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Southbound Guangdong vehicles can offset outflow of local consumption: chamber head

Summary by Macau Business
The proposed Southbound Travel for Guangdong Vehicles policy could help boost local consumption amid a growing trend of Macau residents spending and dining in mainland China, local businessman Kevin Ho King Lun said. In an interview with Macau Daily News published on Wednesday, Ho acknowledged that the outflow of local spending is “irreversible”, particularly following the launch of the Northbound Travel for Macau Vehicles scheme. Introduced in …
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Macau BusinessMacau Business

Southbound Guangdong vehicles can offset outflow of local consumption: chamber head

The proposed Southbound Travel for Guangdong Vehicles policy could help boost local consumption amid a growing trend of Macau residents spending and dining in mainland China, local businessman Kevin Ho King Lun said. In an interview with Macau Daily News published on Wednesday, Ho acknowledged that the outflow of local spending is “irreversible”, particularly following the launch of the Northbound Travel for Macau Vehicles scheme. Introduced in …

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MACAU DAILY TIMES 澳門每日時報MACAU DAILY TIMES 澳門每日時報

Guangdong sees nearly RMB3 billion in property purchases from Macau, Hong Kong buyers

Buyers from Macau and Hong Kong have spent approximately RMB2.99 billion on homes in Guangdong province over the past year. According to data from the People’s Bank of China, between February 26, 2024, and January 31, 2025, Guangdong’s financial institutions processed 2,603 housing transactions for buyers from Macau and Hong Kong within the Greater Bay […] The post Guangdong sees nearly RMB3 billion in property purchases from Macau, Hong Kong bu…

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MACAU DAILY TIMES 澳門每日時報 broke the news in on Wednesday, February 26, 2025.
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