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Macau Seen to Experience Budget Deficit Should Gambling Revenue Fall, Chief Executive Says
Hong Kong stocks have shown unusual movements | Macau Casino stocks continue to decline, MELCO INT'L DEV (00200) fell over 3%, and Morgan Stanley pointed out the short-term downside risks for Macau Casino stocks.
Macau Casino stocks continue to decline. As of the time of writing, MELCO INT'L DEV (00200) is down 3.44% at 3.37 HKD; Sands China (01928) has dropped 2.74% to 12.8 HKD.
The Chief Executive of Macau, Ho Iat Seng, has presented the first policy address during his term, showcasing greater achievements in moderately diversified economic development.
Cen Haohui mentioned increasing efforts in attracting investment, deepening connectivity with Aoqin, promoting the "single license vehicle" from Hongqin northward, expanding government and public service guarantees, and creating an environment similar to that of Macau.
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