Hong Kong And Macau In The Future

Compared with Hong Kong, Macau has a sm aller population and economic scale, yet its foreign direct investments exceeds Guangzhou's, and is similar to Shenzhen. To promote equitable and v igorous growth in the region, surplus foreign direct investments from Hong Kong and Macau can be diverted to other cities in the Greater Bay Area

The central government's report delivered by Premier Li Qiang emphasised the importance of Hong Kong and Macau fully implementing the principles of quotone country, two systems,quot quotHong Kong people ruling Hong Kong,quot quotMacau people ruling Macau,quot and quota high degree of autonomyquot - four main aspects to which the two special administrative regions must adhere.

The Hengqin Plan and Qianhai Plan released by the Chinese central government aim to deepen economic cooperation and promote cross-border integration within the Guangdong-Hong Kong-Macau Greater Bay Area GBA. The Plans will involve greater integration of Hong Kong and Macau with the mainland. While Macau has always embraced this trajectory and the Hengqin Plan could bring greater dynamism to

interests and Hong Kong's economic future. U.S. Consulate General Hong Kong and Macau will therefore monitor developments and engage with government officials, and with civil society and private sector leaders, to advocate for continued autonomy in Hong Kong and Macau. The Consulate General will advocate for

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The Hong Kong government is keenly aware of talent shortages and has put in place talent schemes aimed at attracting professionals to Hong Kong. In December 2022, the Hong Kong government launched a quota-free Top Talent Pass Scheme to provides two-year visas to high-earning individuals and graduates from top-100 global universities.

How have the economies of Hong Kong and Macau been affected by recent events? Both economies have faced challenges due to political unrest and the COVID-19 pandemic, impacting tourism and business activities. What are the future prospects for Hong Kong and Macau? The future looks optimistic, with efforts to diversify economies and enhance

quotThe report affirms the development of the Guangdong-Hong Kong-Macao Greater Bay Area GBA,quot Sio Chi Wai, a deputy to the National People's Congress and president of the Macau Development Strategy Research Centre, told GDToday. quotThere will be new opportunities for the development of the GBA in the future.quot

During Thursday's anniversary celebrations in Macau, President Xi Jinping met with Hong Kong Chief Executive John Lee to discuss the future of quotone country, two systems.quot Xi emphasized that the principle has entered a new phase and urged Hong Kong and Macau to make further progress, promote development, and learn from one another.

With the proposed Hong Kong-Zhuhai-Macau Bridge HZMB due to open in the near future, travel times between Macau and Hong Kong will be drastically reduced. The 9.4km, three-lane, dual carriageway

Hong Kong's future has been the subject of intense debate, given the anti-Beijing nature of the protests, while Macau has been held up as a shining example of making the governing formula work