The Traderszone Network

Published in TZ Latest News 11 December, 2014 by The TZ Newswire Staff

Habitual Chinese Gamblers Dump Macau, Go All In On Chinese Stocks

When the PBOC popped the Chinese equity market bubble earlier in the week, American investors (and talking heads) were stunned by such limitations on speculative excess. However, as the following chart suggests, perhaps it was a public service they were doing as the demise of Macau’s easy-visa workarounds to currency controls has meant China’s habitual gamblers needed to find a new outlet for their cash

 

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