MOX concludes MoU with CCDC

Chong Wa (Macao) Financial Asset Exchange Co., Ltd. (MOX) and China Central Depository & Clearing Co., Ltd. (CCDC) signed a memorandum of understanding (MoU) at the dining hall on the third floor of Macao Tower on July 3. Liang Weite, director of the economic and finance department of the Macao Special Administrative Region (MSAR), Wang Yi, director of the finance department of the Ministry of Finance, Zhu Hong, deputy director of the economic affairs department of the Liaison Office of the Central People’s Government in the MSAR, Xu Yingzhen, secretary general of the permanent secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-speaking Countries (Macao), Fu Jianguo, Chairman of Board of Nam Kwong and MOX, and Shui Ruqing, chair of board of the CCDC attended and addressed the ceremony. Zhang Weichun, president of the executive council of MOX, on behalf of MOX, singed the MoU with the CCDC. Peng Jinhong, executive director and general accountant of the Nam Kwong, Chen Zhiying, executive director of the Nam Kwong, and around 100 representatives from the finance and commercial circles in Macao attended the event.

Fu Jianguo said in his speech that the RMB bonds issued by the central government in Macao for the first time represented a landmark in the RMB capital market in Macao. It would bring more issuers to Macao securities market and give a boost to the development of Macao’s securities market, he said. To support the issuance of Chinese government debts, MOX and CCDC established extensive cooperation in issuance system and supporting services under the supervision and guidance of the Ministry of Finance and the Monetary Authority of the MSAR to ensure the issuance of the RMB government debts, which was finished with great quality as expected.

With the issuance as an opportunity, MOX and CCDC have established long-standing, stable, and sound partnerships to jointly build the securities market in Macao and improve the connectivity of securities market between Macao and the Chinese mainland. Giving full play to Macao’s role as a financial service platform for China and Portuguese-speaking countries, the cooperation will boost the in-depth integration of local securities market and overseas ones so that Macao will provide financing support to Portuguese-speaking countries and those along the Belt and Road Initiative. This will improve Macao’s financial service level and enable it make greater contribution to the national development.