Author(s)

Yuli Wang ¹, Jianguo Xuan ¹

Affiliation(s)

¹ Hengqin Institute of Innovation and Development, Zhuhai, China

Corresponding Author

ABSTRACT

The economic and social development has been unprecedented since the return of Macau 20 years ago. The state has clearly given Macau the economic development positioning of "one platform" and "one center", but Macau's economic development is still in the situation of "one industry dominant". There is still a certain distance from the development set by the country. The proposal of the Guangdong-Hong Kong-Macao Greater Bay Area strategy brings new opportunities for Macau's economy to build "one platform" and "one center" under the strategy of moderate diversification. In the context of the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, the concrete implementation of Macau's economic development in line with the national positioning is the key to determine the effective promotion of Macau's economic development based on the achievement of moderate diversification.

KEYWORDS

CITE THIS PAPER

Yuli Wang, Jianguo Xuan, Study on the Problems and Countermeasures of Building an International Offshore Financial Center in Macau. Financial Engineering and Risk Management (2022) Vol. 5: 41-51. DOI: http://dx.doi.org/10.23977/ferm.2022.050305.

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