The Monetary Authority of Macao reported on a joint delegation visit to Brazil aimed at strengthening cross-border financial cooperation and promoting Macao as a financial services platform between China and Portuguese-speaking countries. Discussions with the Central Bank of Brazil, banking associations, financial institutions and businesses focused on Brazil’s financial market and corporate demand for cross-border services, as well as Macao’s policy environment and role in facilitating China-Brazil financial activity. Following the visit, Monetary Authority of Macao Chairman Vong Sin Man said the authority will optimize Macao’s physical and institutional financial infrastructure and deepen links with Brazilian regulators and financial institutions. Its priorities include supporting cross-border renminbi services, expanding the renminbi clearing network and developing diversified financing channels through the bond market. The authority will also pursue cooperation between Macao’s financial sector, major Brazilian banks and business associations in sustainable finance, bond markets and financial technology.
Monetary Authority of Macao outlines deeper Brazil cooperation on renminbi services and bond financing
The Monetary Authority of Macao used a delegation visit to Brazil to promote stronger cross-border financial ties and Macao’s role as a services platform between China and Portuguese-speaking countries. Planned areas of cooperation include renminbi services and clearing, bond financing, sustainable finance and financial technology.