The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengthen bilateral financial cooperation and signed a revised MoU.
The two authorities have maintained close collaboration in banking supervision for many years.
Building on this framework, the revised MoU extends cooperation to additional areas, including financial infrastructure linkages, exchange of information on currency and statistical data, as well as industry training and engagement.
Eddie Yue, Chief Executive of the HKMA, said:
“Our joint efforts not only enhance mutual synergy but also enable both cities to make greater contributions to the country’s economic and financial development. The revised MoU expands our cooperation to broader areas such as financial infrastructure and information exchange, laying a more solid foundation for deepening financial collaboration between Hong Kong and Macao.”
Simon Vong, Chairman of the AMCM, said:
“The newly amended MoU will deepen and broaden the comprehensive cooperation between the two authorities, supporting the sustained and steady development of our financial markets and contributing to the national strategy of developing the Guangdong-Hong Kong-Macao Greater Bay Area into an international financial hub.”
Featured image credit: HKMA