Hengqin has been an innovation pioneer and demonstration area for China’s Reform & Opening Up and the high-quality development of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) since the changeover of Hengqin New Area in December 2009 intothe Hengqin Free Trade Zone in April 2015, and lately as the Guangdong-Macao In-Depth Cooperation Zone in Hengqin as of last September.
The island has become a 106-sq-km (41-sq-miles) vitality of development. Along with in-depth construction of the GBA and operation of the Cooperation Zone, Hengqin’s cooperation with Macao has increased with an integration of economic industries and social livelihood between the two regions.
Major projects have been settled and policies, platforms implemented since the Cooperation Zone unveiled its commencement plaque on Sept 17, 2021. The agglomeration of innovative resources in Hengqin has also sped up. As of today the number of Macao-funded enterprises registered in Hengqin has risen from about 2,000 in 2019 to more than 4,870.
The 13th CPC Guangdong Provincial Congress put forward that Hengqin will be a regional development demonstration with Chinese characteristics that highlights advantages of the “one country, two systems” policy. The Hengqin Cooperation Zone will also adhere to its original aspiration, shoulder the responsibilities of being a demonstration zone, and further promote Guangdong-Macao integration.