MONETARY AUTHORITY OF MACAO

Market Infrastructure

Cross-boundary Wealth Management Connect Launched

By Manesh Samtani | 10/09/2021

The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.

Market Infrastructure

Macau: AMCM to Advance Training Initiatives for Financial Sector

By Sanday Chongo Kabange | 18/05/2021

The training initiatives will help develop the local financial sector and help Macau prepare for the Wealth Management Connect scheme.

Fintech / Regtech

HKMA, PBOC In Talks on Next Phase of Digital Yuan Tests

By Sanday Chongo Kabange | 15/05/2021

The next phase of technical testing will explore the feasibility of using the digital yuan in cross-border payments.

AML / KYC

Macau Amends Legal Framework to Enable Digital Yuan Adoption

By Sanday Chongo Kabange | 27/04/2021

Use of the fully traceable digital yuan will help Chinese authorities curb money laundering and illicit cross-border gambling.

AML / KYC

Greater Bay Regulators Sign MoU on Wealth Management Connect

By Manesh Samtani | 07/02/2021

The regulators agree to issue guidance to banks on product due diligence, investor protection, AML/CFT requirements and personal data protection, among other areas.

Market Infrastructure

China Sets Stage for GBA Wealth Management Connect Scheme

By Editors | 29/06/2020

Under a pilot scheme, Greater Bay Area residents will be able to invest in wealth management products distributed by GBA banks across boundaries.

Enforcement

SAFE Penalises JD.com Unit for Illegal Overseas Transfers

By Editors | 28/11/2019

The overseas transfers were reportedly used by mainland residents to participate in online gambling sites tied to popular Macau casinos with international licenses.

Market Infrastructure

Macau Submits Securities Market Proposal to Chinese Authorities

By Editors | 17/10/2019

A senior Guangdong official who reportedly helped Macau authorities prepare the proposal said he hopes the central government will approve the plan by mid-December.

Securities / Derivatives

Macau Explores Establishment of Securities Market

By Editors | 06/06/2019

The move will help Macau diversify away from gaming as its main source of revenue, and align the territory with China’s plans for the Greater Bay Area.