Executive Council spokesman Leong Heng Teng said yesterday that the government has drafted a bill regulating the city’s finance leasing, with the aim of promoting its development.
Addressing a press conference at Government Headquarters, Leong said that the council, the government’s top advisory body, has completed its discussion of the bill, which is to replace the existing decree-law on finance leasing which came into force in 1994.
The government’s Five-Year Development Plan published in 2016 states that the government will help with the development of financial businesses with “special features”, including finance leasing and wealth management businesses.
Executive Council spokesman Leong Heng Teng (centre), Macau Monetary Authority (AMCM) President Benjamin Chan Sau San (left), and Financial Services Bureau (DSF) Director Iong Kong Leong address yesterday’s press conference about the government’s two finance leasing bills, at Government Headquarters. Photo: Tony Wong
