The proportion of international business in the Macau Special Administrative Region’s (MSAR) banking sector retreated in the third quarter of the year, according to data released by the Macau Monetary Authority (AMCM) yesterday.
Macau’s quasi-central bank said in a statement that as of the end of September, the share of international assets in total banking assets had fallen to 83.2 percent from 83.4 percent at the end of June, while the share of international liabilities in total banking liabilities had dropped to 80.5 percent from 81.1 percent.
According to the statistics, most of Macau’s banking sector’s external assets and liabilities were related to Asia. At the end of September, claims on the mainland and Hong Kong accounted for 40.8 percent and 24.5 percent of total external assets, respectively. Meanwhile, claims on Portuguese-speaking countries (PSCs) and Belt and Road (B&R) countries accounted for 0.7 percent and 12.2 percent, respectively.
On external liabilities, Hong Kong and the mainland accounted for 44.7 percent and 34.6 percent of the total, respectively. PSCs and B&R countries represented 0.4 percent and 7.4 percent, respectively. – Xinhua, MPD
