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Macau’s financial reserves gain 5.6% in 2019

The financial reserves of the Macau Special Administrative Region (MSAR) gained a record 5.6% last year, when they reached around MOP 580 billion (US$72.5 billion).

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UPDATED: 22 Dec 2023, 5:43 am

The financial reserves of the Macau Special Administrative Region (MSAR) gained a record 5.6 percent last year, when they reached around MOP 580 billion (US$72.3 billion), the Macau Monetary Authority (AMCM) said in a statement on Wednesday.

According to the statement, the reserves’ investment income reached MOP 30.2 billion (US$3.76 billion), corresponding to a return of 5.6 percent year-on-year, a “new record” since the setting up of the reserves in 2012.

The statement released through the Macau Government Information Bureau (GCS) put the MSAR’s financial reserves at the end of last year at MOP 579.4 billion, “according to a preliminary estimate”, comprising “basic” reserves of MOP 148.9 billion and “extraordinary” reserves of MOP 430.5 billion.

Equity allocations reached MOP 18.12 billion (US$2.27 billion) last year, accounting for about 60 percent of the financial reserves’ total income, according to the statement. Interest income totalled MOP 8.29 billion.

According to a synopsis published by the Macau Monetary Authority in the Official Gazette (BO) on Wednesday, the MSAR financial reserves stood at MOP 580.75 billion at the end of last year.

The Macau Monetary Authority is part of the portfolio of the government’s Secretariat for Economy and Finance.

(The Macau Post Daily/Macau News)
PHOTO © udn

UPDATED: 22 Dec 2023, 5:43 am

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