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Macau and Guangdong governments sign 8 co-operation agreements

Chief Executive Fernando Chui Sai On said on Thursday he was confident about his government’s decision to invest part of Macau’s financial reserves in major infrastructure projects in Guangdong. Chui made the upbeat remark at a press conference after the one-day 2015 Macau-Guangdong Joint Co-operation Conference in Jiangmen city on Thursday. Secretary for Economy and […]

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Chief Executive Fernando Chui Sai On said on Thursday he was confident about his government’s decision to invest part of Macau’s financial reserves in major infrastructure projects in Guangdong.

Chui made the upbeat remark at a press conference after the one-day 2015 Macau-Guangdong Joint Co-operation Conference in Jiangmen city on Thursday. Secretary for Economy and Finance Lionel Leong Vai Tac and Secretary for Transport and Public Works Raimundo do Rosario also attended the meeting.

The governments of both sides signed eight agreements after the meeting, including a framework agreement for Macau’s investment in Guangdong’s infrastructure projects. The other agreements cover a wide range of areas such as yacht travel, weather forecasts and social security for workers from either side.

Chui said the local government did not have a concrete plan for the investments yet, apart from its decision to invest in major infrastructure projects in Guangdong, adding there would be more information once Leong had consulted the relevant entities in Guangdong. Chui said he was confident about the rates of return. He did not say how much of Macau’s financial reserves his government plans to invest in Guangdong.

According to a TDM report last week, the government’s financial reserves stood at 350 billion patacas at the end of last month.

Meanwhile, Guangdong Governor Zhu Xiaodan said his government would continue supporting Macau’s young entrepreneurs, such as by backing the setting-up of the Hengqin Entrepreneurship Valley for Macau Youth and encouraging further exchanges between young professionals from the two sides. (macaunews/macaupost)

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