HKMA and AMCM sign MoU to strengthen cooperation

The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting yesterday to enhance financial collaboration, signing a revised memorandum of understanding (MoU) that expands their cooperative framework.

The updated MoU broadens the scope of cooperation to include financial infrastructure linkages, information exchange on currency and statistical data, and industry training and engagement.

Eddie Yue, chief executive of the HKMA, stated that, “As core cities in the development of the Guangdong-Hong Kong-Macao Greater Bay Area, Hong Kong and Macao share a common goal of maintaining financial stability and supporting financial development.”

He remarked that their joint efforts enhance mutual synergy and enable both cities to contribute more significantly to the country’s economic and financial development. The revised MoU, he noted, lays a stronger foundation for deepening financial collaboration.

Simon Vong, chairman of the AMCM, said, “The newly amended MoU will serve to deepen and broaden comprehensive cooperation between the two authorities, enabling both parties to uphold the sustained and steady development of our financial markets while providing strong support for the national strategic goal of developing the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) into an international financial hub.”Ricaela Diputado