, transportation, trade and technological services.
Plans are afoot for a traditional Chinese medicine (TCM) industrial base with Hong Kong and Macao characteristics, a TCM technological industrial park and a platform for young business starters from Macao.
The area not only wants to attract Macao lawyers to start business in Hengqin, but also wants to be covered by Macao's social welfare system on medical treatment, education and pensions.
The guideline also emphasizes trade promotion with countries and regions involved in "the Belt and Road Initiative" as well as a trade platform for China and Portuguese-speaking countries.
"Our import goods sales center will be an exhibition and sales platform for goods from Portuguese and Spanish-speaking countries and Latin American countries in general," said Niu Jing, director of the Management Committee of the Hengqin New Area.
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