Macau to create two tech centres to support Lusophone projects in GBA

The Government announced the creation of two Sino-Lusophone centres to support the establishment of “advanced technology projects” from Portuguese Speaking countries  in the Guangdong Hong Kong Macau Greater Bay Area (GBA), with the award of grants and collaborations with universities and companies .

One centre will be located in the In-depth Cooperation Zone in Hengqin and another one in Macau, Economic Services Bureau director Tai Kin Ip said on Wednesday at the Policy Address questions and answers session regarding the economy and finance portfolio held at the Macau Legislative Assembly.

Mr Tai said that the ultimate goal is to allow “advanced technology projects from Portuguese-speaking countries to enter the Greater Bay market”.

Sino-Lusophone ties to be “taken to new level”

Also within the scope of Sino-Lusophone cooperation, Secretary for Economy and Finance Lei Wai Nong underlined that in 2023, Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Forum Macau) will celebrate its 20th anniversary. “The exchange and cooperation between Mainland China, Macau and Portuguese-speaking countries, in terms of trade, culture, conventions and exhibitions, training, among other areas, will be taken to a new level”.

For the year, the Macau administration also hopes to start the preparatory work for the Forum’s  6th Ministerial Conference of Forum Macau

In addition to strengthening economic and commercial exchanges between China and Portuguese-speaking partners, Macau plans to “promote the construction of a platform for the provision of financial services” between the two sides and a “center for regulating transactions in RMB for Portuguese-speaking countries”, said Lei Wai Fong.

Also according to the secretary, the SAR wants to “encourage Macau banks to incessantly provide cross-border financing services to Portuguese-speaking countries, expanding promotional actions on products and services denominated in RMB”.