Macau’s gaming business is still the preferred investment sector in Asia for Julius Baer due to the growing mass market and continual influx of mainland tourists to the city, the Swiss private banking group said at a Hong Kong media briefing on Monday. Gaming corporates will continue to shift their focus from high-rollers to the premium mass gaming floor. The banking group also said that cleaner energy markets such as those dealing in natural gas and wind are set to grow as China sets emission control targets to generate a fuel-efficient economy. But these industries might fall short of their high earnings expectations, Julius Baer said. In the consumer sector, the bank said various sources close to the National Population and Family Planning Commission said China could significantly relax the one-child policy as early as the end of this year, possibly translating into rising near-term demand for baby products such as baby formula and diapers.
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