The president of the Legislative Assembly’s Follow-up Committee for Public Finance Affairs, Mak Soi Kun, said yesterday that the committee will keep a close eye on the possible setting-up of a securities market in Macau.
Speaking to reporters after a closed-door meeting of the committee, Mak said the committee’s first task in the current session was to pay close attention to the proposed securities market as it would have a strong impact on the local economy. “We have to see what the efficiency of this project would be,” Mak said.
The Macau Monetary Authority (AMCM) said in a statement on October 13 that the possible establishment of a yuan-denominated securities market in Macau was still being studied.
