HONG KONG: Macau is considering launching a yuan-based stock market to help it diversify away from gaming, its main source of revenue, and align the territory more with China's growth plans for the Greater Bay Area in the country's southern region.
China's cabinet earlier this year unveiled guidelines for the Greater Bay Area around the Pearl River Delta, to spur growth in Guangdong province and the cities of Hong Kong and Macau. Carlos Alvares, chief executive at Banco Nacional Ultramarino , a note issuing bank in Macau, said BNU in June would start a new business line in leasing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong: Stocks close higher after election relief[HONG KONG] Hong Kong stocks rose Tuesday, tracking gains in European markets overnight as investors expressed relief that centrists had retained control of the European parliament after weekend elections. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong: Stocks finish lower[HONG KONG] Hong Kong shares sank Wednesday as investors fretted over the US-China trade war and its implications for the global economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong: Stocks finish lower[HONG KONG] Hong Kong shares slipped Thursday as Beijing's ramped-up rhetoric against Washington dashed hopes of an imminent resolution to the US-China trade war, deepening investor anxiety. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Hong Kong: Stocks end flat[HONG KONG] Hong Kong shares closed flat on Monday as investors grapple with the fallout of the increasingly bitter US-China trade spat. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »