Delegates from 35 enterprises in China’s Macao Special Administrative Region (SAR) headed for Shanghai on Friday to attend the fifth China International Import Expo (CIIE). The enterprises cover industries ranging from conventions and exhibitions, finance, science and technology, e-commerce and catering to manufacturing and logistics, according to the Macao Trade and Investment Promotion Institute. About a quarter of the 35 enterprises were attending the expo for the first time, the institute added. The delegation will work to expand business opportunities through exchanges with other delegates during the CIIE, which is scheduled to be held on Nov. 5-10, said the institute.
Broad money supply retreats in September
Macau’s broad money supply retreated by 1.4% month-on-month to 679.7 billion patacas in September 2022, the SAR’s monetary watchdog said. According to statistics released by the Monetary Authority of Macao, currency in circulation and demand deposits dropped 2.4% and 5.5%, respectively. According to the data, resident deposits decreased 1.4% from the preceding month to 659.4 billion patacas while non-resident deposits fell by 9.0% to 315.7 billion patacas. Meanwhile, public sector deposits with the banking sector dropped 4.0%to 251.8 billion patacas.
