The Macau Metro Monitor. December 15th, 2009
PBOC EASES YUAN RESTRICTIONS IN MACAU scmp.com
The People’s Bank of China yesterday relaxed restrictions on yuan transactions for Macau residents. The central bank said Macau residents would soon be able to exchange the equivalent of 20,000 yuan (HK$22,704) per person per day, up from 6,000 yuan. Macau residents will also be allowed to write yuan-denominated checks for purchases in Guangdong. The PBOC announcement of the yuan business expansion comes as Beijing prepares to celebrate the 10th anniversary of Macau's handover to the mainland on December 20.
TSANG SAYS HE WANTS TO KEEP DELTA BRIDGE TOLLS AS LOW AS POSSIBLE scmp.com
Hong Kong Chief Executive Donald Tsang Yam-kuen has said that the government will try to keep toll rates for the Hong Kong-Zhuhai-Macau Bridge as low as possible. Tsang said the three governments would continue to work together to ensure the bridge was properly managed.
