China City News / China City NetworkArchived Coverage
Hengqin: From Supporting Macao to Institutional Innovation in the Greater Bay Area
Greater Bay Area & Regional Development
Group 1 leader, “Greater Bay Area Action” programme
Examining the Guangdong–Macao In-Depth Cooperation Zone in Hengqin through its central objective of diversifying Macao's economy. Four priority areas—technology research and advanced manufacturing; Macao-branded industries including traditional Chinese medicine; culture, tourism, conventions, exhibitions and trade; and modern finance—extend the scope for Macao's economic development. Alongside these industries, employment, entrepreneurship, public services, social security and cross-border flows are progressively being incorporated into arrangements for closer integration.
Hengqin also raises questions for Hong Kong and Qianhai. Rather than simply replicating Macao, it starts from Macao's development needs and uses joint planning, development, management and shared benefits, together with regulatory and administrative coordination, to make institutional differences under “one country, two systems” a resource for cooperation. Qianhai places greater emphasis on Hong Kong's finance, professional services, technology and international market connections. Both approaches ask how cooperation in the Greater Bay Area can move beyond visits and individual projects towards institutional coordination in regulation, professional qualifications, public services and cross-border flows.