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).
Macau Monetary Authority
The People’s Bank of China has inked a currency swap deal with the Macau Monetary Authority.
The government will launch a public consultation in the middle of next year on the possible establishment of a company tasked with managing the local version of a “sovereign wealth fund”.
The total number of personal credit cards issued by banks in Macau rose by 9.4% year-on-year in the third quarter.
The new banknotes issued to commemorate the 20th anniversary of Macau’s return to the motherland show that the past two decades of Macau’s progress have relied on the mainland’s support.
Legislative Assembly’s Follow-up Committee for Public Finance Affairs, will keep a close eye on the possible setting-up of a securities market in Macau.
The banknotes for the 20th anniversary of Macau’s return to the motherland, and the four previously issued zodiac banknotes are ready for collection by registered local residents.
Possible establishment of a yuan-denominated securities market in Macau “is still under study.”
The government formally withdrew its controversial bill which proposed the transfer of 60 billion patacas from the government’s financial reserves for the setting-up of the Macau Special Administrative Region Investment and Development Fund.