Unrest in Hong Kong after months of anti-government protests gives officials cause to try to make neighbouring Shenzhen a free-market alternative: petesweeneypro BVPredicts
China’s banking and insurance regulator on Dec. 20 announced measures to strengthen financial cooperation between Macau and mainland China. These include supporting Macau banks to set up institutions in the mainland and also supporting mainland insurance funds to invest in Macau, the regulator said in a statement.
The central government may open a yuan-denominated stock exchange in Macau, Reuters reported on Dec. 12, citing sources. On Aug. 19, China's State Council called for greater development of the southern city of Shenzhen and for the integration of its culture and economy with neighbouring Hong Kong and Macau. The 19-point directive, published in state-media outlet, the People's Daily, called for Shenzhen's"economic strength and development" to rank among the best in the world by 2025.
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