Synergistic Development of Financial Institutions in Zhuhai and Macao, Model 2: “Enclave + Free Trade Zone”

Shusong Ba () and Zhifeng Wang ()
Additional contact information
Shusong Ba: China Banking Association
Zhifeng Wang: ESG and Sustainable Finance Committee of China Economic System Reform Research Association

Chapter Chapter 17 in Financial Innovation and Paths of Cooperation of City Clusters, 2025, pp 285-298 from Springer

Abstract: Abstract The “Outline Plan” points out that it is necessary to develop the “enclave economy” in an orderly manner, promote the flow of factors and industrial transfer in the Pan-Pearl River Delta region, and form an industrial cooperation system gradient in development, with reasonable division of labor, utilizing complementary advantages. At present, there are precedents for “enclaves” within the Greater Bay Area such as the Shenshan Special Cooperation Zone and the Hengqin Campus of the University of Macao. For financial cooperation in Zhuhai and Macao, the model of “enclave + free trade zone” can be considered. Establish an “economic enclave” led by Macao in Hengqin Pilot Free Trade Zone of Zhuhai where the “single passport” pilot system can be created for institutions catering to special financial services in Zhuhai and Macao. This model is of great practical significance to promote the appropriate diversification of Macao’s economy and to build a demonstration zone in Hengqin for in-depth cooperation between Guangdong and Macao.

Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-96-7198-4_17

Ordering information: This item can be ordered from
http://www.springer.com/9789819671984

DOI: 10.1007/978-981-96-7198-4_17

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().