Official study suggests new system would only be feasible once the economy recovers from the effects of Covid-19 pandemic.
Drawing on the experiences of dozens of authors from around the world, the book is likely to become essential reading for officials, students and researchers.
Bill now goes to Legislative Assembly for debate and vote; total budget for the year now MOP 105.8 billion.
Integrated resorts group sees the investment as supporting the diversification of Macao’s economy through the development of its financial markets.
Major loss is fourth in as many years. Macau Horse Racing company due to hold the concession until 2042.
Under the innovative scheme, Macao residents will be able to buy reminbi-denominated wealth management products via participating banks.
New proposals would bring Macao into line with international protocols while also attracting new foreign investment.
Bonds, with three-year tenor at 2.68 per cent interest, were three times oversubscribed by institutional investors from all around the world.