Latest News for: Macau offshore

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Chinese investors' rush for offshore assets spurs Hong Kong wealth inflows

Live Mint 17 Jun 2024
... which borders Hong Kong, to buy investment products sold by banks in Hong Kong and Macau, while allowing residents of the two offshore centres to do the same in the world's second-largest economy.
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Revisiting Macau’s Financial Center Plan

Forbes 03 May 2024
While there was never an intention to replace Hong Kong, Beijing seemed to be considering transforming Macau into a secondary offshore financial center for China ... .
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Singapore’s biggest money-laundering case has links to Chinese gamblers

Economist 02 Nov 2023
By 2017, some of the junkets that Mr Xi had driven from Macau had relocated to the Philippines, where they were licensed as Philippines offshore gaming operators (POGOs) to run online gambling firms serving clients located abroad, mostly in China.
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China Drills in Deeper Waters to Cut Reliance on Foreign Oil

Caixin Online 12 Jun 2023
... near the gambling mecca of Macau. Run by a unit of China National Offshore Oil Corp.
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China expands oil exploration to cut dependency on imports

Financial Express 12 Jun 2023
More than 15,000 workers can be on-site at one time at the facility at Zhuhai, near the gambling mecca of Macau ... Technical progress like this has made some previously uneconomic offshore fields now viable for development, according to the company.
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China’s ban on gambling is a cash gift to the rest of Asia

Economist 05 Dec 2022
an estimated 1trn yuan ($144bn) in gambling money leaves the Chinese economy every year.\nMuch of Asia’s gaming growth took place in Macau, which preserved its status as an offshore haven for Chinese ...
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Hengqin, an island near Macau, offers cash incentives to listed companies in mainland China and ...

South China Morning Post 15 Sep 2022
Hengqin is perfect to support Macau in expanding its economic activity and diversifying beyond gaming.” Investors snap up US$430 million in offshore yuan bonds in Macau The island, picked by ...
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Chinese government’s offshore yuan bond sale in Macau nets US$430 million after drawing bids worth ...

South China Morning Post 07 Sep 2022
China’s Ministry of Finance (MOF) sold two tranches of offshore yuan bonds in Macau on Wednesday, marking a step forward in its effort to develop an offshore yuan market ... .
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China stocks decouple from West – and reality

Reuters 22 Jun 2022
HONG KONG, June 22 (Reuters Breakingviews) - Chinese equities have finally turned upward ... It just may be illusory ... Register ... most of Macau shut down this week for island-wide testing. Serious offshore money is also evacuating Chinese fixed income ... ....
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