SINGAPORE – Media OutReach Newswire – 1 September 2026 – The Macao Particular Administrative Area (MSAR) Authorities hosted a reception and the Macao Financial, Commerce, Tourism and Funding Promotion Seminar in Singapore on August 31, aiming to virtually advance cooperation between Macao and Singapore throughout a number of official and non-governmental sectors. The occasion featured over 130 enterprise matching periods and witnessed the signing of greater than 80 agreements, protecting key areas resembling excessive know-how, conventional Chinese language medication (TCM) and large well being, conventions and exhibitions (MICE), tourism, trendy finance, and industry-academia-research collaboration.
The occasion gathered over 350 distinguished friends, together with Sam Hou Fai, Chief Govt of the MSAR; Gan Siow Huang, Minister of State, Ministry of International Affairs & Ministry of Commerce and Business; representatives from the Embassy of the Individuals’s Republic of China in Singapore; members of the MSAR Authorities delegation; delegates from the Macao-Hengqin and Mainland China financial, commerce, and tourism delegation; in addition to representatives from Singapore’s political, enterprise, cultural, tourism, and commerce affiliation sectors.
Sam Hou Fai said that final June, coinciding with the thirty fifth anniversary of the institution of diplomatic relations between China and Singapore, Prime Minister Lawrence Wong made a profitable go to to China. President Xi Jinping and Prime Minister Wong collectively charted the course for the steady and wholesome growth of China-Singapore relations on this new section. He famous that main the delegation to Singapore this time is each a concrete motion to implement the essential consensus reached by the leaders of each nations, and a key initiative for Macao to leverage its distinctive benefits, deepen and develop exchanges and cooperation with Singapore, and inject new momentum into China-Singapore relations.
This 12 months marks the inaugural 12 months of China’s “fifteenth 5-12 months Plan,” and to make sure seamless alignment and coordination, the Macao SAR Authorities just lately promulgated the “Third 5-12 months Improvement Plan for the Financial and Social Improvement of the Macao Particular Administrative Area (2026-2030).” The important thing strategic deployments of the Plan concentrate on driving diversified financial growth on a stable footing, with 4 main engineering initiatives and government-guided funds serving as the first leverage, whereas deepening Macao-Hengqin integration to advance the high-quality growth of the Guangdong-Macao In-Depth Co-operation Zone in Hengqin. Moreover, the Plan goals to speed up city renewal to construct an attractive and sensible Macao, alongside actively collaborating within the high-quality growth of the Guangdong-Hong Kong-Macao Larger Bay Space (GBA) to place Macao as an important bridgehead for the nation’s high-level opening-up and an important window for mutual studying and exchanges between Chinese language and Western civilizations. Concurrently, Macao will actively set up a handy and extremely environment friendly public service system, fostering a world-class, market-oriented, law-based, and internationalized enterprise setting to earnestly defend the respectable rights and pursuits of all market entities and buyers, thereby providing international buyers a extra engaging and dependable funding local weather.
Gan Siow Huang remarked that Macao and Singapore have lengthy maintained shut and pleasant relations, attaining fruitful cooperation in fields resembling financial system, commerce, tourism, schooling, and cultural exchanges. Wanting forward, either side can leverage their complementary strengths to additional deepen cooperation in tourism and concrete growth, working collectively to grab new alternatives for regional growth and financial development.
Each Singapore and Macao have established internationally famend tourism industries and vacation spot manufacturers, permitting the 2 areas to attract on one another’s experiences in crafting premium customer experiences, growing built-in tourism merchandise, and constructing vibrant, extremely livable cities. Singapore seems ahead to sharing sensible experiences in tourism {industry} growth with Macao and fostering productive partnerships between their respective enterprise sectors. Moreover, as enterprises in each areas worth their home markets whereas more and more casting their eyes on broader abroad alternatives, Singapore and Macao can function mutually trusted companions to bridge the markets of the Guangdong-Hong Kong-Macao Larger Bay Space (GBA) and Southeast Asia, supporting companies from either side in tapping into new alternatives and establishing strong cross-regional networks. On the similar time, by pooling company strengths, either side can carve out new avenues of development in key financial sectors resembling digitalization, innovation, sustainable growth, and eldercare companies.
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