Macau
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Macau

Macau
Macau
Macau is a former Portuguese colony, and in 1999 it became a special administrative region of China. Its economy relies heavily on tourism, specifically the gambling industry, whose revenue has made Macau the world's largest casino market.
Head of Government
Chief Executive Ho Iat Seng
last updated:
6 January, 2025
Beijing point man Xia Baolong visits Hengqin. Photo: Handout

Macau and Hong Kong put on notice by Beijing point man’s visit, experts say

Xia Baolong’s visit to Hengqin, coming quick on the heels of the president’s to Macau, shows Beijing is stressing need to speed up development of Hengqin and nudge Hong Kong.

Consumer protection in Hong Kong

Hong Kong’s consumer watchdog launches Greater Bay Area property portal

Robotics

Chinese robotics start-up pushes large cleaning robots in Hong Kong, Macau

Wealth management

Exclusive | Macau’s first local mutual fund targets mainland investors via connect scheme

A&P Macau Patacas Money Market Fund will soon be offered to mainlanders in the Greater Bay Area.

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Macau’s first locally registered money market fund will soon be offered to mainland investors via the Wealth Management Connect scheme. Photo: Eugene Lee
Asia travel

24 hours in Macau: luxurious stays, restorative spas and decadent dining

The ‘Vegas of the East’ boasts more than just casinos – enjoy exquisite meals at Raffles at Galaxy Macau, spa rituals at the Banyan Tree Spa and a stay at Andaz Macau.

China technology

SenseTime to spin off healthcare platform to capitalise on advanced LLMs

SenseTime says rapid advancements in large language models are transforming artificial intelligence in the medical field.

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Kai Tak Sports Park

Letters | We’ve built Kai Tak Sports Park. Now, to keep crowds coming

Readers discuss how to fill the city’s new premium venue, what to do about Uber, and vaccine management protocol.

A view of Kai Tak Sports Park on January 15. Photo: Eugene Lee
Bonds

Hong Kong can become multicurrency bond hub with Beijing’s support: experts

Many Hong Kong public bodies have seen increasing interest in multicurrency bonds to attract more international investors, UBS says.

Digital currencies

Hong Kong bitcoin ETFs could open to some mainland investors under new measures

New rules further opening up China’s financial markets could give some mainlanders access to cryptocurrency investment products for the first time.

Banking & finance

HSBC unveils 25-storey tower in Qianhai to drive cross-border collaboration

The bank says it sees ‘huge potential for economic and trade cooperation between Guangdong and Hong Kong’.

HSBC’s HyQ office tower in Qianhai. Photo: Handout
Bonds

Hong Kong and Macau link bond systems to create larger market

Four new bond issuances worth 3.2 billion patacas (US$401 million), plus 18 secondary-market transactions, settled on first day of linkage.

A general view of Sai Van Bridge and Taipa in Macau on 28 September 2024. Photo: Eugene Lee
Kai Tak Sports Park

Letters | Hong Kong may be space-challenged but mustn’t limit its ambition

Readers discuss the opportunities for the city’s sports tourism, the need for a new first-class tennis facility, and how to break up the scamming industry.

Hong Kong politics

Hong Kong’s ‘high tolerance’ of diverse views key to city’s success: minister

Justice minister Paul Lam says press freedom and free flow of information are essential to city’s global financial hub status.

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SCMP Exclusives

Wynn looks to Vegas to help revamp Macau’s US$28 billion casino economy

Macau seeks to source 60 per cent of its revenues from non-gaming sectors by 2028, from 20 per cent at present.

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Wynn Macau president and vice chairwoman Linda Chen and non executive chairman Allan Zeman. Illustration by Henry Wong
Insurance

Hong Kong life insurance bonanza driven by local buying; overseas buyers rise

New life insurance sales in the first nine months of 2024 stood at HK$169.6 billion (US$21.8 billion), the highest since the authority set up in 2016.

Insurance sales agents approach mainland tourists in Canton Road, Tsim Sha Tsui on 20 February 2024. Photo: Eugene Lee
Hong Kong politics

Tycoon Kadoorie ‘spearheads US$50 million drive to promote Hong Kong worldwide’

Kadoorie met other tycoons three weeks ago to share his grand plan, source says.

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From our archives

When Madonna and Sean Penn were in Hong Kong to shoot Shanghai Surprise

The Queen of Pop was in town in early 1986 to shoot scenes for her latest film and had managed to give media the slip, until a Post photographer spotted them dining at a restaurant in Central.

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Hong Kong tourism

Shenzhen residents make 1 million trips to Hong Kong since return of visa scheme

Mainland authorities have issued 299,000 multi-entry permits to Hong Kong since December 1.

Shenzhen residents have been able to apply for multi-entry permits to Hong Kong since December 1. Photo: May Tse
Tourism

China’s Hainan island seeks rapper’s delight with invites to US stars

The authorities are hoping to turn the island province into a major music destination after Kanye West sold out two shows last year.

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Hong Kong healthcare and hospitals

Hong Kong hospital admits first patient via cross-border ambulance scheme

Patient with chronic bronchitis transferred from University of Hong Kong-Shenzhen Hospital in Futian to Tuen Mun Hospital.

Hong Kong politics

Xi’s orders for Macau serve as reference for Hong Kong, Beijing official says

Xia Baolong also calls on Hong Kong and Macau to fully unleash the benefits of the ‘one country, two systems’ governing principle.

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The president’s recent remarks on Macau also apply to Hong Kong, a senior Beijing official says. Photo: Eugene Lee
Banking & finance

Investing in small businesses an option for wealth funds, Charles Li says

Micro Connect pooled more than 11,000 stores and 688 brands in China in 2023, sharing US$113.2 million of revenue with investors.

Charles Li wants sovereign wealth funds and family offices to add small businesses to their asset allocation plans. Photo: Enoch Yiu
Hong Kong society

Hong Kong, Macau passport holders hit online snag for UK travel e-permit

Attempts to list Hong Kong or Macau as passport’s place of issue or applicant’s nationality triggers pages stating such document holders are ‘not eligible’.

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Food and Drinks

7 Hong Kong restaurants newly awarded in Black Pearl Restaurant Guide 2025

37 Hong Kong restaurants are on the Michelin-equivalent list published by Meituan, among them The Chairman – now a three-diamond-rated spot.

Banking & finance

Opinion | How Macau’s rise as financial hub opens doors for Hong Kong

With its robust financial institutions and broad pool of investors, Hong Kong can play a vital role in incubating Macau’s financial market.

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The sun sets on Sai Van Bridge in Macau on December 18. Although there is no stock exchange in Macau, the city has authorised two financial asset exchange platforms. Photo: Eugene Lee
Hong Kong economy

Letters | It’s only fair for operators to share costs of the HK$2 fare scheme

Readers discuss how transport networks have benefited from the subsidy, and happiness in Macau.

Commuters use the JoyYou Card at Wong Tai Sin MTR station on August 25. Without the HK$2 fare scheme, many elderly people would likely reduce their use of public transport. Photo: May Tse
Hong Kong society

Young Hongkongers say adapting to mainland work culture key to smooth transition

Greater Bay Area youth job scheme offers opportunities, but some struggle to cope with fast pace, long hours.

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Marathons

‘Citizen Runner’ among top athletes in Hong Kong-Zhuhai-Macau Bridge Half Marathon

Japan’s Yuki Kawauchi, one of 8,000 runners taking part on Sunday, gained fame by winning the 2018 Boston Marathon as an amateur runner.

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