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Macau to set up yuan-denominated Nasdaq-style exchange

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The government of Macau has submitted a proposal to set up an offshore yuan-denominated Nasdaq - style stock exchange to China's central government, according to a senior official from neighbouring Guangdong province.

“We helped the Macau government to make a plan for setting up the exchange, with the aspiration to make it an offshore yuan Nasdaq,” said He Xiaojun, head of the Financial Supervision and Administration Bureau of Guangdong province, at a conference on Saturday.

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