President Xi Jinping speaks during the inauguration ceremony of Macau’s new chief executive Ho Iat-seng, as part of the 20th anniversary handover celebrations in Macau on December 20. If it wishes to do so, Beijing could support Macau’s financial development plans in important ways. Photo: AFP President Xi Jinping speaks during the inauguration ceremony of Macau’s new chief executive Ho Iat-seng, as part of the 20th anniversary handover celebrations in Macau on December 20. If it wishes to do so, Beijing could support Macau’s financial development plans in important ways. Photo: AFP
President Xi Jinping speaks during the inauguration ceremony of Macau’s new chief executive Ho Iat-seng, as part of the 20th anniversary handover celebrations in Macau on December 20. If it wishes to do so, Beijing could support Macau’s financial development plans in important ways. Photo: AFP
Ken Chu
Opinion

Opinion

Macroscope by Ken Chu

Why Hong Kong should not dismiss Macau’s ambition for a yuan-denominated stock exchange

  • The former Portuguese colony faces formidable challenges in creating the necessary conditions for a thriving yuan market, but a supportive Beijing may greatly ease its path to success
  • Hong Kong needs to consider ways to create synergies with its neighbour

President Xi Jinping speaks during the inauguration ceremony of Macau’s new chief executive Ho Iat-seng, as part of the 20th anniversary handover celebrations in Macau on December 20. If it wishes to do so, Beijing could support Macau’s financial development plans in important ways. Photo: AFP President Xi Jinping speaks during the inauguration ceremony of Macau’s new chief executive Ho Iat-seng, as part of the 20th anniversary handover celebrations in Macau on December 20. If it wishes to do so, Beijing could support Macau’s financial development plans in important ways. Photo: AFP
President Xi Jinping speaks during the inauguration ceremony of Macau’s new chief executive Ho Iat-seng, as part of the 20th anniversary handover celebrations in Macau on December 20. If it wishes to do so, Beijing could support Macau’s financial development plans in important ways. Photo: AFP
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