Investments by Macau companies in Guangdong increases 47.7 pct in 2012

30 January 2013

Investment by Macau companies in Guangdong province rose 47.7 percent in 2012, said deputy governor Zhao Yufang cited by Chinese language daily newspaper Macau Daily (Ou Mun Iat Po).

Adding that investment made by companies from both Hong Kong and Macau rose by 4.5 percent year on year, the deputy governor said that all investment projects had been approved but had yet to be implemented.

In the last five years, Zhao Yufang said at a meeting with members of the Guangdong Provincial Commission of the Chinese People’s Political Consultative Conference from Hong Kong and Macau, the province attracted investment totalling US$65.7 billion from companies in the two special administrative regions.

Figures from the statistical department of Guangdong province showed that Macau and Hong Kong accounted for 72.8 percent or US$17 billion of external investment in the first nine months of 2012. (macauhub)