橫琴誌 | HENGQIN RECORD

Hengqin Smart Financing Industrial Park opens

Hengqin Smart Financing Industrial Park opened at Inno Valley HQ on 17 October. During the ceremony, the Preparatory Office for Macau’s Featured Financial Service Base also unveiled its plaque. The office will promote industry development via the use of regional resources and advantages, according to the Administrative Committee of Hengqin.

The industrial park, home to 11 companies including GF Securities and Honebay Fintech, is a complex for financial technologies and emerging finance as well as for academic research. It will host investment for angel capital, wealth management, financial technology, training and third-party finance services, aiming to provide a one-stop service for enterprises of the Greater Bay Area who engage in cloud computing, big data, artificial intelligence and blockchain.

In order to promote the development of the financial industry, the Hengqin Free Trade Zone has issued a series of supporting policies for various financial sectors, including private equity investment funds, insurance, financial leasing, commercial factoring, internet finance, microfinance, financing guarantees and more.

From 2009 to 2017, the value added to Hengqin’s financial industry increased from RMB300 million to RMB2.23 billion with an average annual growth rate of over 71 percent. According to the Administrative Committee of Hengqin, 6,000 financial enterprises were located there last year compared to just one in 2009.

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