Forming a stock market in Macau would make the enclave not simply a casino hub, but a financial nucleus.<\/p>\n
\nMacau has a very strong position in promoting itself as the financial service platform between the mainland and Portuguese-speaking countries and the mentioned feasibility studies will be conducted under this context and advantages,” the Monetary Authority said.<\/p>\n<\/blockquote>\n
There is already plenty of money in the enclave. Macau casinos won $37.85 billion last year.<\/p>\n
Speaking with Reuters<\/i>, Banco Nacional Ultramarino CEO Carlos Alvares said Macau’s securities market \u2013 which would be based on the yuan, not the Macanese pataca \u2013 won’t be competing with Hong Kong. “We will be complementary to Hong Kong, because our focus is mainly on Portuguese-speaking countries.”<\/p>\n
China is home to two main stock exchanges, the Shanghai Stock Exchange and Shenzhen Stock Exchange. Hong Kong, which is also a Chinese SAR like Macau, is additionally home to a stock exchange.<\/strong><\/p>\nAll six of Macau’s licensed casino operators are traded on the Hong Kong Stock Exchange. Sands, Wynn, and MGM are traded under subsidiary Chinese holdings.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau government officials are considering forming a stock market exchange in an effort to reduce the enclave’s dependency on revenue stemming from casinos and the gaming industry. Reuters reports that Macau’s Monetary Authority is studying whether creating an exchange would benefit the Chinese Special Administrative Region (SAR). The objective, according to the news outlet, is […]<\/p>\n","protected":false},"author":25,"featured_media":106329,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[],"acf":[],"yoast_head":"\n
Macau Government Exploring Stock Market to Reduce Gaming Reliance<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n