Photo: Nanfang Plus

A tech-focused investment matchmaking event in Hengqin brought together banks and startups on June 18, securing over RMB 280 million in intended financing deals aimed at driving innovation in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin.

Organized by Hengqin's Financial and Economic Development Bureaus and supported by the Zhuhai branch of the People's Bank of China, the gathering attracted nearly 150 participants, including financial institutions, tech firms, and Macao’s financial community.

A total of five banks signed cooperation agreements with nine tech companies on-site.

The event featured policy briefings on Hengqin's integrated circuit and biomedicine sectors and included themed presentations from key stakeholders. Participating banks also presented a range of science-focused financial products and case studies, prompting enthusiastic exchanges with attending firms.

Hengqin has seen rapid development in its financial sector in recent years. The island now hosts 32 banking institutions with outstanding loans nearing RMB 200 billion. Since May alone, nearly 30 tech firms have secured over RMB 600 million in new credit lines. Private equity is also booming, with over 500 licensed fund managers overseeing nearly RMB 680 billion in assets, about 50 billion of which is tied to local tech projects.