AGP Executive Report
Last update: 8 hours agoTelecom Reshuffle: Hutchison Telephone (Macau) will stop mobile services at 11:59pm on Nov 30, with customers transferred to CTM; Hutchison had about 140,000 users and only ran 4G, leaving Macau with CTM and China Telecom as the two mobile operators. Banking Shake-up: OCBC Macau will cease accepting new credit card, mortgage, car-loan and personal-loan applications, and will progressively wind down credit cards; existing cards stay usable until Nov 30, then accounts close Dec 31. Capital Markets: Wynn Macau cut the conversion price of its US$600m 4.50% convertible bonds to HK$8.67530 from HK$9.02275 after declaring an interim dividend, effective Sept 16. Regional Finance: Shenzhen issued RMB 5 billion offshore renminbi municipal bonds via green/sustainable structures, with deals in Hong Kong and Macau funding transport, water and healthcare projects. Hengqin Business Push: The Guangdong-Macao In-Depth Cooperation Zone in Hengqin is positioning itself as a lower-cost launchpad for Macau entrepreneurs, citing 8,224 Macau-funded firms registered by end-August. Macau Trade Spotlight: Macau ranked 6th globally and 2nd in Asia for services trade development in IPIM’s 2026 index. Upcoming Industry Events: GLSTF 2026 will run Sept 22-23 at Galaxy in Cotai, drawing timber and home-furnishing players from 49 countries/regions. Public Safety: Police warned after a police-impersonation scam netted a non-resident nearly RMB2m, with fraudsters pushing victims to buy gold bars.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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