MOP 6.00 Closing editor: Luís Gonçalves Publisher: Paulo A. Azevedo Number 677 Friday November 28, 2014 Year III
No rush to connect
S
hanghai-Hong Kong Stock Connect. It was launched with great fanfare on November 17. And should open the door for Macau investors, via HK, to buy equities in Mainland China. But interest has been lacklustre at best. Reaction has been so muted here that banks have put it on the back-burner. “The Shanghai Stock Exchange is very subject to the influence of Central Government policies,” one banker told Business Daily. “People in Macau don’t understand and trust the Shanghai Exchange and so we do not expect retail investors to invest in it” PAGE
2 JLL estimates 30,000 more hotel rooms in 3 years
Lines drawn
PAGE 3
MTEL has boldly staked its claim. The telecommunications service provider will offer fixed-line tariff 10 to 20 per cent cheaper than current market rate. The CTM CEO said it’s serving its clients with “the best rates”. MTEL competition “is positive” for the company, he added. But the market will decide
PAGE 4
EU to deepen ties with Macau PAGE 6
Gaming industry driving labour force PAGE 3
Brought to you by
HSI - Movers November 27
Name
%Day
Thai tourist numbers topple
China Resources Powe
2.26
Cathay Pacific Airwa
1.25
China Overseas Land
0.88
Bank of Communicatio
0.83
China Life Insurance
0.75
Now, it’s reciprocated. Macau residents may increasingly be opting not to travel to the Land of Smiles. But an increasing number of Thai nationals are bypassing Macau. Package tours in particular are affected. A third less Thais visited this October
Power Assets Holding
-1.41
Hong Kong & China Ga.
-1.49
Bank of East Asia Lt
-1.82
COSCO Pacific Ltd
-2.21
Kunlun Energy Co Ltd
-2.48
Source: Bloomberg
PAGE 5
www.macaubusinessdaily.com
I SSN 2226-8294
Brand new yuan Chinese authorities are moving forward rapidly. To equip RMB with all the features of a legitimate international currency. Since yesterday, foreign companies can trade their freed up funds while PBOC moves on further reforms
Pages 10 and 11
Spreading it around
Brought to you by
More choices than ever. For an increasingly well-heeled populace. Chinese investment by Macau residents in securities issued by unrelated non-residents has hit a record-breaking MOP416.9 billion. An increase of 34.6 per cent over a year ago. Chinese securities occupy nearly half of the total. While residents’ interest in investing in US and Australian securities has also surged
PAGE 7
2014-11-28
2014-11-29
2014-11-30
21˚ 26˚
21˚ 26˚
22˚ 26˚