07 April 2024
On 7 April 2024, the Guangdong-Macao Intensive Cooperation Zone in Hengqin issued the “Implementation Measures for Supporting International Scientific and Technological Cooperation in the Hengqin Guangdong-Macao Intensive Cooperation Zone” (“the Measures”). The Measures proposed to provide a one-time reward of RMB1 million to overseas research and development institutions recognized by the Economic Development Bureau in the cooperation zone. For research and development institutions established in Macao or Portuguese countries, the reward is increased to RMB1.2 million and maximum three overseas research and development institutions within the same enterprise will be awarded. The Measures will be implemented from 1 January 2023 and will be effective until 31 December 2025.