Ho’s family continue its influence on the Casino industry after Pansy Ho become a first-time member of the CPPCC, her recent note points out more development in Macau together with Hong Kong.
The family is challenged to remain strong and on the success line after the death of Stanley Ho. Pansy Catalina Ho Chiu-king (Chinese: 何超瓊; born 26 August 1962) is a Hong Kong-Canadian billionaire businesswoman who is the daughter of Macau-based businessman Stanley Ho, and the managing director of various companies he founded, including Shun Tak Holdings.
In her latest speech, Pansy Ho as MGM China Co-Chairperson and Executive director said Thursday that Macau’s economy has recovered flanked by 60% to 70% of pre-epidemic policy points, but still expresses several challenges in advance.
Noticeably, Pansy Ho is a first-time member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), which is here and these days in session as part of the National People’s Congress. She spoke regarding the recent circumstances in Macau through a discussion in Beijing on Wednesday.
Macau’s measures to prevent and control the epidemic are similar to those of the mainland, so it has recovered very well during the period since the resumption of customs clearance in January this year,
Pansy Ho said.
“Macau’s economy has recovered to 60% to 70% of its pre-epidemic level, but it will still face many challenges to recover its past economic performance, as there are still many travel options for mainland tourists and business visitors.”
In addition, she spoke of the re-tendering of Macau gaming licenses in 2022, initiating, “The six licensed companies have pledged to invest heavily in non-gaming elements over the next 10 years to make Macau a more attractive tourist destination. The non-gaming elements will include MICE, sports, and culture.”
According to ChinaDaily: Pansy Ho also mentioned that Hong Kong and Macau will collaborate together more closely to advance their respective strong point to create a “one-way, multi-destination” journey experience, consenting guests to tour both cities at the same time during holidays.
With the gain of “one country, two systems”, Hong Kong can act as a bridge connecting the Guangdong-Hong Kong-Macao Greater Bay Area to the world, according to billionaire businesswoman Pansy Ho Chiu-king, who is also a national political adviser from the special administrative region.
The term, “One country, two systems” is a constitutional principle of the People’s Republic of China (PRC) describing the governance of the special administrative regions of Hong Kong and Macau. The constitutional principle was formulated in the early 1980s during negotiations over Hong Kong between China and the United Kingdom. According to Economist: The paradox of “one country, two systems” is that it encourages aspirations for “Western-style” liberal democracy while placing limits on achieving those hopes.
Moreover, while Pansy Ho is a first-time member of the CPPCC, her brother, Melco Resorts Chairman and CEO Lawrence Ho, and Galaxy Entertainment Group Vice Chairman Francis Lui have been re-elected to the CPPCC this term.
The Chairman of Golden Dragon Group, Chan Meng Kam, was also re-elected to the CPPCC this year.
Days ago, through China’s ‘two sessions’ 2023: the top Beijing official for Hong Kong affairs urges local delegates to play ‘more proactive role’ in advancing the city’s prosperity, and stability. Hong Kong and Macau Affairs Office director Xia Baolong also asked Hong Kong delegates to promote implementation of ‘one country, two systems’ principle.
