On 20 February, the Entrusted Management Agreement and Key Project Signing Ceremony of the Guangdong-Macao Traditional Chinese Medicine Science and Technology Industrial Park was held in Hengqin, Zhuhai.
Ho Iat Seng, Chief Executive of the Macao Special Administrative Region, Zheng Xincong, Director of the Liaison Office of the People's Republic of China in the Macao Special Administrative Region, Yu Yanhong, Director of the State Administration of Traditional Chinese Medicine, Wang Sidong, Chairman of China Taiping Insurance Group, Li Weinong, Secretary for Economy and Finance of the Macao Special Administrative Region and Chairman of the Executive Committee of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Huang Luqi, Deputy Director of the State Administration of Traditional Chinese Medicine and President of the China Academy of Chinese Medical Sciences, Nie Xinping, Director of the Hengqin Office of Guangdong Province and Deputy Director of the Executive Committee of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Li Kedong, Deputy General Manager of China Taiping Insurance Group, Zhao Rong, Director of Business Management of Bank of China, and Professor Liu Liang, Academician of the Chinese Academy of Engineering and Director of the National Key Laboratory of Traditional Chinese Medicine Syndrome, attended the signing ceremony.
Leader's speech
Yu Yanhong expressed warm congratulations on the success of the signing ceremony. She pointed out that the State Administration of Traditional Chinese Medicine fully supports the development of the Guangdong-Macao Traditional Chinese Medicine Science and Technology Industrial Park. Through the efforts of all parties, the GMTCM Park has achieved positive results in the registration of traditional Chinese medicine products, import and export, education and training, etc., and the window and demonstration role of traditional Chinese medicine going out has become increasingly prominent. It is hoped that the industrial park will take the centralized signing of key projects as a new starting point, strengthen communication and coordination with all relevant parties, promote the acceleration of the implementation of key projects, accelerate the formation of new quality productivity through innovation and empowerment, and make new and greater contributions to promoting the modernization, industrialization and development of traditional Chinese medicine to the world, and to promoting the construction of the Guangdong-Hong Kong-Macao Greater Bay Area.
Li Weinong said that the signing of this agreement will help further unite the forces of all walks of life, promote the efficient gathering of high-quality resources, and accelerate the high-quality development of the industrial park. He pointed out that the GMTCM Park is a hot land with a major mission, and an important starting point for promoting the development of Macao's traditional Chinese medicine and health industry, thereby promoting the moderate diversification of Macao's economy. It is the "main front" to promote the development of the traditional Chinese medicine industry in the cooperation zone; It is an important platform to promote the "industrialization, modernization, and 'going out'" of traditional Chinese medicine. He said that the Executive Committee of the Special Administrative Region and the Cooperation Zone will, as always, fully support the development and construction of the GMTCM Park, actively promote it in terms of policy assistance, investment attraction and resource synergy, accelerate the development of the GMTCM Park into an important node of the highland of traditional Chinese medicine in Guangdong, Hong Kong and Macao, and become a benchmark and guide for promoting the moderate diversification of Macao's industries. It is hoped that under the leadership of the Taiping team, the GMTCM Park will further unite its efforts, accelerate high-quality development, and present the 3rd anniversary of the establishment of the Cooperation Zone and the 25th anniversary of Macao's return to the motherland with fruitful results.
In his speech, Wang Sidong said that today's event is a phased report on the operation work undertaken by the China Taiping team in the past year, and it is also a new starting point for the industrial park to start its future development plan. With the strong support of the Macao Special Administrative Region and the joint efforts of all parties at home and abroad, China Taiping has made new improvements in the industrial park, and gratifying changes are taking place. Today, the Macao SAR officially entrusts the GMTCM Park to China Taiping for management and operation, which is a high degree of trust and entrustment of the SAR and a solemn commitment of China Taiping! We firmly believe that with the strong support and joint efforts of all parties, more and more outstanding enterprises will pay attention to the industrial park, more and more high-quality projects will land in the industrial park, and the future of the industrial park will be better!
Sign the agreement
Wu Jianfeng, Chairman of Macau Investment and Development Co., Ltd., and Wu Song, General Manager of Taiping Capital Insurance Asset Management, signed the "Entrusted Management Agreement of the Guangdong-Macao Cooperation Traditional Chinese Medicine Science and Technology Industrial Park", which was witnessed by He Yicheng, Zheng Xincong, Wang Sidong, Li Weinong and Li Kedong.
Key projects are signed in a centralized manner
Witnessed by the leaders of all parties, 17 key projects covering the research and development of innovative drugs and devices, high-end medical and health care services, training of Chinese medicine talents, and testing and trading of Chinese herbal medicines have been successfully signed, which will inject strong momentum into the high-quality development of the TCM health industry in Hengqin and Macao.
Review of results
Traditional Chinese medicine is the treasure of the Chinese nation, and the development of traditional Chinese medicine is a powerful promotion and inheritance of the excellent traditional Chinese culture. In April 2011, the Traditional Chinese Medicine Science and Technology Industrial Park of Guangdong-Macao Cooperation was officially launched in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin as the first project of the Framework Agreement on Guangdong-Macao Co-operation.
Located in the northwest high-tech area of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, the Guangdong-Macao Traditional Chinese Medicine Science and Technology Industrial Park covers an area of 500,000 square meters with a total investment of nearly RMB8 billion, and is committed to becoming an international and high-level medical and health industrial park with distinctive Macao characteristics and traditional Chinese medicine characteristics, playing a benchmarking and leading role in the moderately diversified development of Macao's industries, enriching the great practice of "one country, two systems", and promoting Macao's long-term prosperity and stability and better integration into the overall development of the country.
In 2022, the Macao Special Administrative Region** and China Taiping Insurance Group signed a cooperation framework agreement to jointly promote the industrial park project. In January 2023, China Taiping began to undertake the operation and management of the industrial park, and has now formed a variety of business formats such as hotels, commercial streets, museums, office buildings, testing centers, and extraction centers. As of the end of December 2023, there are 212 registered enterprises, including 70 Macao enterprises, involving traditional Chinese medicine, cosmetics, health products, medical devices, biomedicine, medical services and other fields, and have built GMP pilot production, R&D testing and industrial incubation bases that meet the certification standards of Chinese mainland and the European Union, forming a professional public service platform with international advanced standards.
More than 100 representatives from the Executive Committee of Hengqin In-depth Cooperation Zone, Macao Investment and Development Co., Ltd., Zhuhai Dahengqin Group, and relevant cooperative universities, associations, financial institutions and enterprises participated in the event.