Macao eyes bulls and bears glory

Planned yuan-denominated bourse to help diversify SAR's local economy

Macao's plan to set up an offshore yuan-denominated stock exchange will help diversify its local economic structure and bolster technology development in the region, analysts said on Monday.

The Monetary Authority of Macao (AMCM) on Sunday said in a statement that a feasibility study on the proposal was being conducted by an international consultancy firm after the task was listed in the Outline Plan for the Guangdong-Hong Kong-Macao Greater Bay Area, a blueprint of the zone's integrated development published by the central government in February.