Greater coordination between the separate legal systems of Macao, Hong Kong and the Chinese mainland is seen as crucial to business.
Greater Bay Area
The initiatives come in the wake of recently introduced Hengqin-Macao multiple entry visas, which are expected to increase demand for the island’s hotels.
The new policy is aimed at boosting China’s plummeting levels of foreign investment, which sank to a 30-year low last year.
The deal will see greater cooperation when it comes to making the Greater Bay Area a more enticing destination for top professionals.
Authorities are still continuing with rescue efforts amid challenging conditions, with the number of fatalities expected to rise.
Official data shows that use of the world’s longest cross-sea bridge has risen significantly since the end of the Covid-19 pandemic.
No dates for the scheme have been announced, but speculation is mounting that specifics will be revealed imminently.
Passenger vehicles with less than seven seats will be exempt from the usual Hong Kong-Zhuhai-Macao Bridge fee during the holiday period.
Hong Kong fared the worst in the latest GBA Business Confidence Index, which described the region’s economic recovery as ‘looking fragile.’