Home > economy Channel >                 text

Macau Monetary Authority: Is preparing a feasibility study for the establishment of a renminbi-denominated securities market

April 15, 2019 11:06

Oriental Fortune APP

  • Convenient
  • Mobile phone viewing financial news
  • Professional, rich
  • Master the pulse of the market

Read articles on your phone

  • prompt:
  • WeChat sweep
  • Share it with you
  • Circle of friends
Summary
[Macau Monetary Authority: It is planning to conduct a feasibility study on the establishment of a renminbi-denominated securities market] Macau is planning a multi-pronged approach to cultivate the financial industry as a new pillar with new growth points. The Securities Times·e company was informed exclusively that the Monetary Authority of Macao is planning to conduct a feasibility study on the establishment of a renminbi-denominated securities market in Macau. It will fully integrate the central government's positioning of Macao's Sino-Portuguese business cooperation service platform, and research and develop the financial industry and elements that are in line with Macao's characteristics. (Securities Times)

Macau is planning a multi-pronged approach to foster the financial industry as a pillar industry with new growth points. The Securities Times·e company was informed exclusively that the Monetary Authority of Macao is planning to conduct a feasibility study on the establishment of a renminbi-denominated securities market in Macau. It will fully integrate the central government's positioning of Macao's Sino-Portuguese business cooperation service platform, and research and develop the financial industry and elements that are in line with Macao's characteristics.

The company was informed that Macao is revising the relevant laws and regulations in the financial sector and improving the financial and hardware infrastructure to create conditions for innovative financial cooperation between Macao and neighboring regions. In addition, in terms of investment cooperation, the “Guangdong Guangdong-Macao Cooperation and Development”fund"It was formally established in 2018 and is in the process of instalment and capital injection. In terms of regulatory cooperation, the Guangdong, Hong Kong and Macao regulatory agencies will continue to actively explore the establishment of financial regulatory coordination and communication mechanisms in the Greater Bay Area through consultations. Environmental supervision andCash flowDynamic monitoring and analysis cooperation.

In addition, the Monetary Authority of Macao is also committed to promoting the construction of the “China-Portugal Financial Service Platform”. In the future, we will continue to strengthen publicity and promotion, and expand the construction machinery, high-speed rail, shipbuilding and other equipment in the Mainland to the Portuguese-speaking countries and the “Belt and Road” market.

(Article source: Securities Times)

                (Editor: DF010)

you might be interested
  • News
  • stock
  • global
  • Hong Kong stocks
  • US stocks
  • futures
  • Foreign exchange
  • life
    click to see more
    No more recommendations
    • name
    • Latest price
    • Quote change
    • Hand turnover rate
    • Capital inflow
    Please download Oriental Fortune products to view real-time quotes and more data.
    Click ranking
    Solemnly declare:Oriental Fortune.com publishes this information in order to disseminate more information and has nothing to do with the position of this website. Oriental Fortune Network does not guarantee the accuracy, authenticity, completeness, validity, timeliness, originality, etc. of all or part of this information (including but not limited to text, data and graphics). The relevant information has not been confirmed by this website, and does not constitute any investment advice for you. According to this operation, the risk is at your own risk.