The establishment ceremony of the Guangdong Hong Kong Macao Greater Bay Area Industrial Chain Research Institute was held in Macau on November 1, 2019, with Cai Guanshen, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and chairman of the Guangdong Hong Kong Macao Greater Bay Area Entrepreneurs Alliance, serving as the chairman of the research institute
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Liang Weite, Director of the Economic and Financial Department of the Macau Special Administrative Region, Xue Xiaofeng, Deputy Director of the Macau Liaison Office, Xu Ting, Minister of Culture and Education, Cui Shichang, Vice Chairman of the Macau Legislative Council, Guo Caiwu, Member of the Zhuhai Municipal Committee and Minister of United Front Work, Liang Lixian, Member of the Zhongshan Municipal Committee and Minister of United Front Work, Lu Bo, Representative of the National People's Congress and President of the Macau Daily, Yan Feng, Member of the National Committee of the Chinese People's Political Consultative Conference, Chairman and CEO of Guotai Jun'an International, and Gan Huanteng, Chairman of the Hong Kong Press Association, President of the University of Macau, Song Yonghua, President of Jinan University, Song Xianzhong, Deputy Director of the Macau Education and Youth Bureau, Gong Zhiming, Vice Chairman of the Guangdong Hong Kong Macao Greater Bay Area Entrepreneurs Alliance, Wang Zongfa, and Director of the Paris Arab World Research Institute, Jacques Lang, as well as representatives of consulates from multiple countries and universities around the world, attended the event

Cai Guanshen, Chairman of the Industrial Chain Research Institute of the Hong Kong Macao Greater Bay Area, pointed out that although the economy of Macau has experienced rapid growth in recent years, the industry has not become more diversified. Therefore, the research institute brings together elites from the finance, technology, sports and media industries, as well as academia from the three regions, to provide advice and suggestions for the development of industries in the Greater Bay Area, especially in Macau, and to propose specific suggestions on how to promote the strategic development of Macau's characteristic financial service industry, innovative technology, and sports and media industry. This idea has also been affirmed by the Macao Chief Executive designate, Mr. He Yicheng. The research institute will undertake research projects, hold seminars and exchange activities of different scales in Macau every year, publish research reports, and serve as a bridge for the government to connect industries, think tanks, and the mainland

Liang Weite stated that the construction of the Greater Bay Area can be an innovative "experimental field" and an innovation community that organically combines international standards, rules, efficiency, and speed advantages of China. He stated that Macau needs to deepen its precise integration with various cities in the Greater Bay Area and achieve complementary development. At the same time, actively explore and innovate cooperation platforms or mechanism models, break through institutional barriers, and leverage the advanced technology and experience of the Greater Bay Area cities to optimize industrial structure and accelerate the construction of a modern industrial system with international competitiveness. The establishment of the Guangdong Hong Kong Macao Greater Bay Area Industrial Chain Research Institute will definitely open up development space for Macau, optimize industrial structure, and provide more development opportunities for enterprises and residents.

On January 11, 2020, a delegation from the Guangdong Hong Kong Macao Greater Bay Area Entrepreneur Alliance and the Guangdong Hong Kong Macao Greater Bay Area Industrial Chain Research Institute visited Zhuhai City, Guangdong Province. They had discussions with Mayor Yao Yisheng, Member of the Zhuhai Municipal Committee Standing Committee and Minister of the United Front Work Department Guo Caiwu, Vice Mayor Zhang Yisheng, Deputy Secretary of the Hengqin New Area Party Committee and District Mayor Yang Chuan, and Director of the Municipal Committee's Taiwan Hong Kong Macao Office Zou Hua

Both sides actively discussed the implementation of the Guangdong Hong Kong Macao Greater Bay Area Industrial Chain Research Institute in Zhuhai, including financial technology, cold chain logistics, traditional Chinese medicine industry, and the development of Hengqin

The delegation is led by Cai Guanshen, a member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and Chairman of the Guangdong Hong Kong Macao Greater Bay Area Entrepreneur Alliance. Members of the delegation include Gan Huanteng, Chairman of the Hong Kong Newspaper Association, Dai Mingjiang, Director of the New Materials Research Institute of the Guangdong Academy of Sciences, Gu Jinsheng, Chairman of the Wudaokou (Guangzhou) Financial Innovation Research Institute, Cai Junsi, Executive Director of Xinhua Group, Huang Qiong, President of the Macao International Association of Traditional Chinese Medicine, and Li Ying, Vice Chairman of the Guangdong Digital Innovation Research Institute at Peking University

On the morning of August 21, 2020, the Chairman of the Alliance, Cai Guanshen, led a delegation to meet and exchange ideas with the Secretary of the Zhuhai Municipal Party Committee, Guo Yonghang, and the Standing Committee Member and Secretary General of the Zhuhai Municipal Party Committee, Wu Shi

During this period, Chairman Cai proposed various projects to settle in Zhuhai and combined them with the strategic deployment of the important city of Zhuhai in the Greater Bay Area, including the Greater Bay Area Development Bank, the Greater Bay Area Industrial Fund, the Autonomous Driving Industrial Park, the Cold Chain Logistics Industrial Park, and the Sino Japanese Cooperation Park, which received recognition and support from Secretary Guo Yonghang.