Officials of the Monetary Authority of Macao led a party representing the Macao financial sector that visited Mozambique, Angola and Cape Verde this month to promote the city as a place for China and the Portuguese-speaking Countries to conduct financial business, the Macao Daily News reports.
The newspaper said the party included representatives of two banks in Macao: the Macao branch of Bank of China and Banco Nacional Ultramarino.
The report says the visitors met representatives of the central bank, the banking industry and other enterprises in each of the countries on their itinerary to tout Macao as a place for clearing settlements in yuan, to seek opportunities for cooperation and to find ways for Portuguese-speaking Countries to do more business in renminbi.
The Macao and Angolan branches of Bank of China jointly put on a seminar in Luanda to promote Macao as place for clearing settlements in yuan, which was attended by nearly 100 people, the Macao Daily News says.
