橫琴誌 | HENGQIN RECORD

Photo courtesy GMTCM Park

The 2018 Traditional Medicine International Cooperation Forum held in Macau

The “2018 Traditional Medicine International Cooperation Forum (Macao, China)” was held on 20 and 21 September in Macau.

The forum was coordinated by the Traditional Chinese Medicine Science and Technology Industrial Park of Cooperation between Guangdong and Macao (GMTCM Park) – the first project jointly developed in Hengqin by the governments of Macau and Zhuhai. As reported by Hengqin Record, the Central Government has expressed support for the development of Macau as a platform of traditional Chinese medicine with modern technology and the GMTCM Park will play a key role.

Ms Lu Hong, Adviser to the Office of the Secretary for Economy and Finance of the Macao SAR Government and President of the Guangdong-Macao Traditional Chinese Medicine Technology Industrial Park Development Co., Ltd, provided a progress report on the construction of an incubation area in the GMTCM Park and its phased progress in international exchange and cooperation on traditional medicine.

She revealed that the construction of the incubation area, covering approximately 128,000 square meters and offering a rentable area of about 100,000 square meters, is now complete. It is capable of accommodating 300 to 400 enterprises.

The entire incubation area comprises three sections: the incubator section, the accelerator section and the independent headquarters section.

In the incubator section, “One-stop” services such as technical support, fund matching and business incubation are available to small and medium-sized start-ups. In the accelerator area, professional “accelerating” services of investment, financing, management consultation and technical trading are provided for growing businesses. In the independent headquarters section, industrialized “value-added” services such as administration, R&D and pilot scale production are available to key enterprises.

The improvement of public service platforms will help the GMTCM Park to realize sustainable development by transforming from nurturing enterprises into nurturing industries.

Owing to the end of construction of the incubation area, as of August the GMTCM Park has negotiated with 487 enterprises. Of those, 94 have been registered, including 25 from Macau, covering areas such as traditional Chinese medicine, healthcare products, medical equipment and health services. Kangmei Pharmaceutical and Yiling Pharmaceutical are just two of the leading enterprises from the TCM comprehensive health sector to be operational in the GMTCM Park.

Among the 25 registered Macau enterprises, 10 are TCM newly developed enterprises, while nine are newly established by Macau’s traditional TCM enterprises.

The GMTCM Park has become an important platform for supporting Macau enterprises engaged in the TCM sector and other health and pharmaceutical sectors, especially those growing enterprises, and is expected to develop into a new cluster of health and pharmaceutical sectors in the Guangdong-Hong Kong-Macau Greater Bay Area.

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