CWN 0.25% $12.09 crown resorts limited

Take On China Inc. At Your Peril, page-168

  1. 4,056 Posts.
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    It doesn't make sense?

    Have a re-read again.

    Quote: "Mainland China-issued ATM cardholders will only be able to withdraw 5,000 patacas ($626) or HK$5,000 ($644) at a time, effective Friday, according to a government statement."

    So, the Gov't's position hasn't altered...

    Now read: "However, the daily limit on withdrawals remains the same at 10,000 yuan ($1,450). "

    What does this mean? And in relation to 1st Para?

    It's the Journalist's conclusion that needs to be queried...namely,

    "That eased the concerns of investors, who had sold off casino shares after an earlier report in the South China Morning Post that officials were reducing the daily ceiling by half."

    IMO, very confusing! But that's China and Chinese...
 
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