A bridge connecting major cities in the affluent Pearl River Delta will be built, the bidding for  designing the longest sea link opened several weeks ago.

According to estimation, 72.6 billion yuan ($ 10 billion) will be cost on this 29.6 km bridge, which links Hong Kong, Zhuhai and Macao.  The reclaimed island off Gongbei of Macao and the eastern artificial island for the tunnel section of Hong Kong will be connected through this bridge. Read more…

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Guangdong, Hong Kong and Macao now have become a ‘Golden Delta’ in China. Trade and investment between Hong Kong, Macao and Guangdong continues to grow since the Closer Economic Partnership Arrangement (CEPA) between the government of the Hong Kong Special Administrative Region (SAR) and the central government that has been signed on June 29, 2003.

A similar agreement, known as the Mainland and Macao Closer Economic Partnership Arrangement, was signed between Read more…

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There are about 1 million SMEs in Guangdong province, many of which are owned by Hong Kong or Macao investors.

Due to the global financial crisis, the province saw a decline of capital inflows from Hong Kong from January to October this year.

Yet investment in the tertiary industry rose in the past 10 months. Read more…

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According to the fair organizers, the 13th Macao International Trade and Investment Fair (MIF) organizers, this fair is expected to attract more participants than ever from home and abroad with its much diversified displays.

The largest trade and economic annual event in the city will be held at The Cotai Strip TM Convention and Exhibition Center at the Venetian Macau from October 23 to 26, said Macao Trade and Investment Promotion Institute (IPIM).

The fair has contributed a lot to Macao in several aspects, such as investment, trade and cooperation with global business partners.

This year’s MIF will see a wider range of exhibiting pavilions, with the main displaying booths featuring companies from the mainland, European Union, and Portuguese-speaking countries. There will also be Read more…

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As Macao’s economy is witnessing a rapid development, many Australians saw “significant opportunities” in the Special Administrative Region (SAR), said Les Luck, Australian Consul-General Hong Kong and Macao, when delivering a speech at an Australian reception in the island city on May 22nd.

The Consul-General said he was impressed by the level of Australians’ engagement in Macao’s economy, working in fields ranging from the hospitality, gaming, construction, infrastructure, transportation and food and beverage sectors.

James Packer, Australia’s richest man, has set up a joint venture, Melco PBL Entertainment, with Lawrence Ho, son of Macao gaming magnate Stanley Ho, and has built the Crown Macao, a six-star casino resort. And a larger integrated casino resort project initiated by Melco PBL is under construction in the city at present.

In addition, statistics released by the Consulate-General show that between 2006 and 2007, Australia’s merchandise trade with the SAR was worth 632.2 million patacas ($79 million), and Australian’s direct exports to the SAR amounted to 565.1 million patacas ($70.6 million) while imports from Macao’s to 67.1 million patacas ($8.4 million).

“We estimate more than 2,000 Australians live in Macao and expect that number will continue to increase,” said Luck.

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Australia, China, Macao, trade