The Macau Securities and Funds Industry Association hosted a summit meeting and an inauguration ceremony for the second term of its board members at Macau Tower in Sai Van yesterday.
According to Lo Jian, who chairs the association and the Industrial and Commercial Bank of China (Macau) Limited (ICBC), said that bonds issued in Macau reached around 1.06 trillion* patacas last year.
Lo said in a speech at the ceremony that institutional investor accounts in Macau have maintained double-digit annual growth, accelerating the formation of a modern financial industry. The association now boasts 53 full members, effectively consolidating industry strength, Lo said.
Macau Monetary Authority (AMCM) Acting President Vong Sin Man said in a speech that with the support of the central government, Macau’s modern financial industry continues to develop, showing significant progress particularly in the bond market and wealth management sectors.
Vong underlined that the recent completion of the amendments to the Investment Funds Law and the interconnection of the bond settlement systems between Hong Kong and Macau have further strengthened Macau’s financial infrastructure, creating new opportunities for the market.
Vong also said that AMCM is currently optimising the Central Securities Depository system in phases and promoting the regular issuance of national and local government bonds to support the development of the Greater Bay Area (GBA) and the internationalisation of the renminbi (colloquially known as yuan).
According to Ge Wenjie, who heads the China Construction Bank Corporation (CCB) Macau Branch, and delivered a report on the association’s affairs, noting that last year, the association refined its organisational structure by establishing a new department for external liaison and forming two specialised committees about industry training, and about examinations and qualification certification. Ge said that the association also enhanced exchanges with financial sectors in the Greater Bay Area and internationally, reaching multiple cooperative agreements.
During the keynote speech session, the association’s vice president, Zhang Weichun, reviewed the rapid development of Macau’s bond market since 2018. The market scale has grown over 200-fold, with an average annual compound growth rate exceeding 100 percent, helping Macau’s bond market secure a place in the Asian bond market, Zhang said.
Macau’s fiscal reserves stood at 661.1 billion patacas (0.661 trillion patacas, US$82.6 billion) at the end of October 2025, according to the latest available official data.
*One trillion is equal to one thousand billion, according to the short-scale numerical system used in the United States and most English-speaking countries. One billion is equal to one thousand million. – Poe
Macau Securities and Funds Industry Association Chairman Lo Jian addresses yesterday’s summit meeting and an inauguration ceremony for its second-term board members at Macau Tower in Sai Van. – Photos: Armindo Neves
Macau Monetary Authority (AMCM) Acting President Vong Sin Man addresses yesterday’s event at Macau Tower.
