The Australian Chamber of Commerce of Hong Kong and Macau today announced that the Macau chapter would become a separate legal entity but reaffirmed the chambers would continue to work closely together.
The move to establish a separate entity was in response to a change in the rules in Macau requiring the chamber to register locally. It will also allow the Macau chamber to focus on issues of specific interests to its core members.
"While Macau will become a separate legal entity, we will continue to collaborate on variety of issues of mutual interest. That shared interest and that ‘united spirit’ has not altered with this legal change," said AustCham Hong Kong Chief Executive Jacinta Reddan.
Said Patrick Liu, AustCham Macau Chairman, "This will allow us to develop services tailored to meet the needs of our passionate Macau member base as well as to establish closer business ties between Macau S.A.R. and Australia, as well as the Greater Bay Area."
"We look forward to continuing to work with our long-time friends at AustCham Hong Kong," Mr Liu said.
The move also follows the rapid changes in business development in Australia and the focus on Southern China in particular (including Hong Kong and Macau) with the Greater Bay Area initiative. This takes effect immediately, following the signing of a MoU today between AustCham Hong Kong and the new AustCham Macau.
AustCham Hong Kong was established 31 years ago and has always offered a range of services to members in Macau too, formalising that chapter by acknowledging Macau by name in 2006. During that time, the number of Macau-based members grew with the development of the now famous Cotai Strip.
AustCham Macau was formally established in July 2018. The two Chambers will work closely together, with members of each Chamber enjoying special reciprocal benefits as well as sharing of market intelligence.
A major project currently underway is the Greater Bay Area Committee, a joint cross-border initiative between AustCham Hong Kong, AustCham Southern China and now, AustCham Macau, to focus on exploring commercial opportunities and informing members about opportunities within the Greater Bay Area.
The chambers will also be working closely together on the highly-anticipated Australia China Business Awards to be held in Hong Kong in May 2019.
The founding board of AustCham Macau is:
Patrick Liu (Chairman)
Andrew Scott (Vice-Chariman)
Liviano Lacchia (Director and Treasurer)
Michael Keen (Director)
Michael Usher (Director and Secretary)
AustCham Macau will establish its own secretariat and can be reached on +853 66133831.
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For more information, please contact:
AustCham Hong Kong:
Public Affairs and Policy Manager
AustCham Macau Chairman