The Zhuhai Western Returned Scholars Association · Overseas Returned Scholars Association will cooperate with the Macao International Investment Association to share resources, capital matchmaking, and internationalized development.

A cooperation agreement was signed at Xiangshan Marine Scientific & Technological Port in the National Hi-Tech Industrial Development Zone (Tangjiawan) on Jan 22.

The two organizations will help develop emerging industries such as sci-tech innovation, characterized finance, medical treatment and healthcare, cross-border commerce and trade, culture-tourism and convention-exhibition, and professional services, and also foster innovation by young Macao entrepreneurs.

National Hi-Tech Industrial Development Zone [Photo by Cheng Lin / File photo]

Macao enterprises and investment funds will be matched with projects of Zhuhai Western Returned Scholars Association members, who will in turn be encouraged to take part in Macao conferences, exhibitions, and investment.

The cooperation is intended to further integrate Macao enterprises into building the Guangdong-Hong Kong-Macao Greater Bay Area and boost the internationalization of Zhuhai enterprises relying on Macao for Sino-Portuguese commerce and trade services.

Founded in 2014, the Macao International Investment Association is a non-profit chamber of commerce that aims to promote industrial exchanges and information sharing for financiers in Macao and elsewhere.

Against the backdrop of the Greater Bay Area, it is committed to strengthening economic, societal, and cultural exchanges and cooperation between Zhuhai and Macao, advancing the diversification of Macao industries, and helping Macao enterprises expand in the Chinese mainland.

The Macao association has recently set up a Zhuhai office, which is registered at the Department of Commerce of Guangdong Province and approved by the Provincial Public Security Department.