Meetings & Information


Thursday, March 5, 2015

Premier Keqiang tips further corruption crackdown in China

Clark Schultz, SA News Editor

  • The government in China doesn't appear to be set to ease off on its crackdown on corruption based on the annual work report speech given by the Premier.
  • Premier Li Keqiang: "Our tough stance on corruption is here to stay; our tolerance for corruption is zero, and anyone guilty of corruption will be dealt with seriously."
  • The stance from Beijing is considered the largest factor in the sharp slide in VIP revenue for Macau casinos.
  • English-version of the address to the National People's Congress by Keqiang. (.pdf)
  • Macau-related stocks: MPEL, MGM, WYNN, LVS, OTCPK:GXYEF, OTCPK:SJMHF.
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