The Hang Seng Index to grow to 24,000 points on the back also because of the property, hotels, retail and other development projects growth in Macau. So it is not suprising really considering the fact that over USD$20 billion is being invested in the next 5 years or so. The bulk of that will have to come from listings on the stockmarkets in Hong Kong and the US.
It estimates that some 11 bln usd the financial services activities that can be generated in Macau between 2006 to 2010 through initial public offerings, potential merger and acquisition activities and financing of investments.
Story here Hang Seng to reach 24,000
