Macau Business Daily, Dec 19, 2014

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MOP 6.00 Closing editor: Joanne Kuai Year III

Number 692 Friday December 19, 2014

Publisher: Paulo A. Azevedo

President Xi Jinping in town

C

hinese President Xi Jinping arrives in Macau today. It will be his first official visit in five years. Xi has a busy schedule ahead of him. Official 15th anniversary celebrations and the inauguration of the fourth-term government of Macau. He will also meet with outgoing officials. Some pundits believe Xi’s visit implies tightening control of the gaming industry. Others interpret it as central government support. Meanwhile, local activists are unhappy at not being granted permission to rally. And don’t rule out ‘unexpected’ activities.

The ties that bind

Property perceptions Chinese property prices declined again last month. Confirming the sector to be a real drag on the national economy. The data, however, does suggest a bottoming out

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Chinese whispers

Trade liberalization is in the air. The mainland has signed a new trade pact with Hong Kong and Macau on the eve of President Xi Jinping’s visit to the MSAR. It is believed to contain a mostfavoured treatment provision. Extending

any CEPA-plus preferential treatment offered to other countries and regions to the SARs as well

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www.macaubusinessdaily.com

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December 18

Name

%Day

Tencent Holdings Ltd

6.27

Galaxy Entertainment

3.21

Power Assets Holding

2.44

China Life Insurance

2.41

CNOOC Ltd

2.33

BOC Hong Kong Holdin

-0.79

Sino Land Co Ltd

-1.15

Li & Fung Ltd

-1.19

Bank of Communicatio

-1.34

China Merchants Hold

-1.35

Source: Bloomberg

China’s market liquidity has turned surprisingly tight in recent days. This, despite rate cuts in November. Encouraging speculation about a possible response from the central bank. Or even imminent cuts in reserve ratio requirements

I SSN 2226-8294

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Sense of achievement Celebrations of the establishment of the Macau Special Administrative Region are scheduled for tomorrow. Some facts and figures provide broad brushstrokes of the changes. Highlighting the massive strides made in economic and social development in the past 15 years

HSI - Movers

U.S judge dismisses Steve Wynn lawsuit PAGE 10

Japan auto lobby: ‘Sense of crisis’ hanging over industry PAGE 16

2014-12-19

2014-12-20

2014-12-21

12˚ 15˚

12˚ 18˚

13˚ 19˚


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