Page 44 - 月刊 2024第3期 7月
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III. Problems in Cooperation



           Macao are relatively independent, emphasising on the markets’ self-regulation with relatively free access. The

           Hong Kong Bar Association is responsible for monitoring barristers’ practices, while The Law Society of Hong
           Kong is responsible for the management of solicitors. Therefore, it is necessary to take into account various

           factors, such as the legal systems, culture and market environment, in order to harmonise the differences in the
           management among the profession in the three regions.



           (a) Establishment of a cross-regional cooperation mechanism


               Prior to access to the industry, dedicated organisations or committees comprising representatives from
           regulatory bodies and industry associations of the three regions should be set up to facilitate information

           sharing and cooperation. Based on these collaborative organisations, the governments, industry associations
           and regulatory bodies of the three regions should negotiate and formulate cooperation agreements to define the

           principles and modes of cross-regional cooperation, and to coordinate the relationship between government
           supervision and market competition. In the market operation stage, self-regulation and market mechanism will be

           strengthened, and industry associations will be encouraged to formulate more stringent self-regulation rules and
           regulations, so as to promote better compliance with regulations among businesses.



           (b) Establishment of an information sharing platform


               A GBA lawyers’ website should be built to promote a directory of Hong Kong-Macao lawyers, establish a
           platform for sharing of industry information among the three regions, and to disseminate information such as

           news, policy guidelines, case studies, event registration, and other information related to legal profession in the
           GBA. This will facilitate enterprises and regulators to understand the market dynamics and regulatory changes in

           different regions. At the same time, cross-regional industry forums and seminars should be organised, and regular
           mutual professional exchange activities to promote experience sharing among enterprises and practitioners

           should be launched.


           (c) Providing support and protection measures


               The government can provide some support measures such as tax policies and financial support to encourage

           enterprises to start collaborating in the three regions. Specifically, on the one hand, it is necessary for the People’s
           Government at all levels to build entrepreneurship and innovation parks and implement favourable tax policies.

           For example, the Nansha New Area provides settlement support for associate law firms, with policy support
           ranging from RMB 1 million to RMB 5 million, depending on the conditions of the law firms. On the other hand,






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