Macau, Guangdong and Hong Kong in Paris to attract investment to the region

Macau, Guangdong and Hong Kong in Paris to attract investment to the region

Delegations from Macau, Guangdong and Hong Kong met in Paris with over 400 French government and business community members to attract investment to the Greater Bay region.

Last Wednesday, according to a statement released by the Macao Trade and Investment Promotion Institute (IPIM), delegations from this region held a Seminar on Guangdong-Hong Kong-Macao Great Bay area to persuade French businessmen and politicians of the advantages of investing in these three territories.

In France, Wu Xiaojun, China's Minister-Counselor for Foreign Affairs, said that China wants to further open up its markets to foreign investment and that the Chinese government "attached great importance to the construction of the Great Bay area," emphasizing that in the future these regions will become "a new growth engine for China and its window to the outside world."

IPIM President Jackson Chang, acting as the Macao Government representative, pointed out that the Great Bay project involves a cooperation model with three highly competitive tariff areas, adding that Macao - as the point of connection between China, Portuguese-speaking countries and even Europe - can help attract foreign investors to the Great Bay area.

According to the IPIM statement, Jackson Chang also pointed out that in 2017 trade relations between France and Macao amounted to $720 million (€621 million)

Finally, Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor told the seminar that the Central Government will continue to advance the integration of Hong Kong and Macao in the nation's overall development, and therefore priority will be given to the implementation of the Great Bay project.