Hengqin's Strategic Policies: Paving the Path to an International Commerce and Trade Hub
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Empowering Business Growth with Targeted Incentives
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Hengqin's latest measures offer robust financial incentives to drive the growth and quality of market participants. Commercial complexes, branded supermarkets, and flagship stores can access subsidies of up to RMB 12 million. Meanwhile, enterprises organizing high-profile events such as night markets or consumer festivals in these complexes can secure rewards of up to RMB 1 million per event. By blending financial backing with strategic planning, Hengqin is creating a vibrant ecosystem for commerce and trade.
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Strengthening Ties with Macao Through Cultural and Economic Collaboration
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Recognizing the unique integration potential with Macao, the policies prioritize the establishment of "Macao Specialty Stores," traditional restaurants, and culturally iconic venues. Annual rewards for such entities can reach RMB 8 million, while individual businesses, including restaurants and hotels, are eligible for subsidies of up to RMB 2 million. This approach not only enriches local consumer options but also solidifies Hengqin as a collaborative bridge supporting Macao's economic diversification efforts.
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Fostering Partnerships with Portuguese-Speaking Markets
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To deepen trade ties with Portuguese-speaking countries (PSCs), Hengqin has rolled out targeted incentives. Foreign-funded enterprises from PSCs can receive a one-time reward of RMB 300,000, with additional grants tied to subsequent revenue growth. Companies employing bilingual professionals skilled in Chinese and Portuguese trade relations are eligible for up to RMB 300,000 in rewards, emphasizing the importance of linguistic and cultural competence in global commerce.
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Building a Competitive Cross-Border Trade Ecosystem
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Hengqin's policies also tackle logistics and e-commerce, crucial sectors for global trade competitiveness. International freight forwarding enterprises using Macao International Airport or Hengqin Port can claim subsidies up to RMB 12 million, while enterprises meeting cargo value thresholds are eligible for additional subsidies. New or upgraded cold chain logistics projects for essentials such as food and medicine can receive rewards of up to RMB 3 million, complemented by incentives for cross-border e-commerce enterprises covering 50% of bonded warehouse rent.
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A Vision for High-Quality Development
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Effective from January 1, 2024, through December 31, 2026, these policies aim to establish Hengqin as a globally influential commerce hub. The framework, structured across five key areas—including business development, PSC trade support, and circulation upgrades—demonstrates a clear commitment to fostering innovation and collaboration. By leveraging Hengqin's strategic location and its synergies with Macao, these initiatives lay the foundation for sustainable economic growth while enhancing its role as a bridge between China and Portuguese-speaking markets.
These initiatives, backed by financial incentives and strategic alignment, underline Hengqin's aspiration to become a global player in commerce and trade, offering high-level opportunities for businesses and professionals alike.
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