Editorial : Co-management of Hengqin

【明報專訊】LAST WEEK the central government proposed two reform plans for Hong Kong's and Macao's integration into the Greater Bay Area. In these plans, Qianhai and Hengqin will be set aside from Shenzhen and Zhuhai respectively as the points of connection with Hong Kong and Macao. What these two sets of plans have in common is that some new directions for industry development for Hong Kong and Macao are proposed, alongside tax reduction policies. The difference is that Hengqin will be jointly managed by Guangdong and Macao, with Macao playing a dominant role in effect in the so-called co-management.