Preferential policies benefiting Macao residents living and working in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin will be released in the first half of 2022, according to the zone's Economic Development Bureau.

Hengqin Checkpoint [File photo]

Subsidies will be given to Macao businessmen investing in Hengqin, while young employees from Macao working full-time in the zone will receive rewards according to their academic qualifications. Hengqin companies hiring personnel from Macao are also eligible for financial support. 

Convention and exhibition is one of the four major industries that Hengqin has prioritized for future development. Incentives will be offered for the construction of a large-scale platform with global influence to address the lack of such venues in Hengqin, handle cross-border convention and exhibition events, and bolster development of the industry. 

In addition, the upcoming policies will further facilitate the entry and exit of Macao single-plate vehicles in Hengqin. Currently, the quota has been increased to 10,000, and new policies will be promoted to allow more Macao private vehicles access in the cooperation zone. Hengqin will also consider formulating policies for approving Macao operating motor vehicles to engage in cross-border transportation on the island, according to Lin Yanjie, a section chief at the zone's Economic Development Bureau.