Macau bets on financial services, fintech to drive economic diversification

Intelligence summary

Macau has unveiled a sweeping five-year strategic blueprint to break its long-standing dependence on casino revenues by pivoting towards modern financial services, digital currency adoption and deeper economic integration with mainland China. Under its third five-year plan for economic and social development, released on Tuesday, the gambling hub aims to boost the added value of non-gaming industries to about 60 per cent of gross domestic product by 2030, up from 56.7 per cent in 2024. Gaming...