Hengqin issues new measures to support Macao businesses

The authorities of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin issued measures on Tuesday to support the development of Macao-invested companies in the zone.

The measures include subsidies and incentives to qualified Macao businesses for work space rental and decoration, introduction of Macao brands and related business operations in the zone and research and development.

The measures are updates from those previously implemented by the Hengqin New Area administration and are more targeted and effective, Fu Yongge, deputy director of the executive committee of the zone, said at a news conference in Zhuhai, Guangdong province, where the zone is located.

The new measures are set to help cut the operation costs of Macao businesses in the zone and boost the confidence of Macao people and businesses in their development, he said.