CE meets BOC Macau president to discuss Finance Sector and Cooperation Zone

The Chief Executive (CE), Ho Iat Seng, has returned from his extended leave and has recently met with the new president of the Macau branch of the Bank of China (BOC), Jia Tianbing.

The meeting, held at the government’s headquarters, was to discuss the development of the territory’s financial sector, supporting the diversification of the local economy, and the construction of the Guangdong-Macau In-depth Cooperation Zone in Hengqin.

Welcoming Jia and his delegation, the CE expressed his gratitude for the long-term support for Macau’s socio-economic development, which has helped keep the financial market in the region stable.

Ho noted that the central government has launched several measures that have benefited Macau and the region and that this has contributed to continuous development.

Remarking on the “1+4” strategy for local economic diversification, the CE noted that the financial sector is an important pillar of the strategy and contributes to the security and stability of the banking system.

The CE said he hopes the BOC Macau will continue assisting the innovation and implementation of the financial sector in Macau and the In-depth Cooperation Zone, supporting the construction of the Zone.

In turn, Jia recalled that the bank was established in Macau approximately 74 years ago and has always pursued national importance to realize its goal of “being rooted in Macau and serving the benefit of Macau”.

As chairman of the Macao Association of Banks, he also pledged to continue cooperating with industry to enhance the quality and efficiency of high-end financial services, providing more comprehensive, high-quality, and professional financial services to local businesses and residents.

Jia also pledged to support local integration into the national context, promote diversified development of the local economy, and create a development environment based on the principle of “one country, two systems” with Macau characteristics.