The Zhitong Finance App learned that the Macao SAR Government officially announced the “Third Five-Year Plan for Economic and Social Development of the Macao Special Administrative Region (2026-2030)” on August 18. Chief Executive Shum Ho-fai stressed at the press conference that with one-minute deployment and nine-minute implementation, the SAR government will unite and lead all sectors of society to carry out the implementation of the “Third Five-Year Plan” one by one, one by one, to promote the realization of the beautiful vision of “Macao governed by the rule of law,” “vibrant Macau,” “cultural Macau,” and “happy Macau,” and create a new situation of high-quality development of “one country, two systems” with Macao characteristics.
He pointed out that Macau's “Third Five-Year Plan” is a plan that fully reflects scientific, forward-looking and feasible. The SAR government thoroughly implemented the spirit of President Xi Jinping's series of important speeches and important instructions, strengthened the forward-looking, proactive and scientific nature of the plan, set up leading groups and special work classes, and carried out a total of 40 preliminary research sessions. A total of 36 special studies were completed, laying the scientific and public opinion foundation for the preparation of the plan. Next, the government will implement the main tasks of the plan by formulating three lists, including key projects, division of responsibilities for key tasks, and major reform initiatives, to refine task arrangements, strengthen main responsibilities, and ensure the orderly implementation of the entire “Third Five-Year Plan”. At the same time, the “Third Five-Year Plan” is also a plan that fully reflects and leverages the dominant advantages of administration. During the preparation of the plan, all areas of government administration closely cooperated and collaborated efficiently. The legislature and the judiciary actively carried out their functions and took the initiative to submit opinions and suggestions to the SAR government, giving full play to the institutional advantages of the administration, legislature, and administration of justice carrying out their duties, responsibilities, and cooperation.
He added that the “Third Five-Year Plan” is a plan that fully reflects the overall development of integration and service to the country. The national “15th Five-Year Plan” places new deployment requirements for Macao, providing new major opportunities. The SAR government took the initiative to position and plan Macao in the overall development of national undertakings, actively implemented the “15th Five-Year Plan” plan's deployment involving Macao, strengthened planning links with Guangdong Province and the Hong Kong Special Administrative Region, and promoted the collaborative development of the Greater Bay Area. The “Third Five-Year Plan” is an important innovative initiative of the Macao Special Administrative Region to deepen the practice of “one country, two systems”, integrate and serve the overall development of the country. At the same time, the “Third Five-Year Plan” is also a plan that fully reflects democratic consultation and forging broad social consensus. During the 40-day public consultation period, all sectors of society and the general public actively participated in suggestions and suggestions, fully demonstrating Macau's fine tradition of “unity and consultation” and a harmonious and inclusive social atmosphere. The official text of the plan fully incorporated the opinions and suggestions put forward by various sectors of society during the consultation, and the official text increased by about 30,000 words compared to the consultation text.
Shum Ho-fai said that the “Third Five-Year Plan” is a road map and task book for the Macao Special Administrative Region to move towards a new stage of high-quality development. Over the next five years, Macau will focus on advancing four major tasks, including: First, using four major projects and government guidance funds as a starting point to solidly promote moderate and diversified economic development. Combining our own advantages and resource endowments, we will increase policy support and capital investment, give better play to the decisive role of the market and the main role of enterprises, focus on promoting the development of “1+4" diversified industries, and strive to achieve the value added of the non-gaming industry as a share of about 60% of GDP by 2030.
Second, deepen the integrated development of Australia and Qin, and promote the construction of the Hengqin Cooperation Zone with high quality. Benchmarking the “three things to look at” requirements, take technology and education as the lead, deepen the “soft connectivity” of the rules and mechanisms, strengthen the “hard connectivity” of infrastructure, and create iconic engineering and industrial space carriers. Promote the linkage between the Australian and Qin industries, promote the deep integration of people's livelihood such as medical care and pension, and promote the cooperative zone to achieve more new results in promoting the moderate and diversified development of the Macao economy.
Third, accelerate urban renewal and build a beautiful and smart Macau. On the premise of ensuring the overall stability of society, we will accelerate urban renewal through unconventional thinking and action. Improve the legal system for urban renewal, coordinate funding, resources and policy support for urban renewal, and establish a sustainable urban renewal mechanism. Promote conservation renewal and revitalization of the Sanba area, and accelerate the overall renewal of old buildings in old districts such as Youhan.
Fourth, strengthen internal and external communication to better integrate and serve the overall development of the country. Make better use of the unique advantages of relying on the motherland and connecting the world, actively participate in the high-quality construction of the Guangdong-Hong Kong-Macao Greater Bay Area, and strengthen cooperation with Hong Kong. Expand the functions and content of the Sino-Portuguese (Western) platform, actively participate in and help the country jointly build the “Belt and Road”, and build an important bridgehead for the country's high-level opening-up to the outside world. Make better use of the “one base” platform and create an important window for cultural exchanges and mutual appreciation between Chinese and Western civilizations.
The “Third Five-Year Plan” of the Macao Special Administrative Region consists of 10 chapters and 36 chapters, 68 columns, about 86,000 words; clearly outlining future action coordinates with 35 major economic and social development indicators, clarifying eight major development goals, including: full implementation of the overall national security concept; further improvement of the effectiveness of the rule of law; substantial new progress in moderate and diversified economic development; high-quality progress in the construction of the Hengqin Cooperation Zone; the integrated development of education, technology and talent has shown results; residents' welfare is effectively guaranteed and gradually optimized; the construction of a beautiful and smart Macao has made important progress; the construction of a beautiful and smart Macao has made important progress; better integration and service to the overall development of the country.