The Guangdong-Macao In-depth Cooperation Zone in Hengqin reported nearly 30 percent annualized growth in revenue from sizable businesses in key sectors in the first half of this year, which stood at about 8 billion yuan ($1.1 billion).

The sectors include research and development, high-end manufacturing, traditional Chinese medicine, tourism, and convention and exhibition.

Added value from the modern financial service sector in the zone increased by 2.9 percent year-on-year to 8.78 billion yuan.

The zone, located in Zhuhai, Guangdong province, marked the second anniversary of the establishment of its administrative body on Sunday.

The innovation and entrepreneurial base for Macao youth in the zone has helped incubate 701 projects.