Casino Stocks Down on Report of Macau ATM Cap

The video discusses how individuals in China circumvent capital controls by using casinos in Macau to transfer money out of the country. It highlights recent restrictions on ATM withdrawals in Macau and the impact on casino stocks. The video also touches on China's declining foreign exchange reserves and the government's efforts to tighten capital controls, including restrictions on Union Pay card withdrawals.

In what ways does the Chinese government attempt to control the outflow of money from the country?

What are the limitations of using UnionPay cards for withdrawing money in Macau?