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Beijing's plans to bolster 'non-Hong Kong' exchanges flop

Effort to build up mainland and Macao rivals off to a slow start

Visitors leave the Venetian Macao casino in Macao. The head of Guangdong Province's financial supervision authorities has submitted a proposal to Beijing to set up a yuan-denominated bourse in Macao.   © Reuters

SHANGHAI -- China has embarked on a mission to slowly sideline Hong Kong as a financial center, building up rival stock exchanges on the mainland and now in Macao.

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