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Macao

  • Macao is located in the Pearl River Delta in the southern Guangdong Province on the western side of the Pearl River estuary, adjoining the city of Zhuhai to the north, and 60km away from Hong Kong across the sea. Macao consists of three parts: the Macao Peninsula, Taipa and Coloane. The Macao Peninsula is the centre of urban development in Macao, while Taipa and Coloane, which were originally two separated islands, are connected by land reclamation. The reclamation area is developed into Cotai which hosts many large hotels and resorts.
     
  • Macao pursues an open economic policy. Its tax rate is among the lowest in the region. Fiscal system is sound. There is no limit in foreign exchange. It is a free port and has its own customs territory. Macao is an economy with strong economic vitality in the Asia-Pacific region. It is also an important gateway linking Mainland China with international markets.
     
  • Since the establishment of the Macao Special Administrative Region, the economy has maintained high growth rates driven by the tourism and gambling industries. The gambling and junket activities are the main pillars of Macao, accounted for 50.5% of its overall industrial structure in 2018.

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