On 6 March 2011, under the witness of the State leaders, the People’s Government of Guangdong Province and the Government of Macao Special Administrative Region signed the Guangdong–Macao Cooperation Framework Agreement, officially opening a brand-new chapter of close cooperation between Guangdong and Macao. On April 19 that year, the Traditional Chinese Medicine Science and Technology Industrial Park of Cooperation between Guangdong and Macau was officially launched in Hengqin New Area and became the first project implemented in the Guangdong – Macao Cooperation Industrial Zone.
The Traditional Chinese Medicine Science and Technology Industrial Park of Co-operation between Guangdong and Macao (GMTCM Park) is located in a hi-tech zone of Hengqin New Area, covering an area of 500,000 square meters. The ‘Guangdong – Macao Traditional Chinese Medicine Technology Industrial Park Development Co., Ltd.’ is a joint investment established by ‘Macau Investment and Development Ltd.’ and ‘Zhuhai Dahengqin Investment Ltd.’ in November 2011, charged with responsibilities of its construction, operations, functioning, and management, among others.
The GMTCM Park will give full play to its role of an international window, through construction of a functional platform to foster industrialization, inheritance and promotion of Traditional Chinese Medicine Culture to advance the Health industry development. The GMTCM Park will combine its advantages of geographic location, favorable policies, international window and technical services, among others, to develop a platform for quality control, provide technical support for product incubation for product research and development, testing services and pilot test production, and so forth, so as to form the “group of R&D and promotion of innovative medicine and healthcare products”. Morever, it serves as a base for healthcare and wellness and Traditional Chinese Medicine culture, to explore more development space, in terms of preventive treatment of diseases and health treatment, and so forth, and step towards becoming a cluster in health industry and culture promotion. Furthermore, it aims to foster exchanges and trade health related techniques of TCM products , including results transfer, technology and techniques exchange and display, trade import and export, and so forth.
Since the establishment of the GMTCM Park, it has been driven by two core targets, consisting of “the development of an international-level quality control base for the Traditional Chinese Medicine（TCM）” and “the development of an exchange platform for the Healthcare industry”, The GMTCM Park undertakes the mission of promoting the development of an adequate diversification of Macao’s economy and the internationalization of TCM, by integrating advantages of the industries of medicine and healthcare, education, technology from Guangdong with those of research capacity, talent, tourism resources from Macao, aiming at creating an “International Window of the ‘Belt and Road’ Initiative of Traditional Chinese Medicine Industry and Culture”.