trending Market Intelligence /marketintelligence/en/news-insights/trending/mc3ywfxsdevlqpngobqyfg2 content esgSubNav
In This List

China, Macau central banks sign cooperation agreement

Blog

Banking Essentials Newsletter: 17th April Edition

Blog

Banking Essentials Newsletter: 7th February Edition

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


China, Macau central banks sign cooperation agreement

The People's Bank of China and the Autoridade MonetÁria De Macau signed a memorandum of understanding to enhance cooperation on financial policies and supervision.

Under the agreement, the two central banks will set up an information sharing and notification framework, deepen cooperation in financial supervision and improve exchange and training of financial talents, according to a Sept. 5 release.

The regulators will also improve the supervision and promotion of fintech and mobile payments.

In addition, the Chinese central bank will support the stable and healthy development of featured finance in Macau, particularly fostering cooperation in the areas of financial leasing, yuan settlement between China and Portuguese-speaking countries and wealth management, among other financial activities.