FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,
The government has projected gross gaming revenues (GGR) of MOP240 billion for 2025, an increase of approximately 11% compared to the current year’s budget estimate of MOP216 billion.
Micro Connect (H.K) Investments Limited made waves in the financial sector yesterday with the launch of its innovative market operating structure, the Micro Star, under the Micro Connect
In the News Guangdong, Hong Kong, Macau and Shenzhen signed, in Hong Kong, a memorandum (MoU) on tax cooperation, the Financial Services Bureau (DSF) has announced
Treasurer Jim Chalmers will this week become the first Australian government minister in that key economic role to visit China in seven years, in the latest sign that
The prototype of Macau’s digital currency (e-MOP) will be revealed before year-end, the Chief Executive (CE), Ho Iat Seng, said yesterday morning during the opening ceremony
The expanded use of China’s RMB currency and strengthened financial trading infrastructure will be central to visions of taking economic bonds between China and Portuguese-speaking
Macau and Hong Kong have both followed the U.S. Federal Reserve by reducing their interest rates to 5.25%, a decrease of 50 basis points.
Monetary authorities in Macau and Hong Kong have announced a bond linkage that will allow investors from both regions to trade bonds seamlessly.This significant development was
AGTech Holdings Limited has announced the acquisition of a controlling stake in Ant Bank (Macao), a digital banking unit of Ant Group, for MOP243 million (approximately
The Monetary Authority of Macao (AMCM) has announced a remarkable current account surplus of MOP 136.7 billion for 2023, highlighting a strong recovery in travel service exports.
In a move to further integrate the Guangdong-Hong Kong-Macau Greater Bay Area, Guangdong’s Department of Finance plans to issue offshore yuan-denominated bonds worth up to 2.5
China ratcheted up its effort to reinvigorate its economy yesterday by cutting a key policy rate and interest paid on bank deposits. The move coincided with
The Professional Accountants Committee (CPC) has launched a public consultation on revising the territory’s accounting standards to align with the latest International Financial Reporting Standards
The Industrial and Commercial Bank of China, Macau (ICBC Macau) and Bank of China, Macau (BOC Macau) have been recognized as the top banking institutions
WeBank Co, Ltd (WeBank), a world leading digital bank founded in Shenzhen, has established its technology company headquarters in Hong Kong earlier this week.
The MPay mobile app has achieved exceptional penetration among Macau’s local population, with its registered user base representing over 90% of the city’s residents. Based
Japan's central bank raised its benchmark interest rate yesterday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost
The automated inter-bank credit inquiry platform does not refuse applications that have all required documents, the Monetary Authority of Macao (AMCM) has told lawmaker Ron Lam.
Regional investment and financing firm Micro Connect has released a new set of protocols to introduce a new market standard for micro and small business financing,
Lawmaker Ip Sio Kai wants the local bond market to be less institutional and more open to the general public and specific investors, he said yesterday
A report from Global Finance Magazine on the “Richest Countries in the World 2023” revealed that Macau’s per capita purchasing power this year dropped nearly 30% compared to
A Dubai-based British hedge fund trader sought by Danish authorities for allegedly orchestrating a $1.7 billion tax fraud, considered one of the largest in the Scandinavian country, has
A new type of bank license with a restricted scope of business may be issued under the updated laws for the financial system, the Monetary Authority of Macao
China's leaders are expected to search for ways to mend the country’s fractured property market, create jobs for millions of unemployed youths and spur faster growth
In a statement released on the update, the Monetary Authority of Macao (AMCM) noted that the new phase of the Easy Transfer function will be rolled out
China's Ministry of Finance said it will issue a sovereign bond of RMB5 billion yuan in Macau on September 20, a move considered to support
The People’s Government of Guangdong Province will issue offshore bonds for the third consecutive year, the local government has announced. According to a government
The next phase of the local Easy Transfer service shall see instant transfer of HKD, the Monetary Authority of Macao (AMCM) has announced on its
The Hong Kong dollar-renminbi Dual Counter Model was launched at a time when the strategic importance of Chinese yuan currency in terms of fund flow, liquidity
Hong Kong-listed Yuexiu Real Estate Investment Trust’s RMB 1.5 billion unsecured bond was listed on the China (Macau) Financial Assets Exchange Co., Ltd. (MOX), being the
The Monetary Authority of Macao (AMCM) has adjusted the benchmark interest rate to 5% (+0.25%), AMCM noted in a press statement. This is the highest
The Asian region has continued to occupy the largest share of Macau residents’ external portfolio investments at 53.8%. The rest was mainly placed in the North
As Bank of China (BOC) opens a subsidiary in Macau next Monday, certain services will be briefly suspended to cope with the transformation, bank executives
A legislative bill to expand the number of permitted financial institutions in the city is on its way to the parliament, the Executive Council (ExCo) announced
The Bank of England said yesterday that it will launch a temporary government bond-buying program to stave off “material risk to U.K. financial stability” after
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