The Macau Chief Executive said on Monday in Beijing that Guangdong-Hong Kong-Macau cooperation should be strengthened and modernised as the focal point of the Greater Bay.
Chui Sai On said that it is an advantage to apply the principle of “One country, two systems” to Hong Kong and Macau, which shows the importance of both special administrative regions in the reform and economic opening of the People’s Republic of China.
During his speech on “The Guangdong-Hong Kong-Macau Greater Bay in the context of the global economy,” at the 2019 China Development Forum, the Chief Executive restated that the Greater Bay would bring new development opportunities for the cities involved but considered that these opportunities will also require greater cooperation and strengthening of links between them in order to better exploit the opportunities of the Greater Bay and to better respond to their challenges.
A statement from the Macau Government Information Bureau noted that Chui Sai On has said that the differences between the “two systems” and “the three jurisdictions and an equal number of tax systems should be coordinated and balanced.”
Chui also considered that promoting the construction of the Greater Bay requires turning those challenges into opportunities, highlighting as a priority the resolution of differences between economic, legal and administrative systems.
During his speech, Chui Sai On gave assurances that Macau will take advantage of the opportunities offered by the Plan of the Greater Bay to transform the special administrative region into a base for exchange and cooperation promoting the coexistence of cultural diversity, thus allowing for scientific development, technology and innovation in the region that encompasses the cities of Guangzhou-Shenzhen-Hong Kong-Macau. (Macauhub)