ICBC Macau becomes pilot of Zhuhai Real Estate cross-border mortgage service

ICBC (Macau) and Zhuhai Real Estate Registration Center have signed a cooperation agreement whereby ICBC (Macau) will serve as a pilot for cross-border mortgage services. Under the scheme, Macau enterprises and residents do not need to complete the cross-border registration of real estate mortgages. Zhu Lin, director of the Zhuhai Municipal Government Office, said that […]

Continue Reading

Bay Area Funds Push for Economic Diversity

The Greater Bay Area Common Home Investment Company will set up the “Macao Greater Bay Area Fund”, which plans to raise 100 billion yuan in stages to invest in the Greater Bay Area economic circle, respond to the national innovation-driven development strategy, cooperate with the Macau government to promote diversified economic development, and help Guangdong, […]

Continue Reading

Greater Bay Area Judicial Case Seminar Held

A groundbreaking legal seminar was held in Guangzhou yesterday (January 6). Judges and lawyers from the Greater Bay Area’s three jurisdictions of Hong Kong, Macau and Guangdong conducted mock trials of a cross-border trademark protection case. Each followed their own litigation procedures, which allowed the participants to compare  the differences. Pei Xianding, a full-time member […]

Continue Reading

Nearly 1,000 applications for ICBC Bay Area account

Since ICBC Macau officially launched its “Bay Area Account Connect” program on December 20, nearly 1,000 accounts have been registered, the bank said. Residents can open personal accounts in Guangzhou and Zhuhai ICBC at ICBC Macau branches. This saves them the hassle of going to the mainland in person, and they can use this type […]

Continue Reading

AIRPORT CONFIRMS 9.6 MILLION PASSENGERS IN 2019

The number of passengers served by the Macau International Airport grew to 9.6 million in 2019, setting a new a record, the airport management company has confirmed. The press release from the Macau International Airport Company boasted that the passenger count last year was about 14 times the city’s total population. Compared to 2018, last […]

Continue Reading

Finance secretary optimistic for Macau’s future

Macau’s new Secretary for Economy and Finance, Lei Wai Nong, on Friday said the government was cautiously optimistic about Macau’s economic prospects, noting a number of new casinos to open in the near future. Speaking to reporters, Mr. Lei said that 2019 saw its fifth-highest annual revenue from the casino gaming sector in nearly 20 […]

Continue Reading

Guangzhou Pharma Sets up Global HQ in Macau

Guangzhou Pharmaceutical Group established a Macau venture today, announcing a US$200 million investment into the SAR to establish its international headquarters here. Li Chuyuan, chairman of Guangzhou Pharmaceutical Group, gave a speech at a launch ceremony attended by many of Macau’s elite political and business leaders. He pointed out that the new venture “Combines the […]

Continue Reading