Secretary for Economy and Finance Lei Wai Nong says Macau’s bond market is undergoing a gradual development process and the government will take steps this year to improve its legal and regulatory foundations.
Lei was attending a signing ceremony for a Memorandum of Understanding between China (Macau) Financial Assets Trading Co. (MOX), operator of Macau’s bond exchange, and the Luxembourg Stock Exchange. He said this was an example that would hopefully attract more bond issuers to become active in Macau with both primary and secondary market transactions. This will play a key role in supporting the moderate and diversified development of Macau’s economy, he added.
In response to questions about the establishment of the Macau Stock Exchange, Lei said the Macau Monetary Authority (AMCM) is still conducting the relevant feasibility study, and its establishment would be a “long-term discussion” that would require careful consideration.