Bridging Continents

Macao-Hengqin, and Brazil’s Pathway to China

Autores/as

DOI:

https://doi.org/10.22456/2178-8839.147145

Palabras clave:

Brazil, China, Macao-MSAR; Greater Bay Area; International Trade.

Resumen

Desde 2009, Brasil ha mantenido consistentemente un superávit comercial con China, lo que significa un cambio notable en la dinámica comercial bilateral. Este superávit está impulsado predominantemente por las exportaciones de materias primas y productos agrícolas de Brasil, siendo la soja, el mineral de hierro y el petróleo una parte significativa de los ingresos por exportaciones de Brasil (Statista, 2023). Este documento explora cómo las empresas brasileñas pueden aprovechar eficazmente los ecosistemas de la Región Administrativa Especial de Macao y Hengqin para acceder y prosperar en el mercado de consumo de China.

Metodológicamente, este estudio emplea la triangulación cualitativa de fuentes oficiales y el razonamiento inductivo, complementado por la experiencia empírica de los autores como practicantes del mercado y académicos. Los hallazgos indican que, al aprovechar los compromisos comerciales con estas regiones, las empresas brasileñas pueden acceder al potencial económico del Área de la Gran Bahía, fomentando un crecimiento sostenible, manteniendo el superávit comercial Brasil-China y mejorando su ventaja competitiva en el mercado global. Los autores proponen que la región MSAR-Hengqin, como parte del mercado de la GBA, ofrece una oportunidad decisiva para continuar aprovechando el superávit comercial Brasil-China, dado el avance de mecanismos de cooperación oportunidades en la región. 

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Biografía del autor/a

Francisco Jose Bernardino da Silva Leandro, University of Macau

Francisco José Leandro (https://orcid.org/0000-0002-1443-5828) (fleandro@um.edu.mo) received his Ph.D. in Political Science and International Relations from the Catholic University of Portugal in 2010. From 2016 to 2017, he participated in a post-doctoral research program on state monopolies in China, focusing on One Belt One Road studies. In 2014, 2017, and 2020, he was awarded the Institute of European Studies in Macau (IEEM) Academic Research Grant, a major component of the Asia-Europe Comparative Studies Research Project. From 2014 to 2018, he served as the Program Coordinator at the Institute of Social and Legal Studies, Faculty of Humanities, University of Saint Joseph in Macau, China. From 2018 to 2023, he was the Associate Dean of the Institute for Research on Portuguese-Speaking Countries at the City University of Macau, China. Currently, he is an Associate Professor with Habilitation in International Relations at the Faculty of Social Sciences, University of Macau, and Deputy Director of the Institute for Global and Public Affairs. His recent publications include: Steps of Greatness: The Geopolitics of OBOR (2018), University of Macau; The Challenges, Development and Promise of Timor-Leste (2019), City University of Macau; The Belt and Road Initiative: An Old Archetype of a New Development Model (2020), Palgrave Macmillan; Geopolitics of Iran (2021), Palgrave Macmillan; The Handbook of Special Economic Zones (2021), IGI Global; Disentangled Visions on Higher Education: Preparing the Generation Next (2023), Peter Lang Publishers; The Palgrave Handbook of Globalization with Chinese Characteristics (2023), Palgrave Macmillan; Changing the Paradigm of Energy Geopolitics: Resources and Pathways in the Light of Global Climate Challenges (2023), Peter Lang Publishers; Portuguese-speaking Small Island Developing States: The Development Journeys of Cabo Verde, São Tomé and Príncipe, and Timor-Leste (2023), Palgrave Macmillan; and The Palgrave Handbook on China-Europe-Africa Relations (2025), Palgrave Macmillan. Francisco Leandro is a member of OBSERVARE (Observatory of Foreign Relations), established in 1996 as a center for studies on International Relations at the Autonomous University of Lisbon, Portugal.

Carlos Cid Álvares

Carlos Cid Álvares (carlos.alvares@bnu.com.mo) has held prominent positions in the banking sector, including serving as President of Banco Popular Portugal and Director of several of its subsidiaries until November 2017. His extensive professional experience in banking began in 1984, encompassing roles such as General Manager of Millennium BCP / Banco Comercial Português and auditor at Banco Português do Atlântico. Currently, he holds the position of Vice Executive Chairman and CEO of Banco Nacional Ultramarino, S.A. in Macau. In addition to his executive roles, Álvares is actively involved in various advisory and leadership capacities. He is a Member of the Advisory Board of the Monetary Authority of Macau (AMCM) and serves as Vice-Chairman of the Macau Association of Banks. He also holds the position of Vice President of the Macau European Chamber of Commerce (MECC) and President of the Luso-Chinese Chamber of Commerce in Macau. Furthermore, he is Vice-President of The Macau Financial Community Standing Committee for Celebration Preparations, a Member of the General Council of the Macau Productivity and Technology Transfer Center, and a Member of the Portuguese Diaspora. His other roles include Vice-Chairman of the Supervisory Board of the Macau Management Association, Member of the Macau Corporate Governance Institute, and Member of the Faculty Advisory Board (FBA) of the University of Macau.

Pedro Calé Theotónio

Pedro Calé Theotónio (pedro.theotonio@bnu.com.mo) is a distinguished finance professional with a specialized focus on planning and sustainability. He earned his degree in Business Administration from Universidade Nova de Lisboa in 2024. His career began at Roland Berger Strategy Consultants in Portugal, where he gained valuable experience in strategy consulting. Subsequently, he relocated to Macau to further his career in the finance sector. Throughout his professional journey, he has held significant roles in finance and planning across various industries, including integrated resorts, healthcare, and banking. Currently, Theotónio serves as the General Manager at Banco Nacional Ultramarino, S.A. in Macau, where he oversees finance control and sustainability initiatives. Additionally, he provides administrative support to the Luso-Chinese Chamber of Commerce and Industry (Macau Delegation). He is a Chartered Public Accountant accredited by CPA Australia and holds a Financial Advisers International Qualification from The Chartered Insurance Institute and The Institute of Financial Planners of Hong Kong, in collaboration with the Macau Institute of Financial Services. Furthermore, he has obtained multiple certifications in finance and sustainability from reputable institutions, including CPA Australia, AESE Business School, ISEG Executive Program, Portuguese Banking Financial Institute, and Moody’s.

 

 

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Publicado

2026-02-18

Cómo citar

Bernardino da Silva Leandro, F. J., Álvares , C. C., & Theotónio, P. C. (2026). Bridging Continents: Macao-Hengqin, and Brazil’s Pathway to China. Conjuntura Austral, 16(76), 23–44. https://doi.org/10.22456/2178-8839.147145

Número

Vol. 16 Núm. 76 (2026)

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INVESTIGACIÓN

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Derechos de autor 2026 Francisco Leandro, Carlos Álvares , Pedro Calé Theotónio

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a. Los(as) autores(as) conservan los derechos de autor y otorgan a la revista el derecho a la primera publicación, con el artículo licenciado simultáneamente bajo la Licencia Internacional Creative Commons Attribution-NonCommercial-ShareAlike 4.0, que permite su uso, distribución y reproducción en cualquier medio, así como su transformación y creaciones a partir de él, siempre que se acrediten al(la) autor(a) y a la fuente originales. Además, el material no puede ser utilizado con fines comerciales y, si se transforma o se utiliza como base para otras creaciones, éstas deben distribuirse bajo la misma licencia que el original.

b. Los(as) autores(as) están autorizados(as) a asumir contratos adicionales por separado, para la distribución no exclusiva de la versión del artículo publicada en esta revista (por ejemplo, publicar en repositorio institucional o como capítulo de libro), con reconocimiento de autoría y publicación inicial en esta revista.

c. Los(as) autores(as) tienen permitido publicar, en los repositorios considerados por Conjuntura Austral, la versión preprint de los manuscritos enviados a la revista en cualquier momento antes o durante el proceso editorial, ya que esto puede generar cambios productivos, así como aumentar el impacto y la citación del trabajo publicado (Ver El efecto del Acceso Abierto).

d. Los(as) autores(as) tienen el permiso y son incentivados(as) a publicar y distribuir online (en repositorios institucionales y/o temáticos, en sus páginas personales, etc.) la versión posprint de los manuscritos (aceptados y publicados), sin ningún período de embargo.

e. Conjuntura Austral: Journal of the Global South, imbuida del espíritu de garantizar la protección de la producción académica y científica regional en Acceso Abierto, es signataria de la Declaración de México sobre el uso de la licencia Creative Commons BY-NC-SA para garantizar la protección de la producción académica y científica en Acceso Abierto.

Recibido 2025-04-28
Aceptado 2025-12-12
Publicado 2026-02-18

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