At its 50th Anniversary, bank vows share capital rise
Luso International Banking Limited held a reception yesterday marking the 50th Anniversary of its establishment where Secretary for Economy and Finance Lei Wai Nong said he expects the bank to grasp the “historic” opportunities created by the ongoing development of the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) and the Guangdong-Macau In-depth Cooperation Zone in Hengqin, while the bank’s chairman, Huang Laizhi, said that his company will launch a new round of its share capital increase in the near future in order to enable it to enter a new development phase.
Luso International Banking Limited was established on December 4, 1974 when Macau was still under temporary Portuguese administration.
The bank is headquartered in the high-rise Luso International Bank Building in Nam Van. The office building was built in 1983.
The Macau Special Administrative Region (MSAR) was established by the People’s Republic of China (PRC) on December 20, 1999.
Central People’s Government Liaison Office in the MSAR Deputy Director Lyu Yuyin also delivered a speech during yesterday’s reception, held at the Macau Tower Convention & Entertainment Centre, acknowledging the bank’s contributions to Macau’s long-term prosperity and stability.
Lyu is one of the two currently serving deputy directors of the Liaison Office in the MSAR, which has four deputy directors in its organisational structure.
In addition to Lei, Lyu and Huang who also addressed the event, other prominent guests attended yesterday’s reception such as Edmund Ho Hau Wah, Macau’s first chief executive and now vice-chairman of the Chinese People’s Political Consultative Conference (CPPCC) National Committee, Foreign Ministry Commissioner Liu Xianfa, Macau Legislative Assembly (AL) President Kou Hoi In, Macau Monetary Authority (AMCM) President Benjamin Chan Sau San, and Macau Chamber of Commerce (ACM) Chairman Chui Sai Cheong, who is also the vice-chairman of the Legislative Assembly.
At the start of the reception, a group of staff and family members performed a dance and put on a music show.
In his speech, Lei noted that the bank has been expanding its business in the mainland while contributing to Macau’s economic and financial development, adding that the bank has opened branches in six cities in the mainland, namely Dongguan, Foshan, Guangzhou, Hangzhou, Huizhou, and Zhuhai’s Hengqin island.
Lei underlined that the local government is promoting the development of Macau’s modern finance, adding that the government has been creating favourable conditions for the development of the city’s financial industry by constantly improving the city’s financial infrastructure.
Lei noted that this year marks the 75th Anniversary of the founding of the PRC and the 25th Anniversary of Macau’s return to the motherland. Benefiting from its institutional advantages created by the implementation of the “One Country, Two Systems” principle, Lei said, Macau will further integrate its development into the nation’s overall development.
Lei also said that Macau will inject powerful impetus to the development of its financial industry by leveraging the opportunities created by the ongoing development of the GBA and the Guangdong-Macau In-depth Cooperation Zone in Hengqin.
In his speech, Lyu praised the bank for providing Macau residents and enterprises with good-quality and convenient financial services.
Guests such as Chinese People’s Political Consultative Conference (CPPCC) National Committee Vice Chairman Edmund Ho Hau Wah (centre), Secretary for Economy and Finance Lei Wai Nong (sixth from left), Central People’s Government Liaison Office in Macau Deputy Director Lyu Yuyin (sixth from right), Foreign Ministry Commissioner Liu Xianfa (fifth from left), Legislative Assembly (AL) President Kou Hoi In (fifth from right), Macau Monetary Authority (AMCM) President Benjamin Chan Sau San (fourth from right), Macau Chamber of Commerce (ACM) Chairman Chui Sai Cheong (third from left), and Luso International Banking Limited Chairman Huang Laizhi (first from right) offer a toast during yesterday’s reception at Macau Tower marking the 50th Anniversary of the bank’s establishment. – Photo: Tony Wong
A group of staff and family members perform a show during yesterday’s reception.
This combo photo shows Secretary for Economy and Finance Lei Wai Nong, Central People’s Government Liaison Office in Macau Deputy Director Lyu Yuyin, and Luso International Banking Limited Chairman Huang Laizhi addressing yesterday’s reception. – Photos: Tony Wong
