The HKMA, PBOC and AMCM updated their operational procedures to reflect Macau’s participation in the facility.
February 9, 2024The “network link-up” will provide a one-stop platform to facilitate cross-border fintech trials and strengthen supervisory cooperation.
November 10, 2023The eligibility, product range, investment and sales limits will be enhanced, and securities firms will be allowed to participate.
September 29, 2023The Act introduces a new type of licence for banks focusing on specialty business, among other changes.
August 16, 2023The paper says the GBA is an ideal launch pad for CBDC pilots given its use of three different currencies and monetary authorities.
June 7, 2023Macau already has a local RTGS system for local payments denominated in HKD. The new system enables real-time settlement of HKD payments between Macau and Hong Kong banks.
November 3, 2022Balanced funds, money market funds, equity and bond funds are reportedly among the more than 100 types of investment funds awaiting the HKMA's approval.
September 29, 2021The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.
September 10, 2021The training initiatives will help develop the local financial sector and help Macau prepare for the Wealth Management Connect scheme.
May 19, 2021The next phase of technical testing will explore the feasibility of using the digital yuan in cross-border payments.
May 15, 2021