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Artistsperformduringagrandgalaincelebrationofthe20thanniversaryofMacaosreturntothemotherlandintheMacaoEastAsianGamesDome,SouthChinasMacao,,2019.(Xinhua/PangXinglei)ExploringownfeaturesRelyingonthegamblingindustry,whichcontributestohalfofitsGDP,Macaohasreachedapointwhereitshoulddiversifyitseconomybasedonitsownconditionsandexplorefreshgrowthengines,andthereishugepotentialforthecity,officialsandexpertssaid."OurfuturemarketwillbeextendedtotheGreaterBayArea,servingthemarketthroughmorediversifiedfinancialservices,asMacaosfinancialsectorwouldalsogrowfromcommercialbank-basedtofeaturedfinancialservices,includingfinancialleasing,wealthmanagementandyuan-denominatedservices,"ChanSauSan,chairmanoftheMonetaryAuthorityofMacao,,MacaoisexpectedtoplayamoreactiveroleinconnectingcountriesandregionsalongtheBRI,whileMacaohasaveryhighsavingsrateandlimitedfinancialproducts,whichwouldbefurtherexplored,mentofayuan-denominatedsecuritiesexchangeinOctober."Thebondmarketisnowourmajorfocus,andwevebeenworkingonthefundamentalstructureofabondmarket,"sMinistryofFinanceissuedyuan-denominatedbondsworth2billionyuan($285million)"onecountry,twosystems"principle,andtheBasicLawofMacaostatestherearenoforeignexchangecontrolpolicies,allowingthecitytohaveanopenfinancialsystemtoconnectwiththemainlandandtheworld,thechairmannoted."AsthecountryhasbeenpushingforwardtheinternationalizationoftheChinesecurrency,Macaoisexpectedtocontributemoreonthisaspect,"sBankofChina,thecountryscentralbank,onWednesdayissuedastatementtofurtherfacilitateindividualcross-borderrenminbiremittancesinMacaobyraisingthedailylimitfromMacaotoChinesemainlandaccountsunderthesamenameto80,000yuanfrom50,000yuan,amovetofacilitatet,residentsinMacaocanopenaccountsofmainlandbanksinthecity."ThecurrentphaseforMacaoistorealizeadifferentiateddevelopmentpures,",ratherthanpursuinglarge-scaleexchangemarkets,itcouldtapintosomespecialized,subdividedbusiness,PansyHoChiu-king,thepredominantbusinesswomaninMacao,toldtheGlobalTimesThursday.",weneedtoshoulderresponsibilitieswhenitcomestohowtouseourplatforminservingthenationaldevelopmentplan,",,whicharelikelytoeasilyraisefundsontraditionalinternationalexchangemarkets."Macaocouldtakeashotatthis,",aformerPortuguesecolony,hasagoodpositiontodevelopyuanbusinessandfinancialservicesthattargetPortuguese-speakingcountries,sinternationalization."Throughthelocalstockexchange,moreyuan-basedinvestmentproductscanbecreatedandMacaocanfurtherbuildupitsroleasanoff-shorecenterandaregionalfinancialcenter.""Fintech,mobilepaymentsandgreenfinance…thes,itwillnotonlybenefitthelocalfinancialsector,butalsotheGreaterBayArea,whilefurtherimprovingChinasinternationalinfluenceinthisregard,"sstandingintheGreaterBayAreawillgivemomentumtoitseconomicdiversificationmove,scharacteristics,somechallengesremain,especiallyontalentandlaw,accordingtoWuZhiliang,presidentoftheMacauFoundation."Macaohaslegalfundamentalsbutpartofitneedstobemodernized,inparticular,inthefinancialsector,"saidWu,addingthatiftheSARwantstoshouldermorefinancialfunctions,tobeconsideredsincethecityhasreliedonHongKongforfinancialinvestmentforalongtime,,Macaohasagooddevelopmentfoundation,whichcanhelpimproveitsownstructuralproblems,saidWu.

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GengYukuislogshiswayuptothemountainwithashoulderpolecarryingeggsandvegetables.(Photo:GaoKe/PeoplesDailyOnline),000stairsbetweenthetwogates,Genghastoclimbover24,000stairsperday,ajobhehasbeendoingforover30years."Itishardwork,butIamusedtoitandnowlovemyjob,"hegrinnedamiably,,ashisjobasaporterisnotonlypartofthesceneryofMountTai,,PresidentXiJinpinghailedthespiritoftheportersonMountTaiduringhisinspectiontourinShandongprovince,callingoncadresandthepublictobecomethe"portersonMountTai"inthenewera,withperseveranceandbravery."Thespiritofporters,inmyeyes,isdedication,perseverance,withnofearofdifficultyandpain,"saidGeng."Rainorshine,,weworkinminus30degreesCelsius;insummer,weclimbupthemountaineveniftheheavyrainreachesourlowerlegs.",dozensofhotelsandrestaurantsdotthetopofthemountain,,whichispavedwith2,000steps,builtbynearly300portersstone-by-stoneforawholeyear.

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