Home>Xiangzhou News

Macao businesses prosper in Zhuhai

Updated: 2019-08-09 (xiangzhouonline) Print

In the first half of this year, 310 Macao-invested enterprises settled in Zhuhai, and the contractual investment by Macao businesses rose 918.3 percent to $3.99 billion, according to statistics from the Zhuhai Bureau of Commerce.

As of June 30, there were 4,226 Macao-invested enterprises in Zhuhai, which involved $20.24 billion in investment. The actual utilized investment was $4.25 billion.

Of particular note is the Zhuhai-Hong Kong-Macao Warehouse that opened at Civet Logistics Marina last month. It is expected to generate more than $1 billion yuan in revenue this year, while helping Zhuhai become an international distribution center based on land-air combined transport.

Likewise, the Hengqin DHC Logistics Centre, which launched on June 27 under the investment of Dah Chong Hong Macau Total Supply Chain Management Co, offers one-stop logistics, storage, and food processing services throughout the Greater Bay Area.

1561946756579087183.png

Opening ceremony of Hengqin DHC Logistics Centre [Photo courtesy Liaison Office of the Central People's Government in the Macao SAR]

Riding the e-commerce wave, 384,000 retail packages worth 120 million yuan ($16.99 million) were imported from Macao from January to June, accounting for 56 percent of the city's total cross-border e-commerce trade volume.

To further entice Macao businesses, the bureau has been active in pushing forward the establishment of the Zhuhai-Macao Economy & Trade Cooperation Platform. It will provide one-stop services for Macao enterprises that seek to expand in the mainland market.

In terms of infrastructure, Zhuhai is also advancing the construction of the new Hengqin Checkpoint and Qingmao Checkpoint (New Guangdong-Macao Channel), the renovation of Gongbei Checkpoint, as well as the relocation of Waizai Checkpoint.

 


share