he election of members of an election committee of the chief executive of China’s Macao Spec
ial Administrative Region (SAR) is scheduled for June 16, the government of the Macao SAR said on Monday.
According to the Basic Law of the Macao SAR, the chief executive, with a five-year te
nure for each term, shall be elected by a broadly representative election com
mittee in accordance with the law and appointed by the central government.
The election committee consists of 400 members from four sectors, including the industrial, commercial and financial sect
or; the cultural, educational, professional and sports sector; and the labor, social services and religion sector.
The committee also includes members of the Legislative Assembly of Macao, Macao dep
uties to the National People’s Congress and members of the National Committee of the Chinese People’s Poli
tical Consultative Conference, and members of local departments and organizations.
exchanges, Ibrahim said one major reason is that U.S. market is the deepest in the world and companies want to have access to liquidity.
He added that the companies also want to be next to their competitors that have already be
en listed in NYSE so as to make sure the evaluation
is aligned and make themselves available to the vast number of investors.
“This trend will continue because I think there are fantastic companies in China,” he said.
He said that the human element the NYSE has is also an important reason companies are willing to be listed there.
On the other hand, the demand from U.S. investors’ side for Chinese companies and products is high.
Ibrahim said there are a lot of great entrepreneurs
creating and selling new technologies and tapping the growth of Chinese economy.
“Investors want to be part of this growth,” he s
aid, adding that the way to access the growth is through IPOs.
NYSE-listed companies traded with 45 percen
t lower volatility compared to companies listed and traded on other U.S. exchanges, according to the stock exchange.