Macao weighs launch of yuan-denominated securities market
City aims to become yuan-clearing centre for Portuguese-speaking nations
The Monetary Authority of Macao (AMCM) is conducting a feasibility study on the launch of a new yuan-denominated securities market, as the city aims to become a yuan clearing centre for Portuguese-speaking nations, the authority tells Central Banking.
Echoing Beijing’s Greater Bay Area plan to spur growth in southern China’s Pearl River Delta, Macao’s government wants to position itself as a financial service interface between China and Portuguese-speaking nations.
“The Macao government is
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