Tag: Finance
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FSS revenue reaches MOP16 billion on investment gains
The Social Security Fund (FSS) announced that its total revenue last year reached approximately MOP16.11 billion, up about 21% year-on-year, while total expenditure rose 6.8% to ... -
MSAR accounts record surplus of over MOP166 billion in 2025
The Macau Special Administrative Region’s accounts recorded a surplus of around MOP166.4 billion in 2025, the Monetary Authority of Macao (AMCM) has said in its release ... -
Banks’ first-half profit rises 1.9%
The local banking sector recorded a 1.9% year-over-year increase in operating results to MOP5.79 billion in the first half of 2026, according to data from the ... -
Central Provident Fund annual allocation to be credited September
The 2026 allocation of the budget surplus under the Non-Mandatory Central Provident Fund System is scheduled to be credited on September 24. Elderly residents who have ... -
Credit approved to SMEs down 8.6% in 1H
Statistics released by the Monetary Authority of Macao (AMCM) show that newly approved small and medium-sized enterprise (SME) credit fell 8.6% to MOP4.5 billion in the ... -
Mobile payments rise as card spending falls in Q2
The value and number of transactions made through local mobile payment tools increased in the second quarter of 2026, while credit and debit card turnover declined, ... -
Public spending rises 4.9% to MOP53.2 billion
Macau’s public spending rose 4.9% year over year to MOP53.2 billion in the first seven months of the year, driven primarily by higher spending on social ... -
Macau Pass launches MPay’s ‘Balance to Bank’ transfer feature
Macau Pass officially launched its MPay “Balance Transfer to Bank” feature yesterday. The first phase of the service is available through partner institutions, including Ant Bank ... -
Social Security Fund proposes lowering pension adjustment threshold to 2%
The Social Security Fund (FSS) presented a proposal to optimize the pension adjustment mechanism during a plenary session yesterday with the Standing Committee for the Coordination ... -
Public service pension fund faces MOP6.4b shortfall, gov’t warns
The Secretary for Administration and Justice, Wong Sio Chak, has acknowledged that the public administration staff retirement and pension fund may face a shortfall, with total ... -
Macau expands e-payment trials to transport, gov’t services, and campuses
One year into its two-year e-MOP launch timeline, Macau is expanding its sandbox trials to public transport, e-government services, and university campuses, the Monetary Authority of ... -
Electronic payments rise in retail and dining sectors in May
Electronic payment transaction values for restaurants and similar establishments and retail trade continued to grow in May, according to data from the Information from the Statistics ... -
Visa study points to rise in short cross-border trips in GBA, with digital payments playing larger role
A new Visa study has found that cross-border travel within the Greater Bay Area (GBA) is increasingly characterized by shorter and more frequent trips, with payment ... -
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, ...
