Last week, authorities arrested Alvin Chau Cheok-wa, head of Macau’s biggest casino junket operator, over his suspected involvement in running illegal cross-border gambling activities, signalling a determination to fix all possible loopholes. Photo: Facebook
Last week, authorities arrested Alvin Chau Cheok-wa, head of Macau’s biggest casino junket operator, over his suspected involvement in running illegal cross-border gambling activities, signalling a determination to fix all possible loopholes. Photo: Facebook

China extends battle lines to manage capital outflows as Beijing doubles down on ‘economic security’

  • Markets tumbled after Federal Reserve chair Jerome Powell said high inflation could persist until the middle of next year and that the speed of US tapering could quicken
  • Authorities last week arrested the head of Macau’s biggest casino junket operator, signalling a determination to fix all possible loopholes, according to analysts

Topic |   Banking & finance
Last week, authorities arrested Alvin Chau Cheok-wa, head of Macau’s biggest casino junket operator, over his suspected involvement in running illegal cross-border gambling activities, signalling a determination to fix all possible loopholes. Photo: Facebook
Last week, authorities arrested Alvin Chau Cheok-wa, head of Macau’s biggest casino junket operator, over his suspected involvement in running illegal cross-border gambling activities, signalling a determination to fix all possible loopholes. Photo: Facebook
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