MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 525 Thursday April 24, 2014
Billions to Hengqin
Year III
The 33 projects recommended by the Macau government to Hengqin Island authorities - from a list of 87 - comprise a total value of more
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Visionary request www.macaubusinessdaily.com
than 140 billion yuan (181.45 billion patacas). The more “mature” projects will be picked first and confirmed by the first half of this year
Requesting more land and water around Macau is a “visionary” way of resolving the land shortage conundrum, says Li Gang, director of the PRC Liaison Office in Macau Page 3
MICE bites into subsidy
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HSI - Movers April 23
Outdated baskets continue to underestimate the burden of rent on family pockets. Price increases for lowincome families went up 10 percent faster than those of the better off. And that was just in the first quarter
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Local trade chambers received substantially more government subsidy in the first quarter this year. The money has mainly been allocated to their participation in MICE events Page 5
Industry off the pace
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Profits plummet Chow Tai Fook customers in Macau and Hong Kong are buying much less gold and jewellery than expected, and in only two months the biggest jewellery chain in the territory has lost 30 percent of its value on the stock market
%Day
China Resources Po
2.53
Sands China Ltd
2.45
Galaxy Entertainm
1.54
China Resources Ent
1.37
Tencent Holdings Ltd
0.86
Belle International
-1.99
China Shenhua Ener
-2.30
China Mobile Ltd
-2.57
China Overseas Land
-3.54
China Unicom Hong K
-4.94
Source: Bloomberg
I SSN 2226-8294
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Data isn’t smiling on China this year. Industry activity shrank for the fourth straight month although the decreasing pace is moderate Page 10
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