Central enterprises support the win-win development of Sino-Lusophone platform

Recently, 2019 central enterprises supported the Macau China-Portugal Platform Construction Summit held at the Venetian Macao. With the theme of “Towards a New Era of Cooperation and Expanding New Opportunities”, the summit explored new opportunities for the expansion of cooperation between the central enterprises and the Macao-China-Portugal platform to achieve win-win development.

The Chief Executive of Macao, Chui Sai On, said that the construction of the China-Portugal platform fully reflects the central government’s strong support and high trust in Macao. Macao is giving full play to the role of the multilateral economic and trade cooperation mechanism of the “China-Portuguese-Speaking Countries Economic and Trade Cooperation Forum” and continues to promote economic and trade cooperation and exchanges between the Chinese mainland, Macao and Portuguese-speaking countries.

The summit will focus on identifying the entry points and common points of cooperation between enterprises in central enterprises, Macao and Portuguese-speaking countries in areas such as infrastructure, special finance and technological innovation, and strengthen and promote two-way cooperation, multilateral cooperation and linkage cooperation.

Hao Peng, secretary of the State-owned Assets Supervision and Administration Commission of the State Council, pointed out that the Sino-Portuguese business cooperation service platform is an important bridge for exchanges and contacts between China and Portugal. Macao has the unique advantages of trilogy and four languages, and has close ties with Portuguese-speaking countries. The State-owned Assets Supervision and Administration Commission of the State Council will continue to support central enterprises. Relying on the China-Portugal platform to actively dock the Portuguese-speaking countries’ development plans, deepen cooperation in the fields of energy, resource development and utilization, and infrastructure construction, and support central enterprises to set up development centers in Macao, strengthen scientific and technological cooperation with Macao, and jointly build scientific research platforms.

Fu Ziying, director of the Macao Liaison Office, proposed at the meeting to deepen the cooperation between China and Portugal on three aspects.

First, that the central enterprises will give full play to their own advantages and invest more resources to gradually concentrate the Portuguese-speaking countries’ business on the China-Portugal platform and establish a face in Macao. The headquarters of the Portuguese-speaking countries enriches the functions of the Sino-Portuguese platform services, helping Macao to participate deeply in the construction of the “Belt and Road”.

Second, that Macao industrial and commercial enterprises will work closely with central enterprises to expand trade and investment in Portuguese-speaking countries, and explore and create more business opportunities. It is hoped that the Portuguese-speaking countries will continue to create a good business environment, create a market-oriented, legalized and international business environment for investors, and create better conditions for deepening international economic and trade cooperation.

In the subsequent signing ceremony, representatives of central enterprises, Macao local enterprises and representatives of Portuguese-speaking countries made multiple rounds of signing.

The conference launched a comprehensive discussion of several related topics. Regarding the cooperation between the central enterprises “+Macao” and participating in the construction of Portuguese-speaking countries and “One Belt, One Road” infrastructure, participants believed that in recent years, central enterprises have actively participated in the construction of Portuguese-speaking countries and “One Belt and One Road”, in infrastructure interoperability and international production capacity. Cooperation and other aspects have accumulated a lot of achievements and experience. Macao has the institutional advantages of “one country, two systems”, has close contacts with Portuguese-speaking countries, and has extensive contacts with overseas Chinese. In the future, it should strengthen cooperation with central enterprises to “go global” through the Sino-Portuguese platform. Participate in the construction of Portuguese-speaking countries and the “Belt and Road” infrastructure;

Regarding the theme of “using the unique financial services of Macao and helping central enterprises to expand the Portuguese-speaking countries”, the meeting discussed that Macao is focusing on the development of financial leasing, RMB clearing, wealth management and bond financing for Portuguese-speaking countries and domestic and overseas markets. In the future, banks will provide more diversified financing channels and options for central enterprises that undertake trade and investment projects in Portuguese-speaking countries, and continue to expand the Portuguese-speaking countries’ markets;

The conference also explored the future combination of Macao characteristics and the advantages of central enterprises to create a science and technology engine in Guangdong, Hong Kong and Macau. Participants noted that Macao has carried out fruitful and basic research in the fields of Chinese medicine, chip design, space science and Internet of Things. Some of the scientific research results are internationally leading, and four national key laboratories have been established. Combining the strength of the central enterprises with strong scientific and technological strength, complete industrial system and abundant human resources, we will work together to build the Guangdong, Hong Kong and Macao Dawan District International Science and Technology Innovation Center to jointly create the science and technology engine of Guangdong, Hong Kong and Macao Dawan District and contribute their respective power.

The meeting was hosted by the Macao government and the State-owned Assets Supervision and Administration Commission of the State Council. It was hosted by the Macao Economic and Financial Department, supported by the Macao Liaison Office, and co-organized by the Macao Trade and Investment Promotion Bureau.