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.To continue reading, please subscribe. You will get
- Original and in-depth reporting with details, data and perspectives you don't read elsewhere
- THE WIRE - a real-time financial news platform focused on China
- Daily Brief newsletter to get you prepared for every trading day
- An indispensable and reliable source of information on China's economy and financial markets
We highly value independence. We are solely funded by subscriptions from thousands of readers like you. Not ready for our full service? Try Free Weekly Newsletter first.
Already have an account? Sign In