{"id":225,"date":"2019-10-15T14:39:40","date_gmt":"2019-10-15T14:39:40","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=225"},"modified":"2026-04-24T10:26:16","modified_gmt":"2026-04-24T13:26:16","slug":"macau-own-stock-market-casino","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/macau-own-stock-market-casino","title":{"rendered":"Macau is looking to open its own stock market"},"content":{"rendered":"\n

World\u2019s casino hub considers opening a stock market to diversify economy.<\/p>\n\n\n\n\n\n\n\n

Macau.- It seems like the odds are not in Macau\u2019s favour; Its\nsmall size and equally small financial industry may prove to be a major\nstumbling block in its ambitions to launch a vibrant stock market. The task\nlooks even more daunting since it has to contend with a giant stock exchange\nnext door in Hong Kong, say analysts.<\/p>\n\n\n\n

So far Macau\u2019s focus has been on gaming and tourism, but revenues from gaming have been steadily falling<\/strong><\/em><\/a>, as a result of mainland Chinese stay away from the gambling destination amid a slowing economy. According to the Macau Gaming Inspection and Coordination Bureau<\/strong><\/em>, gross gaming revenue fell 9% year on year to \u20ac2,7 billion in August \u2013 its biggest monthly drop since June 2016.<\/p>\n\n\n\n

This may explain why Macau wants to bet on something new \u2013 a Nasdaq-like stock market traded in offshore yuan. That would allow technology companies from the Greater Bay Area – which includes Hong Kong, Macau, Shenzhen and also eight other cities from southern China – to raise funds.<\/p>\n\n\n\n

He Xiaojun, director of Guangdong\u2019s Local Financial Supervision and Administration Bureau, said on Sunday that he hoped China\u2019s central government might give its blessing to the plan for the stock exchange by mid-December, as a gift for the 20th anniversary of the city\u2019s return to Chinese administration.<\/p>\n\n\n\n

Clement Chan Kam-wing, managing director of accounting firm\nBDO, said the Macau government should be lauded for its innovative thinking and\nvision for such a plan.\u201cHowever, a significant stock exchange operator has to be supported by a lot of other complimentary developments. Therefore, Macau has a long way to go to establish the essentials,\u201d Chan said.<\/p>\n\n\n\n

Hong Kong just “around the corner”<\/strong><\/h4>\n\n\n\n

Similarly, Hong Kong, one of Asia\u2019s biggest financial centres, is the region\u2019s third largest stock market. Eight Macau-domiciled companies are listed on HKEX \u2013 six of them casino operators; including SJM Holding, owned by \u201cKing of Gambling\u201d Stanley Ho Hung-sun and his extended family, Wynn Macau and MGM China. Moreover, the exchange\u2019s popularity as a listing destination was crowned as the world\u2019s top IPO market six times in the past decade.<\/p>\n\n\n\n

Hong Kong has almost 600 stock brokerages and 164 licensed banks; including 70 of the world\u2019s largest players such as HSBC, JPMorgan Chase, Morgan Stanley, Goldman Sachs. Macau, on the other hand, has only 30 lenders, most of which are arms of mainland Chinese banks.<\/p>\n\n\n\n

Finally, if Beijing were to give the go-ahead to Macau, the new stock market will be the fourth in China and the third in Greater Bay Area – after Shanghai, Shenzhen and Hong Kong.<\/p>\n","protected":false},"excerpt":{"rendered":"

World\u2019s casino hub considers opening a stock market to diversify economy.<\/p>\n","protected":false},"author":133,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Macau is exploring the establishment of a Nasdaq-like stock market, denominated in offshore yuan, to diversify its economy away from its heavy reliance on gaming, which has seen declining Gross Gaming Revenue (GGR). This initiative aims to attract technology companies from the Greater Bay Area, despite significant challenges posed by its small financial industry and the proximity of the highly established Hong Kong Stock Exchange (HKEX).","focusai_entities":"Macau Gaming Inspection and Coordination Bureau, BDO, SJM Holding, Wynn Macau, MGM China, HSBC, JPMorgan Chase, Morgan Stanley, Goldman Sachs, He Xiaojun, Clement Chan Kam-wing, Stanley Ho Hung-sun","focusai_location":"Macau, Hong Kong, Shenzhen, China, Guangdong, Shanghai","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (0.9), tech_data (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Macau Stock Market Viability?","query":"Given Hong Kong's established financial dominance, what specific regulatory or fiscal incentives would Macau need to implement to attract significant IPOs, particularly from Greater Bay Area technology firms, and differentiate its offering?"},{"label":"Offshore Yuan Impact?","query":"How would the proposed offshore yuan-denominated stock market impact capital flows and currency stability within the Greater Bay Area, and what are the potential implications for Beijing's broader financial liberalization agenda?"}],"footnotes":""},"categories":[160,28,16338,163],"tags":[96,29,725,292,257],"class_list":["post-225","post","type-post","status-publish","format-standard","hentry","category-asia-pacific","category-casino-news","category-east-asia-news","category-finance-news","tag-asia","tag-casino","tag-ggr","tag-investors","tag-macau"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/133"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=225"}],"version-history":[{"count":10,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/225\/revisions"}],"predecessor-version":[{"id":777010419,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/225\/revisions\/777010419"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}