Under the background of China's strong support of the deepening reform and integrated development in the Pearl River Delta recent three years, Macau and Guangdong Province has highly valued the cooperation relationship unprecedentedly, and signed the 《Guangdong-Macau Cooperation Framework Agreement》 on March 6th 2011. This article studied the four characterizes of the agreement. Concerning to the practical local conditions, this article analyzed the new opportunities for Macau's development under the agreement. <<