A Luohu-Macao investment promotion fair was held in Macao on Jan. 3, the first of its kind Luohu has held since China optimized its COVID-19 prevention and control policies. Industrial associations, business councils, government departments and enterprises in Macao participated.

By participating in this event, the Macao delegation gained a deeper understanding of Luohu's industrial strengths and growth potential, which complement Macao's own industrial development. Both sides hope to continue close exchanges and cooperation in emerging strategic industries, commerce, trade, headquarters economy, and the low carbon industry.

Leaders of local business associations said they expected that the Macao business and trade enterprises can conduct fact-finding visits and explore more cooperation opportunities in Luohu.

Deputy Head of Luohu Xiao Jiarui said that Luohu hopes to take this opportunity to establish a platform for communication and cooperation, strengthen information exchange and resource sharing, and promote the implementation of cooperation projects under Macao's close connection with Portuguese-speaking countries. By doing so, the district can work with Macao to jointly contribute to the development of the Guangdong-Hong Kong-Macao Greater Bay Area.

Liu Chen, chief of Luohu's commerce bureau, introduced the development achievements and cooperation opportunities of Luohu's four leading industries: finance, commerce and trade, business service, and strategic emerging industries. He also highlighted the two outstanding industries in the region: gold and jewelry, and cultural creativity. Liu also introduced Luohu's new space, new sectors and new policies, and explained Luohu's "1+3+N" industrial policy system in detail.

The two sides have reached a preliminary cooperation agreement to utilize the transformation and upgrading of Dongmen Pedestrian Street and Renmin South commercial zone to attract Macao companies and well-known Portuguese-language brands and specialty products. They plan to create a street dedicated to special local products and enhance the international presence of the Luohu commercial zone.

At the same time, based on Luohu's advantages of gold and jewelry industry agglomeration and mature supporting facilities, the two sides have agreed to cooperate on developing gold and jewelry brands and training jewelry designers. They plan to focus on attracting well-known jewelry brands and designers from Macao to Shenzhen and strengthen exchanges and cooperation in this field.