Macau to become financial hub as unrest continues in Hong Kong

As unrest continues in Hong Kong, Chinese President Xi Jinping plans to announce policies aimed at diversifying Macau’s economy.


Ismawati Asmat

17 Dec, 2019

Macau to become financial hub as unrest continues in Hong Kong | BEAMSTART News

- From our Sponsors -

The policies include establishing a yuan-denominated stock exchange, accelerating a yuan settlement center which is currently being developed, and allocating land for Macau.

Chinese President Xi Jinping will visit Macau this week to announce the policies.

China’s plan is seen by officials and executives in Macau as a reward for having avoided the anti-government protests that have gripped Hong Kong over the past six months.

China has instructed state-owned banks and enterprises to help set up infrastructure in Macau to aid financial diversification.

The future focus will be on tourism and finance, to make Macau a centre to host international meetings like Singapore.

“This is the candy that Hong Kong did not want. It is a gift for Macau, for Macau being a good boy," Larry So, a retired professor in Macau University , said.

- From our Sponsors -

Latest Jobs

Growth Marketing Manager (B2B-focused)

Snappr

San Francisco, United States

Full Time

Salary Undisclosed

Founding Frontend Engineer (ReactJS)

AlgoTest

Delhi, India, United States

Full Time

Salary Undisclosed

AWS Engineer

CloudEagle.ai

Palo Alto, United States

Contract

Salary Undisclosed

Business Operations

Culdesac

Tempe, AZ, United States

Full Time

Salary Undisclosed

Product Manager, Fintech (NYC/HAM)

doola

New York, United States

Full Time

Salary Undisclosed

Founding Rust Software Engineer

Windmill

Paris, France, United States

Full Time

USD 60000 — USD 120000 yearly

Head of Marketing

Legalist

San Francisco, United States

Full Time

USD 100000 — USD 200000 yearly

Customer Success Manager (Remote)

Mosa Mack Science

NY, United States

Full Time

Salary Undisclosed

Research Scientist Post Doctoral Position

SafeBeat Rx

San Francisco, United States

Full Time

USD 60000 yearly

Founding Frontend/Full-Stack Developer

Poly

San Francisco, United States

Full Time

Salary Undisclosed

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).