Latest News for: Macau offshore

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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 gambling after its return from Portuguese rule in 1999.
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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 Beijing as a priority site for reforms in finance and technology in the Greater ...
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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. After broadly falling for more than a year, they do look cheap ... It just may be illusory ... Hong Kong’s Hang Seng is also up 9% ... 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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NCC rejects CTi TV second application

Taipei Times 09 Mar 2022
PROGRAMMING DISPARITY ... By Shelley Shan / Staff reporter ... NCC Vice Chairman and spokesman Wong Po-tsung (翁柏宗) told a news conference in Taipei that CTi Asia, an offshore channel that is aired in Hong Kong, Macau, Guam and Southeast Asian countries, in September last year applied to be a domestic channel ... .
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China’s Shenzhen gets green light for next wave of reforms

Metro USA 26 Jan 2022
The guidelines call on Shenzhen to develop standards for cross-border data transactions, with an eye to transfers between the Greater Bay Area, which includes Hong Kong and Macau. It also calls on the city to develop trading products related to yuan settlements, and an offshore trading platform, though details are not spelled out ... .
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China's Shenzhen gets green light for next wave of reforms

Reuters 26 Jan 2022
Register ... The guidelines call on Shenzhen to develop standards for cross-border data transactions, with an eye to transfers between the Greater Bay Area, which includes Hong Kong and Macau. It also calls on the city to develop trading products related to yuan settlements, and an offshore trading platform, though details are not spelled out ... Register.
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Macau police arrest 11 for alleged illegal gambling

Al Jazeera 29 Nov 2021
Macau police said they had arrested 11 people in an investigation into an illegal gambling and money-laundering syndicate, a day after businessman Alvin Chau, who organises trips to Asian casinos for big-spending gamblers, was questioned at a police station ... A Macau judiciary police duty spokesperson did not respond to phone calls seeking comment.
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Macau arrests 11 people for alleged illegal gambling and money laundering

Gulf Daily News 28 Nov 2021
HONG KONG - Macau police have arrested 11 people in an investigation into an illegal gambling and money laundering syndicate, according to an official WeChat account, a day after junket mogul Alvin Chau was questioned at a Macau police station ... A Macau judiciary police duty spokesperson did not respond to phone calls seeking comment.
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Explainer: China's embattled developer Kaisa Group and the chairman behind it

The Times of India 12 Nov 2021
After cash-strapped developer China Evergrande Group once again averted a destabilising default this week, investor focus is shifting to other Chinese developers with offshore payments coming due, especially Kaisa Group ... Kaisa has the most offshore bonds - $10.9 billion at the end of June - of any Chinese developer after Evergrande.
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Explainer-China’s embattled developer Kaisa Group and the chairman behind it

Metro USA 12 Nov 2021
25 developer by sales, with projects in 51 cities across the country, focusing on the Greater Bay Area of Hong Kong, Macau and China’s Guangdong province. Kaisa has the most offshore bonds – $10.9 billion at the end of June – of any Chinese developer after Evergrande.
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New Beijing Stock Exchange could be the financial lifeline China's small companies are crying out for, analysts say

Yahoo Daily News 04 Sep 2021
Hong Kong Exchanges and Clearing (HKEX), the operator of the city's bourse, reached an agreement in August to explore products centred around China's emissions goals that would be potentially traded onshore and offshore. In the special administrative region of Macau, a new ...
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China debt: Guangdong, Shenzhen eye foreign capital boost via offshore bond sales in Hong Kong ...

South China Morning Post 25 Aug 2021
In a bid to tap into foreign investments and boost the local economy, China’s southern tech hub ...
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Beijing sets 150b yuan quota for cross-border wealth connect

Hong Kong Standard 06 May 2021
China set an initial quota of 150 billion yuan (US$23.2 billion) for transactions under its Wealth Management Connect scheme that links southern Guangdong province with offshore centers Hong Kong and Macau, according to draft rules published on Thursday, Reuters reports.

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