China's stock market rally continued after a week-long break for the National Day holiday, with China’s main stock indexes reaching two year highs at the opening on Tuesday.
China has released a slew of policies to prop up the economy, and these measures have led to a rapid increase in home sales and a surge in stock prices after the holiday.
A-Share turnover exceeded one trillion yuan in only 20 minutes after the opening time, refreshing the record set on September 30.
Tuesday’s total trading volume on the main Shanghai and Shenzhen stock markets exceeded 3.45 trillion yuan.
China's major stock indexes were higher after Tuesday morning, with the benchmark Shanghai Composite Index up 4.59 percent to 3,489.78 points. The turnover reached 1.51 trillion yuan, up 340 billion yuan from the previous trading day eight days ago.
The Shenzhen Component Index soared by 9.17 percent to 11,495.10 points, with a turnover of 1.94 trillion yuan.
Over 5,000 stocks ended higher, with the server-operating-system, semiconductor and data security sectors leading the gains.
The ChiNext Index showed strong performance, closing up 17 percent and surpassing the 2,500-point mark.
During the National Day holiday, the number of new accounts opened by major brokerages reached a historic high. Starting from October 8th, the Shanghai Stock Exchange announced a five-minute "extension".
This policy only applied to newly opened investor accounts and investors who changed their brokerage firms.
The ChiNext index continued its biggest single-day gain in history, with ETFs tracking the index up 20.00 percent on average on Tuesday.
China's stock market rally continues after week-long break
Macao has been emerging as a global hub for conventions and exhibitions in recent years by exploring the enormous opportunities in the sector, driving the region to advance its economic diversification and embrace a brighter future.
Macao has received many awards this year, such as the Best Convention City (Asia) and the Best BT-MICE City, showcasing the recognition for and influence of Macao's exhibition industry.
More than 1,000 electronic game enthusiasts from all over the world gathered recently in Macao to participate in a esports themed event.
Su Zhili, organizer of the event, said that Macao's rich experience in hosting large-scale events, coupled with its good infrastructure, has driven him to choose the region as an ideal destination to hold such an activity.
"Macao has held many similar large-scale events. It has rich experience, and the facilities at the venue are relatively mature, so we can start our work comfortably," said Su.
During the first three quarters of 2024, Macao held more than 1,000 conferences and exhibitions in total.
"We will invite more professional, special conferences to be held in Macao and also cultivate more exhibition brands with international influence in Macao, so as to promote Macao's exhibitions to be more market-oriented, professional, international, digital and greener from various aspects. This is our goal," said Elaine Wong, member of the Macao Commerce and Investment Promotion Institute.
In addition, multiple large exhibitions and conferences, such as the Macao International Trade and Investment fair, the Macao Franchise Expo, and the International Infrastructure Investment and Construction Forum, are held regularly in Macao.
With the introduction of a series of policies and measures to facilitate the exchanges between the mainland and Macao, as well as the construction and development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Macao's convention and exhibition industry will embrace more opportunities for development in the foreseeable future.
"We have such a good industrial base in the Greater Bay Area. The mode of 'Convention and Exhibition + Industry' not only integrates the industries of Macao, but also the industries of the Greater Bay Area. In addition, Macao actively integrates into the national development and plays a role in the Belt and Road. Why are we so confident in Macao's convention and exhibition sector? Because it is backed by the motherland, and the country gives Macao great support," said Alan Ho, chairman of the Macao Association of Convention, Exhibition and Tourism Sectors.
Macao emerges as global hub for conventions and exhibitions, driving economic diversification and international recognition
