Tsinghua Holdings hopes to expand cooperation fields with the Macao Special Administrative Region to help advance technological innovation and youth entrepreneurship in Macao, said Xu Jinghong, chairman of Tsinghua Holdings Co Ltd, a solely State-owned company of Tsinghua University.

Tsinghua Holdings chairman Xu Jinghong (R) meets with Mr Leong Vai Tac, secretary for Economy and Finance, Macao SAR Government on Dec 9.

Xu made the remarks during a meeting with Mr Leong Vai Tac, secretary for Economy and Finance, Macao SAR Government on a visit to Macao on Dec 9. He talked about the company's business layout plan in Hong Kong and Macao.

Leong said Macao is going through a critical period of development and transition, so it is happy to cooperate with Tsinghua Holdings in a wide range of areas for mutual development.

The two sides also discussed and reached agreement on many topics, including building incubators, holding technological conventions and exhibitions, participating in the Belt and Road initiative, and developing Fintech.

Xu Jinghong (3rd R) visits the University of Macau and meets with university rector Professor Zhao Wei (4th R).

Xu Jinghong, along with TusHoldings chairman Wang Jiwu and director Ma Zhigang, also visited the University of Macau and exchanged ideas about cooperation in building incubators and researching and developing chips and pharmaceuticals.