Money and law

The MSAR should use its capital reserves to invest in the development of the Greater Bay Area, while focusing on developing itself as a ‘Headquarters Economy’, local business representatives suggested to the government on Friday.
This ‘Headquarters Economy’ approach would involve increased cooperation between local companies and the insurance and real estate sectors in mainland China, to attract more companies to base their headquarters in the MSAR.
A meeting organised by the Policy Research Office (GEP) on Friday brought together members from insurance, banking, entrepreneurship and financial associations to present their views on the Greater Bay Area development plan, and Macau’s role in it.
During the meeting, the association representatives expressed that the judicial system in the MSAR should be updated to follow-up with the progress made in mainland China, in order to gradually eliminate obstacles to cooperation and boost the ‘free-flow’ of human resources and investment in the region.
This would be part of regional efforts to improve the ‘transparency’ of investment and judicial procedures in the cities that make up the Greater Bay Area. N.M.