Tag: Finance
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Local banks complete 23 cross-border transactions on first day of mBridge participation
After joining mBridge, the Multilateral Central Bank Digital Currency (CBDC) Bridge, local banks completed 23 cross-border transactions on the first day, according to the Monetary Authority ... -
Over 1,000 applications rejected in 2025 cash handout scheme as gov’t publishes eligibility breakdown
Over 1,000 applications were rejected under Macau’s 2025 Wealth Partaking Scheme, with authorities citing “humanitarian and appropriate grounds” after reviewing more than 56,000 submissions, officials said ... -
e-MOP moves to sandbox testing with whitelist users as 2027 launch target holds
Having announced a goal to launch e-MOP within two years in mid-2025, authorities have now entered the sandbox testing phase, with the Monetary Authority of Macao ... -
HSBC Q1 earnings miss on higher credit losses
HSBC Holdings reported a first-quarter pre-tax profit of USD9.4 billion on Tuesday, falling short of analyst expectations as the bank grappled with unexpected credit charges linked ... -
SME credit approvals rise 22% in 2025
Macau banks increased lending to small and medium-sized enterprises (SMEs) in 2025, supported by a gradual economic recovery and easing interest rates, according to new data ... -
Credit concerns drive loan rejections for SMEs, survey finds
More than one-third of banks cite weak credit profiles as the leading reason for rejecting small and medium-sized enterprise (SME) loan applications, according to the Monetary ... -
Gov’t sees 10% rise in suspicious transaction reports
Macau recorded a 10% increase in suspicious transaction reports in the first quarter of 2026, as authorities warn that rapid growth in virtual assets, digital payments ... -
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 ... -
Banks’ record 93% earnings surge in 2025
Banks in Macau posted operating earnings of nearly MOP7.34 billion in 2025, a 93% year-on-year jump from MOP3.8 billion recorded in 2024, according to the Monetary ... -
Central securities custody tops MOP110 billion with Hong Kong linkage boost
Macau’s debt securities under custody have surpassed MOP110 billion ($13.7 billion), Acting Monetary Authority of Macao president Simon Vong Sin Man revealed Wednesday during the fourth ... -
Banks post 43% profit surge in first 11 months of 2025
Local banks reported strong profits in the first 11 months of 2025, reaching MOP7.958 billion, up nearly 43% from MOP5.573 billion over the same period in ... -
Gov’t launches RMB bond repos and specialized currency swap to boost liquidity
Following the expansion of the RMB/MOP swap agreement between the People’s Bank of China and the Monetary Authority of Macau (AMCM) to RMB50 billion (MOP57 billion), ... -
Gov’t updates budgetary regulation to advance ‘Smart Finance’
The government is updating its finance rules so it can switch to a new all-digital system for handling public money. The Executive Council announced yesterday that ... -
Gov’t rolls out enhanced online tax services
Taxpayers can now settle their tax obligations online through the “Macau Tax” app, “One Account,” and the “Business Portal,” as the Financial Services Bureau expands its ... -
BNU reports 29% drop in net profit for first nine months
Banco Nacional Ultramarino (BNU) reported a 29% decline in net profit for the first nine months of 2025, with unaudited figures showing earnings of MOP315.3 million ... -
e-MOP digital currency development nears completion
The Monetary Authority of Macau (AMCM) has announced that the development of the city’s digital currency system, known as e-MOP, is nearing completion and is expected ... -
HSBC proposes to privatize Hong Kong’s Hang Seng Bank
HSBC Asia Pacific announced yesterday its plan to take Hong Kong’s Hang Seng Bank private in a deal valued at HKD106.1 billion (USD13.63 billion). This move ... -
Moody’s, Fitch signal caution on SJM’s over-elevated leverage
Moody’s Ratings has lowered its outlook for SJM Holdings Limited, becoming the second major ratings agency to do so this month. Citing concerns over the company’s ... -
Macau bond market hits 962 issues worth MOP996 million by July
The Monetary Authority of Macau (AMCM) reported that by the end of July, 962 bonds valued at MOP995.6 million had been issued or listed in Macau, ... -
Macau welcomes first issuance of Shenzhen gov’t bonds
The Monetary Authority of Macao (AMCM) issued a statement yesterday announcing the first issuance of municipal government bonds by the Shenzhen Government in Macau. The announcement ... -
Guangdong issued RMB2.5 billion offshore municipal bonds in Macau
The People’s Government of Guangdong Province has issued RMB2.5 billion in offshore RMB-denominated municipal government bonds on Tuesday. This issuance marks the fifth consecutive year since ... -
MOX and Dongxing Securities forge strategic partnership
Chongwa (Macao) Financial Asset Exchange Co., Ltd. (MOX) and Dongxing Securities Co., Ltd. recently signed a framework business cooperation agreement at the Beijing Financial Street Center, ... -
Guangdong to issue RMB2.5 billion in municipal bonds in Macau late this month
The Monetary Authority of Macao (AMCM) confirmed that the Guangdong government will issue offshore RMB-denominated municipal government bonds in Macau late this month. According to AMCM, ... -
Two BOC presidents unreachable amid graft Crackdowns
Two senior overseas executives of Bank of China Ltd. (BOC) have become unreachable, with one reportedly detained by anti-corruption authorities, according to Caixin Global. This is ... -
Macau lists RMB6 billion in government bonds
China’s Ministry of Finance listed RMB 6 billion worth of government bonds on the Chongwa (Macao) Financial Asset Exchange (MOX) yesterday. This marks the fifth consecutive ... -
Gov’t and Bank of China sign agreement to boost financial services
The local government and the Bank of China recently signed a cooperation agreement to enhance banking services in Macau. The signing took place at the Guangdong-Macau ... -
Gaming tax revenue slightly rises in first half
The city’s gaming revenue for the first half of 2025 reached MOP45.40 billion, marking a slight increase of 0.9% compared to MOP44.99 billion during the same ... -
Local market braces for ripple effects from New World Development’s massive debt deal
The local banking and real estate sectors are cautiously optimistic following a record-breaking refinancing deal by Hong Kong’s New World Development (NWD), a move seen as ... -
Citibank Macau branch closes operations today
U.S.-based Citigroup has announced that the Citibank Macau branch will officially close today. However, it will still offer services to its Macau customers through its Hong ... -
49 investment projects report zero execution rate in Q1
Out of 202 active investment projects, 49 reported a 0% execution rate in the first quarter of 2025, according to the Legislative Assembly’s Follow-up Committee for ... -
Foreign exchange reserves increase 3.1% m-o-m in May
The Monetary Authority of Macao (AMCM) has announced that the preliminary estimate of Macau’s foreign exchange reserves stood at MOP236.3 billion (approximately USD29.26 billion) as of ... -
Publicly owned companies performing well despite millions in losses: DSGAP
The Public Assets Supervision and Administration Bureau (DSGAP) has published a report that grades the performance of publicly owned companies in 2024. According to the report, ... -
No specific restrictions on departmental spending in next year’s budget
The Chief Executive, Sam Hou Fai, issued a directive on May 14 for preparing the fiscal year 2026 budget, but it did not impose specific restrictions ... -
Gov’t strives to launch e-MOP prototype in two years
The Macau Monetary Authority (AMCM) is currently implementing the prototype system for the “Digital Macau Pataca” (e-MOP) in phases, with the Secretary for Economy and Finance, ... -
With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold
The Bank of England kept its main U.K. interest rate unchanged at 4.50% yesterday even though the economy is barely growing and the nation faces more ...
