(Photo: Nanfang Plus)

The financial integration between Macao and the Guangdong-Macao In-Depth Cooperation Zone in Hengqin has taken a significant step forward with the establishment of Huafa (Macao) International Financial Leasing Co., Ltd., a new cross-border financing platform designed to deepen economic collaboration and accelerate Macao's economic diversification.

Spearheaded by Zhuhai Huafa Investment Holdings Group Co., Ltd.—a core enterprise within the Cooperation Zone—the newly launched Macao-based leasing firm's debut was marked by the signing of eight cooperation agreements with businesses across various sectors, initiating projects worth over 45 million yuan in its first batch. These agreements are part of a broader deal framework totaling around 120 million yuan in intended cooperation.

In a parallel development, the company entered into strategic partnerships with 16 domestic and international financial institutions—including major banks from Macao, Hong Kong, the Chinese mainland, and abroad—as well as nine Macao-based business associations and key enterprises. Notable signatories included the Macao Association for the Promotion of China--Portuguese Commerce and Trade and VANG KEI HONG Trading Co., Ltd.

The launch follows a series of successful milestones in Hengqin's financial evolution. Since 2023, Hengqin has facilitated its first cross-border transfer of leasing assets and supported the establishment of its first local leasing company in Macao. Huafa's move marks the second such enterprise from Hengqin to expand into Macao.