Change in Hengqin zone to assist Macao integration

The Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Guangdong province, is set to start closed-loop operation on March 1, marking a significant stride in advancing integrated development with the neighboring Macao Special Administrative Region. The executive committee of the cooperation zone said the move is in alignment with the Overall Plan for the Development of the Guangdong-Macao In-Depth Cooperation Zone, designating the border between Hengqin and Macao as the "first line "and the border between Hengqin and other parts of the Chinese mainland as the "second line". From the start of closed-loop operation, goods that meet certain conditions will be exempted from tax when entering the cooperation zone through the "first line", with other goods to be bonded. The zone in Hengqin, as a key cooperation platform in the Guangdong-Hong Kong-Macao Greater Bay Area, will enrich the exploration of "one country, two systems" and promote Macao's integration into the country's development, Fu said.