Macao also a financial hub in GBA

Macao is not only a good example of the success of "one country, two systems" but also a key city in the Guangdong-Hong Kong-Macao Greater Bay Area, an important hub of the Belt and Road Initiative and a gateway to cooperation with Portuguese-speaking countries. The Macao Special Administrative Region's government upholds the "one country, two systems" policy, building "one center, one platform and one base" to help the region fully integrate into the Greater Bay Area and the national development policy.

Drawing on President Xi Jinping's speech during his inspection tour to Macao, in which he outlined "four hopes" and "three expectations", and the SAR government's vision, the SAR can strengthen its role in financial connectivity and innovation in the Greater Bay Area. By leveraging its advantage of being "backed by the motherland and connected to the world", Macao can play a leading role in promoting high-level financial opening-up, helping the country realize its broader development goals.

First, cross-border financial cooperation between Macao and Hengqin, a 106-squarekilo-meter island near the SAR poised to become a free trade zone, is entering a key breakthrough phase. So Macao should leverage its unique position as a facilitator of both domestic and international cooperation, and connect national policies on institutional opening-up with the standards and rules of the Greater Bay Area.