Macau Business Daily, Feb 24, 2015

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MOP 6.00 Closing editor: Sara Farr Publisher: Paulo A. Azevedo Number 735 Tuesday February 24, 2015 Year III

The Big Five I

t has the lion’s share of the market. Bank of China dominates in terms of deposits. With 42.4 pct of the total MOP805,761 million market. ICBC Macau (18.4 pct) places second followed by Tai Fung Bank (9 pct). Luso International Banking (7 pct) comes in fourth and BNU (5.2 pct) fifth. Regarding public sector deposits, of all the money the Macau Gov’t saves in banks operating in Macau 42.6 pct is squirreled away with BOC PAGE

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Moderate growth in CNY visitors

Union Gaming: CNY seasonality remains intact Page 5 Prada’s Asian sales fall 5pct, primarily in Macau & HK Page 6

There was an increase in Mainland Chinese visitors during the first three days of CNY. By nearly 7 pct Y-O-Y to 308,089 people. But quite a slowdown from the 55.1 pct rise in the equivalent CNY period in 2014. Overall, the city welcomed 434,549 visitors in the period. Up 3.4 pct on last year.

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Beijing’s glare deepens crisis in Macau Page 7

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Another budget carrier is on the horizon. Japan’s Peach Aviation is mulling expansion to Macau. Making it the first low-cost carrier serving the Japan-Macau route. Currently, flag carrier Air Macau offers flights to Tokyo and Osaka. But not on a daily basis

Real estate breather

%Day

Tencent Holdings Ltd

3.77

MTR Corp Ltd

3.16

CITIC Ltd

1.82

China Resources Land

1.24

Wharf Holdings Ltd/T

1.09

China Shenhua Energy

-1.68

China Mobile Ltd

-1.96

Sands China Ltd

-2.01

CNOOC Ltd

-2.81

Galaxy Entertainment

-3.22

Source: Bloomberg

I SSN 2226-8294

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Local housing prices could drop. By as much as 20 pct this year. That’s according to the head of the Macau General Association of Real Estate. Triggered, says Chong Sio Kin, by the slowdown in the gaming industry. He’s also throwing cold water on Hengqin as an alternative investment. But for very different reasons

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Short-term solution The Shanghai-Hong Kong link. It will allow short-term selling starting next month. The daily volume of short positions on a stock would be capped at 1 pct. And at no more than 5 pct over 10 consecutive days

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