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The Macao Central Securities Depository has 95 billion patacas in the coffers

Launched at the end of 2021, the depository plays a key role in the SAR’s emerging financial sector, in particular the securities market.

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UPDATED: 25 Jan 2024, 8:44 am

After two years in operation, Macao Central Securities Depository and Clearing Limited (MCSD) has nearly 95 billion patacas in deposits, the Macau Post Daily reports.

It has also registered more than 100 participant accounts: 34 opened by local institutions, 67 by those abroad, said the president of the administration committee of the Macau Monetary Authority (AMCM), Benjamin Chan. The AMCM owns MCSD.

The depository’s current debt securities include five-year treasury bonds issued by the Ministry of Finance, and municipal bonds issued by the People’s Government of Guangdong Province.

[See more: Macao now outstrips Singapore when it comes to international bond issues]

The MCSD launched in December 2021 to provide bond registration, depository and clearing services. It was heralded as a step forward in the development of Macao’s securities market.

Chan said the depository had been involved in several promotional activities last year, aiming to attract more foreign institutions to participate in the local bond market.

After a ceremony marking Macao Central Securities Depository and Clearing Limited’s second anniversary, held yesterday, AMCM administration committee member Henrietta Lau told media that the AMCM hoped to keep expanding the local bond market through forging connections with international central securities depositories and boosting investment rates.

UPDATED: 25 Jan 2024, 8:44 am

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