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While there was never an intention to replace Hong Kong, Beijing seemed to be considering transforming Macau into a secondary offshore financial center for China.

United statesUnited kingdomHong kongCharles li xiaojiaXavier bettelLuxembourg stock exchangeLuxembourg stock exchange luxChongwa macau financial asset exchangeInternational financial lawMacau financial assets exchangeMacau micro connect financial exchangePeterson institute of international economicsNamkwong groupChinese president xi jinpingGreater bay areaDaily revenue obligations