22 September 2009
China visa restrictions eased for Macau
China visa restrictions on its citizens travelling from Guangdong province to Macau have been eased, now allowing more frequent trips between the two destinations.
Guangdong residents are now allowed to visit Macau once a month, instead of the previous rule restricting visits to only two per year. The quiet relaxing of China visa rules has already boosted Hong Kong casino shares, reports Channel News Asia.
Notable share boosts include Galaxy Entertainment and Melco International, both jumping more than nine per cent.
Reports speculate that China was relaxing the Chinese visa restrictions for Macau ahead of its 60th Anniversary celebrations, although an official announcement has not yet been made by the government.
The Worldwide Visa Bureau is an independent consulting company specialising in Chinese Visa and immigration services.